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Status: You are viewing the version of the handbook as on 2009-03-31.

SUP 13 Annex 2 Relevant UK details: branches of insurance undertakings R

R

Relevant UK details

(1)

the names of the UK firm's managers and main agents in the EEA State concerned;

(2)

particulars of any association which exists or is proposed to exist between:

(a)

the directors and controllers of the UK firm;

(b)

any person who will act as insurance broker, agent, loss adjuster or reinsurer for the UK firm in the EEA State concerned;

(3)

the names of the principal reinsurers of business to be carried on in the EEA State concerned;

(4)

the sources of business in the EEA State concerned (for, example, insurance brokers, agents, own employees or direct selling) with the approximate percentage expected from each of these sources;

(5)

copies or drafts of:

(a)

any separate reinsurance treaties covering business to be written in the EEA State concerned;

(b)

any standard agreements which the UK firm will enter into with brokers or agents in the EEA State concerned;

(c)

any agreements which the insurance undertaking will enter into with persons (other than employees of the UK firm) who will manage the business to be carried on in the EEA State concerned;

(6)

in the case of a UK firm which intends to carry on long-term business:

(a)

the technical bases which the actuary appointed in accordance with SUP 4.3.1 R proposes to use for each class of business to be carried on in the EEA State, including the bases needed for calculating premium rates and mathematical reserves;

(b)

a statement by the actuary so appointed whether he considers that the premium rates which will be used in the EEA State concerned are suitable;

(c)

a statement by that actuary whether he agrees with the information provided under relevant EEA details (1)(e) and (2)(b) and (c);

(d)

the technical bases used to calculate the statements and estimates referred to in relevant EEA details (2); and

(7)

in the case of a UK firm which intends to carry on general business, copies or drafts of any agreements which the UK firm will have with main agents in the EEA State concerned.1