Article 154
Health disability-morbidity risk sub-module
1.
The capital requirement for health disability-morbidity risk shall be equal to the sum of the following:
(a)
the capital requirement for medical expense disability-morbidity risk;
(b)
the capital requirement for income protection disability-morbidity risk.
2.
Insurance and reinsurance undertakings shall apply:
(a)
the scenarios underlying the calculation of the capital requirement for medical expense disability-morbidity risk only to medical expense insurance and reinsurance obligations where the underlying business is pursued on a similar technical basis to that of life insurance;
(b)
the scenarios underlying the calculation of the capital requirement for income protection disability-morbidity risk only to income protection insurance and reinsurance obligations where the underlying business is pursued on a similar technical basis to that of life insurance.