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Related provisions for INSPRU 1.5.37

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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

INSPRU 3.1.7G31/12/2006

INSPRU 3.1 addresses the impact of market risk on insurance business in the ways set out below:(1) Any firm that carries on long-term insurance business which is a regulatory basis only life firm2must comply with the resilience capital requirement. This requires the firm to hold capital to cover market risk. The resilience capital requirement is dealt with in INSPRU 3.1.9 G to INSPRU 3.1.26 R.(2) For a firm that carries on long-term insurance business, the assets that it must

INSPRU 3.1.57R31/12/2006

A firm must cover its property-linked liabilities with:(1) (as closely as possible) the assets to which those liabilities are linked; or(2) a property-linked reinsurance contract; or(3) a combination of (1) and (2).