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…