What Solvency II Directive 2009/138/EC - Article 37 Capital add-on requires
Supervisory authorities may, in exceptional circumstances following a supervisory review, impose a capital add-on for an insurance or reinsurance undertaking, provided the decision states the reasons.
Pillar: Insurance & Risk · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32009L0138
SHA-256 integrity: 7f21dc94f5d8b00ba3bcf36e7c7df53d0f8ce8af4b03118d85efcd361bc83c4a
Primary Citations — 5 traced to source
- Article 37(1): Following the supervisory review process supervisory authorities may in exceptional circumstances set a capital add-on for an insurance or reinsurance undertaking by a decision stating the reasons.
- Article 37(1): ...supervisory authorities may in exceptional circumstances set a capital add-on...
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