(as defined under Paragraph CA-2.1.15)

For the purposes of Paragraph CA-2.1.14 the reference period for all classes of business will be the three most recent financial years up to and including the current financial year. In the case of insurance contracts covering severe weather conditions, hail and storm damage, that in aggregate represent more than 50% of the insurance firm's business, the reference period will be seven financial years up to and including the current financial year.