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Home Insurance & Pensions Reinsurance Directive

Article 38

Required solvency margin for life reassurance activities

1.   The required solvency margin for life reassurance activities shall be determined in accordance with Article 37.

2.   Notwithstanding paragraph 1 of this Article, the home Member State may provide that for reinsurance classes of assurance business covered by Article 2(1)(a) of Directive 2002/83/EC linked to investment funds or participating contracts and for the operations referred to in Article 2(1)(b), 2(2)(b), (c), (d) and (e) of Directive 2002/83/EC, the required solvency margin is to be determined in accordance with Article 28 of Directive 2002/83/EC.

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