Regulations Governing Enrollment in Postal Simple Life Insurance Policies Article 34

When the General Measurement Model or Variable Fee Approach is applied to a contract group, a compensation reserve shall be set up based on the claimed liabilities measured.Claimed liabilities referred to in the preceding paragraph are the cash flows calculated in accordance with the regulations of IFRS 17 and based on the actuarial assumptions stipulated in Articles 28 and 29; such cash flows were allocated to the contract group on the valuation date and related to past services.