1.

The scheme of operations referred to in Article 18(1)(c) shall include particulars or evidence of the following: the nature of the risks or commitments which the insurance or reinsurance undertaking concerned proposes to cover; the kind of reinsurance arrangements which the reinsurance undertaking proposes to make with ceding undertakings; the guiding principles as to reinsurance and to retrocession; the basic own-fund items constituting the absolute floor of the Minimum Capital Requirement; estimates of the costs of setting up the administrative services and the organisation for securing business; the financial resources intended to meet those costs and, if the risks to be covered are classified in class 18 in Part A of Annex I, the resources at the disposal of the insurance undertaking for the provision of the assistance promised.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.