S.I. No. 25/2009 - European Communities (Non-life Insurance) Framework (Amendment) Regulations 2009 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.
- ie)Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.
- ie)Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(
- s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2009 S.I. No. 25/2009 - European Communities (Non-life Insurance) Framework (Amendment) Regulations 2009 S.I. No. 25/2009 - European Communities (Non-life Insurance) Framework (Amendment) Regulations 2009 AmendmentsLeasuithe Download PDF Íoslódáil PDF S.I. No. 25 of 2009 EUROPEAN COMMUNITIES (NON-LIFE INSURANCE) FRAMEWORK (AMENDMENT) REGULATIONS 2009 Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 6th February, 2009. I, BRIAN LENIHAN, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972) and for the purpose of giving further effect to Directive 2002/13/EC of 5 March 2002 1 of the European Parliament and of the Council amending Council Directive 73/239/EEC as regards the solvency margin requirements of non-life insurance undertakings, hereby make the following regulations: 1. These Regulations may be cited as the European Communities (Non-Life Insurance) Framework (Amendment) Regulations 2009. 2. Annex II to the European Communities (Non-Life Insurance) Framework Regulations 1994 ( S.I. No. 359 of 1994 ) is amended by— (
- a)the insertion of the following subparagraph in paragraph 6: “
(3)(
- a)The required solvency margin for an insurance undertaking calculated in accordance with paragraph 7 or 8 shall not be less than the required solvency margin in respect of the year immediately preceding the year to which the calculation relates, multiplied by the ratio of the amount of the technical provisions for claims outstanding at the end of the said immediately preceding financial year to the amount of the technical provisions for claims outstanding at the beginning of the said immediately preceding financial year. (
- b)For the purpose of clause (a)— (
- i)the technical provisions shall be calculated net of reinsurance, and (
- ii)the ratio referred to therein shall not exceed one.”, and (
- b)the deletion of paragraph 8
(2). GIVEN under my Official Seal, 27 January 2009 BRIAN LENIHAN, Minister for Finance. 1 OJ No. L.077 of 20.3.2002, p.17. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais