gateVAG · INSURANCE DOMAIN DETERMINATION
SOLVENCY STATE IS NOT TRANSFER AUTHORITY.NOT TRANSFER AUTHORITY.
gateVAG determines encoded insurance, licence, capital, reserve, solvency and transfer conditions within a defined scope. The result is a domain state — not supervisory authority, not regulatory approval and not an Execution Right.
DOMAIN_DETERMINATION_ONLY = true · EXECUTION_AUTHORITY = false · EXECUTION_PERMISSION = false
DOMAIN ROLE
Determine, not approve.
LICENCE
Licence & undertaking state
Encoded states for licence, undertaking and defined supervisory scope.
SOLVENCY
Capital & reserves
Defined capital, reserve, SCR/MCR and time conditions.
TRANSFER
Portfolio & transfer conditions
Determines prerequisites and missing dependencies; does not itself approve a portfolio transfer.
CAN
- determine encoded VAG/Solvency II states
- surface missing capital, reserve, licence or time conditions
- provide evidence input for Execution Rights
CANNOT
- create supervisory authority or approvals
- replace BaFin, insurance supervisors or competent bodies
- mint an ExecutionCapabilityToken on its own
AUTHORITY · RULE · JURISDICTION · TIME · DEPENDENCY
GATE PASS IS NOT EXECUTION PERMISSION.
GATE PASS IS NOT EXECUTION PERMISSION.
