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FCA Handbook
LLD
LLD 24
LLD 24.4 Mathematical reserves

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LLD 24.4 Mathematical reserves

Application of PRU 7.3

LLD 24.4.1R01/01/2005

PRU 7.3 applies to managing agents in accordance with LLD 16.3.3 R.

Approved reinsurance to close

LLD 24.4.2R01/01/2005

In respect of business that has been subject to an approved reinsurance to close, managing agents must calculate mathematical reserves (before and after deduction of reinsurance cessions) for the reinsuring and not for the reinsured member.

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