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(1) (in LLD) the type of insurance defined in LLD 11.4.1 R, which is in summary: general insurance business which is sickness insurance and satisfies certain specified conditions.(2) (in PRU) (in the context of the rules in PRU 7.2 concerning the calculation of the general insurance capital requirement), health insurance which meets all the conditions set out in PRU 7.2.72 R.
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(in relation to any undertaking in a consolidation group, sub-group or other group of persons) an undertaking complying with the following conditions:(a) its principal activity consists of:(i) owning or managing property; or(ii) managing data-processing services; or(iii) any other similar activity;(b) the activity in (a) is ancillary to the principal activity of one or more insurance undertakings;(c) those insurance undertakings are also members of that consolidation group, sub-group or other group of persons; and(d) (for the purpose of PRU 8.4 (Cross sector groups), PRU 8.5 (Third country groups), PRU 8 Ann 1R G (Capital adequacy calculations for financial conglomerates) and PRU 8 Ann 2R (Prudential rules for third country groups) it is not an ancillary banking services undertaking.
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an investigation to which IPRU-INS rule 9.4 applies.
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controlled function CF12 in the table of controlled functions, described more fully in SUP 4.3.13 R and SUP 10.7.17 R .
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the regulated activity, specified in article 39A of the Regulated Activities Order (Assisting in the administration and performance of a contract of insurance) of assisting in the administration and performance of a contract of insurance.
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the regulated activity, specified in article 58 of the Regulated Activities Order (Arranging deals in contracts of insurance written at Lloyd's), carried on by the Society of Lloyd's of arranging deals in contracts of insurance written at Lloyd's.
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(in PRU) the date as at which the mathematical reserves are calculated.
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the Institute of Actuaries or theFaculty of Actuaries.