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  1. Point in time
    2011-05-31

scheme of operations

a scheme which:

  1. (a) describes the nature of the risks which the insurer is underwriting, or intends to underwrite, and the guiding principles which it intends to follow in reinsuring or covering those risks; and
  2. (b) contains the information required 28under SUP App 2.12.1 R28 (Content of a scheme of operations).5