[F1Article 95a U.K. Simplified calculation of the capital requirement for risks in the life lapse risk sub-module
Where Article 88 is complied with, insurance and reinsurance undertakings may calculate each of the following capital requirements on the basis of groups of policies, provided that the grouping complies with the requirements laid down in points (a), (b) and (c) of Article 35:
the capital requirement for the risk of a permanent increase in lapse rates referred to in Article 142(2);
the capital requirement for the risk of a permanent decrease in lapse rates referred to in Article 142(3);
the capital requirement for mass lapse risk referred to in Article 142(6).]
Textual Amendments
F1 Inserted by Commission Delegated Regulation (EU) 2019/981 of 8 March 2019 amending Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (Text with EEA relevance).