Question 1. An intermediary issues insurance policies to policyholders on behalf of an insurer. The intermediary collects the insurance premium based on the payment terms included within the policyholder policy. The intermediary then transfers the premium minus a commission to the insurer based on separate payment terms as agreed between the intermediary and insurer. The insurer would then include within its technical provisions the premium cash-flows that are due for payment after the valuation date based on the payment terms agreed with the intermediary? i.e. the payment terms included within the contract agreed between the insurer and its counterparty should be used to determine whether a cash-flow is due for calculating the insurers technical provisions. Would this apply to all insurance related cash-flows received from the intermediary i.e. the payment terms included within the contract agreed between the insurer and the intermediary should be used to determine whether a cash-flow is due? Question 2. The scenario is the same as above with the policyholder premium being collected by an intermediary before being transferred to the insurer. There is a contract between the intermediary and the insurer with the obligations contingent on the claims loss ratio for an underwriting year, which creates a cash-flow from the intermediary to the insurer. Effectively, if the underwriting year loss ratio is in excess of an agreed level, the intermediary is obligated to make a payment to the insurer to compensate the insurer for the poorer than expected claims experience it has ceded. The payment terms associated with this contract only exist between the intermediary and the insurer given it acts on an aggregated portfolio level – there is no direct link with the underlying policyholder cashflows or payment terms. Under the terms of the contract it is not due for payment until 51 months after the start of each underwriting year given a period of time is required to allow the loss ratio to mature and stabilise. Are we correct that the cash-flow is not due until 51 months and so the expected best estimate cash-flow would be included within the technical provisions until this point? Our approach is based on guideline 68 of the Technical Provision Guidelines and the following Q&A response https://www.eiopa.europa.eu/content/153_en#:~:text=According%20to%20Solvency%20II%20rules,payment%20by%20the%20valuation%20date.