Member States shall require undertakings to establish adequate technical provisions to cover the insurance and reinsurance obligations assumed in their territories calculated in accordance with Chapter VI, Section 2. Member States shall require undertakings to value assets and liabilities in accordance with Chapter VI, Section 1 and determine own funds in accordance with Chapter VI, Section 3.
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Chapter IX · Branches established within the community and belonging to insurance or reinsurance undertakings with head offices situated outside the community › Section 1 · Taking-up of business › Article 165
Technical provisions
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