Applicable provisions

(1) The provisions of this Act applicable to small insurance undertakings under sections 212 to 217 apply to death benefit funds, irrespective of the level of their premium income and their technical provisions, insofar as they concern life insurance undertakings and this Division contains no derogating rules.
(2) Of the special provisions on life insurance, section 140(2) to (4) does not apply to death benefit funds. The appointed actuary need not prepare the reports under section 141(5), first sentence, points 2 and 4; section 141(6), points 2 and 3, does not apply.
(3) The following provisions apply to death benefit funds, each with the following proviso: 1. section 9(2), point 2, with the proviso that a) the general terms of insurance and b) the technical business documents, in particular the tariffs and the principles for calculating the premiums and the technical provisions under the Commercial Code, including the actuarial bases used, mathematical formulae, calculation derivations, and statistical evidence, must additionally be submitted, 2. section 141(5), first sentence, point 1, with the proviso that the appointed actuary need only examine the undertaking's financial position to determine whether the continuous ability to meet the obligations arising from the insurance contracts is guaranteed at all times, and whether the undertaking holds sufficient funds equal to the Solvency Capital Requirement, and 3. section 141(5), first sentence, point 2, with the proviso that the confirmation named there is replaced by confirmation that the premium reserve has been established in accordance with the approved scheme of operations (actuarial confirmation).