Further matters to be taken into account in calculating the technical provisions

(1) In calculating the technical provisions, the following matters must also be taken into account:
1. all expenses incurred in servicing the insurance obligations,
2. inflation, including inflation of expenses and of insurance claims, and
3. all payments to policyholders and beneficiaries, including future surplus participation, that insurance undertakings expect to make, whether or not they are contractually guaranteed.
(2) For life insurance, health insurance conducted in the manner of life insurance, and accident insurance with premium refund, future cash flows to policyholders and beneficiaries from the portion of the provision for premium refunds existing on the valuation date that may be used to offset losses and is not allocated to fixed surplus shares are not regarded as expected payments within the meaning of subsection (1), point 3.