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New version applies from 19/12/2002 — introduced by Directive 2002/83/EC. 53 provisions change. Article 19 is deleted from 19/12/2002.

Article 19

Article 19

Premiums for new business shall be sufficient, on reasonable actuarial assumptions, to enable assurance undertakings to meet all their commitments and, in particular, to establish adequate technical provisions.

For this purpose, all aspects of the financial situation of an assurance undertaking may be taken into account, without the input from resources other than premiums and income earned thereon being systematic and permanent in such a way that it may jeopardize the undertaking's solvency in the long term.

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