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Article 128 - Man-made catastrophe risk sub-module

Comparing 18/01/2015 → 02/04/2016: 0 added, 0 removed, 10 changed Close comparison

1. 1. The man-made catastrophe risk sub-module shall consist of all of the following sub-modules:

(a)((a)) the motor vehicle liability risk sub-module;

(b)((b)) the marine risk sub-module;

(c)((c)) the aviation risk sub-module;

(d)((d)) the fire risk sub-module;

(e)((e)) the liability risk sub-module;

(f)((f)) the credit and suretyship risk sub-module.

2. 2. The capital requirement for the man-made catastrophe risk shall be equal to the following:

\mathrm{SCR}_{\mathrm{mmCAT}} = \sqrt{\sum_{\mathrm{i}} \mathrm{SCR}_{\mathrm{i}}^2}

where:

(a)((a)) the sum includes all sub-modules set out in paragraph 1;

(b)((b)) SCRidenotesSCR_{i} denotes the capital requirements for sub-modulei.sub-module i.

Official text · consolidated version 02/04/2016 (no longer in force) Open full page ↗
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