2
Surplus Funds and Technical Provisions
2.1
A firm shall not treat surplus funds as insurance and reinsurance obligations when valuing payments to policyholders and beneficiaries in the calculation of technical provisions in accordance with Technical Provisions 2.
[Note: Art. 78(3) and Art. 91(2) of the Solvency II Directive]
- 01/01/2016
2.2
In order to comply with 2.1, a firm must calculate the amount, if any, of its surplus funds in accordance with 3.
- 01/01/2016