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To the extent that the calculation of technical provisions of insurance and reinsurance undertakings does not comply with Articles 76 to 83, the supervisory authorities may require insurance and reinsurance undertakings to increase the amount of technical provisions so that they correspond to the...

1. The Commission shall adopt delegated acts in accordance with Article 301a laying down the following:(a) actuarial and statistical methodologies to calculate the best estimate referred to in Article 77(2);(b) the methodologies, principles and techniques for the determination of the relevant risk...

Own funds shall comprise the sum of basic own funds, referred to in Article 88 and ancillary own funds referred to in Article 89.

Basic own funds shall consist of the following items:(1) the excess of assets over liabilities, valued in accordance with Article 75 and Section 2;(2) subordinated liabilities.The excess amount referred to in point (1) shall be reduced by the amount of own shares held by the insurance or...

1. Ancillary own funds shall consist of items other than basic own funds which can be called up to absorb losses.Ancillary own funds may comprise the following items to the extent that they are not basic own-fund items:(a) unpaid share capital or initial fund that has not been called up;(b)...

1. The amounts of ancillary own-fund items to be taken into account when determining own funds shall be subject to prior supervisory approval.2. The amount ascribed to each ancillary own-fund item shall reflect the loss-absorbency of the item and shall be based upon prudent and realistic...

1. Surplus funds shall be deemed to be accumulated profits which have not been made available for distribution to policy holders and beneficiaries.2. In so far as authorised under national law, surplus funds shall not be considered as insurance and reinsurance liabilities to the extent that they...

1. Supervisory authorities shall take all of the following into account for the purposes of the assessment referred to in Article 90 (4) of Directive 2009/138/EC:(a) the legal effectiveness and enforceability of the terms of the commitment in all relevant jurisdictions;(b) the contractual terms of...

1. Supervisory authorities shall take all of the following into account for the purposes of the assessment of the counterparties' ability to pay referred to in Article 90(4)(a) of Directive 2009/138/EC:(a) the risk of default of the counterparties;(b) the risk that default arises from a delay in...