the expected profit included in future premiums
Definitions over time (1)
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18/01/2015 – 02/04/2016 Article 1, Commission Delegated Regulation (EU) 2015/35 Scope: Whole act
For the purposes of this Regulation, the following definitions shall apply:
‘the expected profit included in future premiums’ means the expected present value of future cash flows which result from the inclusion in technical provisions of premiums relating to existing insurance and reinsurance contracts that are expected to be received in the future, but that may not be received for any reason, other than because the insured event has occurred, regardless of the legal or contractual rights of the policyholder to discontinue the policy.
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 12/11/2026)
No text uses this concept on 12/11/2026.