{
  "url": "https://openlegislation.uk/eu-directive-2009-138/article-125",
  "json_url": "https://openlegislation.uk/eu-directive-2009-138/article-125.json",
  "legislation": "eudr/2009/138",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2009-138",
  "path": "article/125",
  "kind": "article",
  "number": "125",
  "heading": "Documentation standards",
  "text": "Insurance and reinsurance undertakings shall document the design and operational details of their internal model.\nThe documentation shall demonstrate compliance with Articles 120 to 124.\nThe documentation shall provide a detailed outline of the theory, assumptions, and mathematical and empirical bases underlying the internal model.\nThe documentation shall indicate any circumstances under which the internal model does not work effectively.\nInsurance and reinsurance undertakings shall document all major changes to their internal model, as set out in Article 115.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2009/138/article/125",
    "retrieved_at": "2026-11-01T15:22:05.454940+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}