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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 249 changes in this version: compare with the current text.

Article 249 - Linear Minimum Capital Requirement

Article 249
Linear Minimum Capital Requirement

The linear Minimum Capital Requirement shall be equal to the following:

\mathrm{MCR}_{\mathrm{linear}} = \mathrm{MCR}_{(\mathrm{linear,nl})} + \mathrm{MCR}_{(\mathrm{linear,l})}

where:

(a)

MCR(linear,nl) denotes the linear formula component for non-life insurance and reinsurance obligations;

(b)

MCR(linear,l) denotes the linear formula component for life insurance and reinsurance obligations.

Official text · consolidated version 17/01/2015 (no longer in force) Open full page ↗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