(1) Where the insurance undertaking has more than one related insurance undertaking, the calculation of group solvency covers all related insurance undertakings.
(2) In calculating group solvency, for a related insurance undertaking whose registered office is in a member or contracting state other than that of the insurance undertaking for which group solvency is calculated, the Solvency Capital Requirement of that other member or contracting state and the own funds eligible there are taken into account.
Part 5 · Groups › Division 1 · Group solvency › Section 256
Related insurance undertakings
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