Minimum Capital Requirement definition

Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

Minimum Capital Requirement means the Minimum Capital Requirement of the Issuer, the minimum consolidated group Solvency Capital Requirement or other minimum capital requirements relating to the Issuer or the Insurance Group (as applicable) referred to in Solvency II or the Relevant Rules;

Minimum Capital Requirement means the Minimum Capital Requirement or the minimum group Solvency Capital Requirement (as applicable) or any other minimum capital requirement, group minimum capital requirement or other equivalent capital requirement howsoever described in the Relevant Rules;

Examples of Minimum Capital Requirement in a sentence

• The supervisory regime should provide for a risk-sensitive requirement, which is based on a prospective calculation to ensure accurate and timely intervention by supervisory authorities (the Solvency Capital Requirement), and a minimum level of security below which the amount of financial resources should not fall (the Minimum Capital Requirement).

• The Minimum Capital Requirement is calculated by determining individual components in respect of various specific risks that the Insurer is exposed to, and adding those components together to arrive at the Minimum Capital Requirement.

• It is necessary that the Minimum Capital Requirement is calculated in accordance with a simple formula, on the basis of data which can be audited.

• When the amount of eligible basic own funds falls below the Minimum Capital Requirement, the authorisation of insurance and reinsurance undertakings should be withdrawn, if those undertakings are unable to re-establish the amount of eligible basic own funds at the level of the Minimum Capital Requirement within a short period of time.

• It shall, in addition, be required to show proof that it possesses the eligible own funds to cover the Solvency Capital Requirement and Minimum Capital Requirement provided for in the first paragraph of Article 100 and Article 128.

More Definitions of Minimum Capital Requirement

Minimum Capital Requirement means, when method 1 is applied, the consolidated group Solvency Capital Requirement as referred to in article 230(2) of the Solvency II Directive or, in the case a combination of method 1 and 2 is used, the minimum consolidated group Solvency Capital Requirement as referred to in article 341 of the Solvency II Delegated Regulation (or any equivalent terminology employed by the then applicable Capital Adequacy Regulations);

Minimum Capital Requirement means the Minimum Capital Requirement of the Issuer, the Minimum Capital Requirement of the Group or the group Minimum Solvency Capital Requirement (as applicable) referred to in the Solvency II Directive or the Solvency II Regulations;

Minimum Capital Requirement means the minimum capital requirement of the Issuer, the minimum capital requirement of the Eurovita Group or the Eurovita Group minimum consolidated group Solvency Capital Requirement (as applicable) referred to in the Applicable Regulations, where non-compliance with the Minimum Capital Requirement shall be deemed to have occurred if the amount of own fund items eligible to cover the Minimum Capital Requirement of the Issuer or, where applicable, the Eurovita Group is less than the Minimum Capital Requirement of the Issuer or, as the case may be, the Eurovita Group minimum consolidated group Solvency Capital Requirement.

Minimum Capital Requirement means the minimum Solvency Capital Requirement applicable to the Issuer or the Solvency II Group, whether on a solo, group or consolidated basis, referred to in, or any other minimum capital requirement howsoever described in, Solvency II or the Relevant Rules.

Minimum Capital Requirement means the Minimum Capital Requirement, the minimum consolidated group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules in each case as may be applicable to the Issuer and/or the Group (whether on a solo, group or consolidated basis);

Minimum Capital Requirement shall have the meaning assigned to such term in the definition of the term “Consolidated Net Income”.

Minimum Capital Requirement means the minimum capital requirement of the Issuer at solo level, or the group minimum capital requirement or (as applicable) the group minimum Solvency Capital Requirement at the Solvency II Insurance Group level (calculated on the basis of the Issuer’s Solvency II scope of consolidation), as defined and/or referred to in the Applicable Regulations, provided that non-compliance with the Minimum Capital Requirement shall be deemed to have occurred if the Solvency Margin is less than any of the aforementioned capital requirements;