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New version applies from 18/01/2015. 360 provisions change. Later versions: 02/04/2016, 15/09/2017, 01/01/2019, 08/07/2019, 01/01/2020, 30/07/2020, 15/04/2021, 02/08/2022, 14/11/2024, 30/01/2027. Article 154 changes in this version: compare with the current text.

Article 154 - Health disability-morbidity risk sub-module

Article 154
Health disability-morbidity risk sub-module

1.The capital requirement for health disability-morbidity risk shall be equal to the sum of the following:

(a)

the capital requirement for medical expense disability-morbidity risk;

(b)

the capital requirement for income protection disability-morbidity risk.

2.Insurance and reinsurance undertakings shall apply:

(a)

the scenarios underlying the calculation of the capital requirement for medical expense disability-morbidity risk only to medical expense insurance and reinsurance obligations where the underlying business is pursued on a similar technical basis to that of life insurance;

(b)

the scenarios underlying the calculation of the capital requirement for income protection disability-morbidity risk only to income protection insurance and reinsurance obligations where the underlying business is pursued on a similar technical basis to that of life insurance.

Official text · consolidated version 17/01/2015 (no longer in force) Open full page ↗
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