Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance) Article 91

Surplus funds

Article 91

1.   Surplus funds shall be deemed to be accumulated profits which have not been made available for distribution to policy holders and beneficiaries. 2.   In so far as authorised under national law, surplus funds shall not be considered as insurance and reinsurance liabilities to the extent that they fulfil the criteria set out in Article 94(1).