1
Application and Definitions
1.1
Unless otherwise stated, this Part applies to:
- (1) a run-off firm;
- (2) a non-directive insurer; and
- (3) a Swiss general insurer.
- 01/01/2016
1.2
In this Part, the following definitions shall apply:
means any application rule in any Part in the Non-Solvency II Firms Sector of the PRA Rulebook.
means a firm to which, but for the application of Transitional Measures 2.1 to 2.3 in the Solvency II Firms Sector, the Solvency II rules would apply.
means the PRA rules in the Valuation, Technical Provisions, Own Funds, Solvency Capital Requirement – General Provisions, Solvency Capital Requirement – Standard Formula, Solvency Capital Requirement – Internal Models, Minimum Capital Requirement, Undertakings in Difficulty, Investments, Composites, Conditions Governing Business, Insurance Special Purpose Vehicles, Group Supervision, Reporting, Surplus Funds, With-Profits, Insurance - Certification, Insurance – Conduct Standards, Insurance – Senior Management Functions, Insurance – Allocation of Responsibilities and Insurance – Fitness and Propriety Parts of the Solvency II Firms Sector of the PRA Rulebook.
- 10/12/2018