11

Separation of Long-Term Business and General Business

11.1

  1. (1) A third country insurance undertaking that has a composite third country branch must fulfil the requirements laid down in Composites 2 and 3, as modified by 11.2.
  2. (2) [deleted.]

11.2

  1. (1) The requirements referred to in 11.1 must be fulfilled taking account only of the operations effected by the third country branch.
  2. (2) [Deleted]
  3. (3) [Deleted]
  4. (4) The reference to ‘technical provisions’ in Composites 3.3 is to be interpreted as a reference to the provisions in 6.1.