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the date as at which the mathematical reserves are calculated.
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means the date as which the mathematical reserves are calculated.
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the date in any year stated in the most recently published prospectus as the date on or before which, in respect of each annual accounting period, an allocation of income is to be made.
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(1) (other than in COBS) an investigation to which IPRU-INS rule 9.4 applies.(2) (in COBS and SUP 4) for a Solvency II firm, an investigation having regard to generally accepted actuarial practice, carried out at least once in every 12-month period with advice, as appropriate, from the persons holding the with-profits actuary function and the actuarial function.
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(in the PRA Handbook) PRA controlled function CF12 in the table of PRA controlled functions, described more fully in:(a) for a non-directive insurer, SUP 10B.8.1R(1) and Non-Solvency II Firms - Actuarial Requirements 2.1(1) of the PRA Rulebook;
(b) for a UK Solvency II firm, the Society, a managing agent and a third country branch undertaking, SUP 10B.8.1R(2) and Conditions Governing Business 6.1 of the PRA Rulebook. -
(1) (except in COLL):(a) (in relation to a company incorporated in the United Kingdom under the Companies Acts) the accounting reference date of that company determined in accordance with section 391 of the Companies Act 2006;(b) (in relation to any other body) the last day of its financial year.(2) (in COLL): the date stipulated in the prospectus on which the annual accounting period of an authorised fund ends.
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(in the context of the rules in INSPRU 1.1 concerning the calculation of the general insurance capital requirement), health insurance which meets all the conditions set out in INSPRU 1.1.72 R .
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the Institute andFaculty of Actuaries.
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means the Institute and Faculty of Actuaries.
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(1) in relation to a company incorporated in the UK under the Companies Acts, means the accounting reference date of that company determined in accordance with section 391 of the Companies Act 2006; and
(2) in relation to any other body, means the last day of its financial year. -
means an investigation to which IPRU(INS) rule 9.4 of the PRA Handbook as at 31 December 2015 applies pursuant to Non-Solvency II Firms – Transitional Measures 3.
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means health insurance which meets all the conditions set out in Insurance Company – Capital Resources Requirements 13.1.