(1) For compliance with the Solvency Capital Requirement, eligible own funds are composed of Tier 1 own funds and eligible Tier 2 and Tier 3 own funds.
(2) The items of own funds in Tiers 2 and 3 are eligible only insofar as at least the following conditions are met: 1. the items of own funds in Tier 1 amount to at least one third of the Solvency Capital Requirement, and 2. the eligible amount of the items of own funds in Tier 3 is less than one third of the Solvency Capital Requirement.
Part 2 · Provisions for direct insurance and reinsurance › Division 2 · Solvency requirements › Section 94
Own funds to comply with the Solvency Capital Requirement
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