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- TITLE I > CHAPTER VI > SECTION 2
Article number: 78
In addition to Article 77, when calculating technical provisions, insurance and reinsurance undertakings shall take account of the following:
(1) all expenses that will be incurred in servicing insurance and reinsurance obligations;
(2) inflation, including expenses and claims inflation;
(3) all payments to policy holders and beneficiaries, including future discretionary bonuses, which insurance and reinsurance undertakings expect to make, whether or not those payments are contractually guaranteed, unless those payments fall under Article 91(2).
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Metadata
RULEBOOK TOPIC: SECTION 2 - Rules relating to technical provisions
RULEBOOK CATEGORY: DIRECTIVE 138/2009/EC (SOLVENCY II DIRECTIVE)
Last update on: 06 Jan 2022