Paragraph 2: Minimum solvency margin requirement

For the undertakings referred to in Article L. 310-3-2, the minimum required solvency margin is determined either by reference to the annual amount of premiums or contributions, or by reference to the average annual cost of claims. This minimum margin requirement is equal to the higher of the results obtained by applying the following two methods: a) First method (calculation in relation to premiums). The premium base is calculated on…