17
Lloyd’s
17.1
This Chapter applies to the Society in relation to the use of an internal model for the purpose of Solvency Capital Requirement – General Provisions 3.1.
- 01/01/2016
17.2
The internal model must:
- (1) separately identify and aggregate any diminution in basic own funds arising as a result of the application of risk scenarios taken into account in the internal model to:
- (a) the insurance business of members; and
- (b) the central assets and central liabilities; and
- (2) where the risk scenarios taken into account in the internal model result in the own funds attributable to a particular member being exhausted, identify the consequent impact upon own funds attributable to the Society.
- 01/01/2016