branch MCR definition

branch MCR means the Minimum Capital Requirement (MCR) which is based on the branch balance sheet and the volume measures as specified in Directive 2009/138/EC which relate to the branch balance sheet.
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Related to branch MCR

  • Branch manager means the natural person who is in charge of and who is responsible for the business operations of a branch office of a licensee.

  • Branch office , in relation to a company, means any establishment described as such by the company;

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Head Office means such office of the Company as the Directors may from time to time determine to be the principal office of the Company;