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Section IV: The solvency margin of mixed undertakings carrying on both the operations referred to in 1° and 2° of Article L. 310-1

Article R334-17 of the French Insurance Code

The solvency margin referred to in Article L. 334-1 is made up, after deduction of losses, the portion of acquisition costs not recognised as a representation of regulated commitments and other intangible items, of the following items: a) The items defined in 1, 2 and 3 of I, 1 and 2 of II and 1 and 3 of III of article R. 334-11 , taking into account the deductions provided…

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Article R334-19 of the French Insurance Code

The minimum required solvency margin for undertakings referred to in Article L. 310-3-2 and authorised to operate simultaneously in at least two or more classes mentioned either in 1 and 2 or in 20 to 26 of Articles R. 321-1 of this Code, R. 211-2 of the Mutual Code and R. 931-2-1 of the Social Security Code is equal to the sum of the following two elements, referred to respectively…

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Article R334-21 of the French Insurance Code

The guarantee fund of the undertakings referred to in article L. 310-3-2 is equal to one third of the minimum required solvency margin defined in article R. 334-19, but may not be less than the thresholds defined in article R. 334-15. Up to these thresholds, or up to half of the said fund if this half is greater than the said thresholds, the fund is made up of the items…

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