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technical provision

(a) (for a firm which is not a Solvency II firm) a technical provision established:65
1. (i) for general insurance business, in accordance with INSPRU 1.1.12 R; and65
2. (ii) for long-term insurance business, in accordance with INSPRU 1.1.16 R.65
(b) (for a Solvency II firm) means the technical provisions established in accordance with PRA Rulebook Solvency II Firms: Technical Provisions rule 2.1.65

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