Article 119 | Solvency II Directive | Directive 2009/138/EC

TITLE I - GENERAL RULES ON THE TAKING-UP AND PURSUIT OF DIRECT INSURANCE AND REINSURANCE ACTIVITIES (Article 1-177)

CHAPTER I - Subject matter, scope and definitions (Article 1-13)

CHAPTER II - Taking-up of business (Article 14-26)

CHAPTER III - Supervisory authorities and general rules (Article 27-39)

CHAPTER IV - Conditions governing business (Article 40-72)

CHAPTER V - Pursuit of life and non-life insurance activity (Article 73-74)

CHAPTER VI - Rules relating to the valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and investment rules (Article 75-135)

Section 1 - Valuation of assets and liabilities (Article 75)

Section 2 - Rules relating to technical provisions (Article 76-86)

Section 3 - Own funds (Article 87-99)

Section 4 - Solvency capital requirement (Article 100-127)

Subsection 1 - General provisions for the solvency capital requirement using the standard formula or an internal model (Article 100-102)

Subsection 2 - Solvency capital requirement standard formula (Article 103-111)

Subsection 3 - Solvency capital requirement full and partial internal models (Article 112-127)Article 112 - General provisions for the approval of full and partial internal models ITSGL Article 113 - Specific provisions for the approval of partial internal models ITSDAGL Article 114 - Implementing measures ITSDA Article 115 - Policy for changing the full and partial internal models ITSGL Article 116 - Responsibilities of the administrative, management or supervisory bodies GL Article 117 - Reversion to the standard formula Q&A Article 118 - Non-compliance of the internal model Article 119 - Significant deviations from the assumptions underlying the standard formula calculation Article 120 - Use test DAGL Article 121 - Statistical quality standards DAGL Article 122 - Calibration standards DAGL Article 123 - Profit and loss attribution DAGL Article 124 - Validation standards DAGL Article 125 - Documentation standards DAGL Article 126 - External models and data DAGL Article 127 - Implementing measures DA

Section 5 - Minimum capital requirement (Article 128-131)

Section 6 - Investments (Article 132-135)

CHAPTER VII - Insurance and reinsurance undertakings in difficulty or in an irregular situation (Article 136-144)

CHAPTER VIII - Right of establishment and freedom to provide services (Article 145-161)

CHAPTER IX - Branches established within the community and belonging to insurance or reinsurance undertakings with head offices situated outside the community (Article 162-175)

CHAPTER X - Subsidiaries of insurance and reinsurance undertakings governed by the laws of a third country and acquisitions of holdings by such undertakings (Article 176-177)

TITLE II - SPECIFIC PROVISIONS FOR INSURANCE AND REINSURANCE (Article 178-211)

TITLE III - SUPERVISION OF INSURANCE AND REINSURANCE UNDERTAKINGS IN A GROUP (Article 212-266)

TITLE IV - REORGANISATION AND WINDING-UP OF INSURANCE UNDERTAKINGS (Article 267-296)

TITLE V - OTHER PROVISIONS (Article 297-304)

TITLE VI - TRANSITIONAL AND FINAL PROVISIONS (Article 305-312)

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Level 2 legal acts

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Article 119 - Directive 2009/138/EC (Solvency II Directive)

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