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Where alternative valuation methods in accordance with Article 10(5) are used, insurance and reinsurance undertakings shall:
identify the assets and liabilities to which that valuation approach applies;
justify the use of that valuation approach for the assets and liabilities referred to in point (a);
document the assumptions underlying that valuation approach;
assess the valuation uncertainty of the assets and liabilities referred to in point (a);
regularly compare the adequacy of the valuation of the assets and liabilities referred to in point (a) against experience.
Editorial Information
X1 Substituted by Corrigendum to Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 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) (Official Journal of the European Union L 12 of 17 January 2015).