Prudential Regulation Authority Rulebook

4.1

This Chapter does not apply to a pure reinsurer.

4.2

The CR Requirement for a firm carrying on general insurance business is equal to the higher of:

1. (1) the base capital resources requirement for general insurance business applicable to that firm; and
2. (2) the general insurance capital requirement.

4.3

The CR Requirement for a firm carrying on long-term insurance business is equal to the higher of:

1. (1) the base capital resources requirement for long-term insurance business applicable to that firm; and
2. (2) the long-term insurance capital requirement.