Contents
- 1. Insurance and reinsurance undertakings, captive insurance…
- 2. Insurance and reinsurance undertakings, captive insurance…
- 3. Insurance and reinsurance undertakings, captive insurance…
- 4. Captive insurance undertakings which fulfil all of the fol…
- 5. Captive reinsurance undertakings which fulfil all of the f…
4.Captive insurance undertakings which fulfil all of the following conditions shall use the templates as set out in Articles 7, 9, 11, 13, 14, 16, 18, 20, 22, 24 and 25 of this Regulation:
a)in relation to the insurance obligations, all insured and beneficiaries are legal entities of the group to which the captive insurance undertaking belongs or are natural persons eligible to be covered under the group insurance policies as long as the business covering natural persons remains below 5 % of technical provisions;
b)the insurance obligations and the insurance contracts underlying the reinsurance obligations do not relate to any compulsory third party liability insurance.
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