1. 1. The SLT health underwriting risk module shall consist of all of the following sub-modules:
(a)((a)) the health mortality risk sub-module;
(b)((b)) the health longevity risk sub-module;
(c)((c)) the health disability-morbidity risk sub-module;
(d)((d)) the health expense risk sub-module;
(e)((e)) the health revision risk sub-module;
(f)((f)) the SLT health lapse risk sub-module.
2. 2. The capital requirement for SLT health underwriting risk shall be equal to the following:
$$\mathrm{SCR}_{\mathrm{SLTh}} = \sqrt{\sum_{i,j}\sqrt{\sum_{\mathrm{i,j}} \mathrm{CorrSLTH}_{(i,j)}\mathrm{CorrSLTh}_{(\mathrm{i,j})} \cdot \mathrm{SCR}_{i}\mathrm{SCR}_{\mathrm{i}} \cdot \mathrm{SCR}_{j}}$$\mathrm{SCR}_{\mathrm{j}}}$$
where:
(a)((a)) the sum denotes all possible combinations (i,j) of the sub-modules set out in paragraph 1;
(b)((b)) CorrSLTH(i,j)denotesCorrSLTH_{(i,j)} denotes the correlation parameter for SLT health underwriting risk for sub-modulesiandj;sub-modules i and j;
(c)((c)) SCRiandSCRjdenoteSCR_{i} and SCR_{j} denote the capital requirements for risk sub-moduleiandjrespectively.sub-module i and j respectively.
3. 3. The correlation coefficient CorrSLTH_{(i,j)}CorrSLTH (i,j) referred to in paragraph 2 shall be equal to the item set out in row i and in column j of the following correlation matrix:
j i | Health mortality | Health longevity | Health disability-morbidity | Health expense | Health revision | SLT health lapse
Health mortality | 1 | – 0,25 | 0,25 | 0,25 | 0 | 0
Health longevity | – 0,25 | 1 | 0 | 0,25 | 0,25 | 0,25
Health disability-morbidity | 0,25 | 0 | 1 | 0,5 | 0 | 0
Health expense | 0,25 | 0,25 | 0,5 | 1 | 0,5 | 0,5
Health revision | 0 | 0,25 | 0 | 0,5 | 1 | 0
SLT health lapse | 0 | 0,25 | 0 | 0,5 | 0 | 1