Institutions applying for authorisation prepare an application including legal (formation of the institution, executives), technical and financial components
=> a provisional five-year programme of operations;
=> detailed projections showing forecast sales, technical results, net profit, loss expectancy, technical provisions, coverage of regulated liabilities and solvency margin;
=> a description of the activities in which the institution plans to engage (target customers, distribution methods, etc.), a description of the reinsurance programme and a breakdown of the technical resources to be put in place to manage business.
A specific procedure applies to reinsurance institutions, Swiss undertakings and undertakings whose registered office is not in a State that is a party to the EEA agreement.
Two copies of the completed application must be submitted to the Insurance Institutions Department, which may request further information or additional documents in view of the institution’s specific plans.
|Insurance Code||Mutual Insurance Code||Social Security Code|
|L 211-8 ; L 211-8-1 ; R 211-2||L 931-4 ; L931-4-1 ; R 931-2-1|
Updated on: 07/13/2017 15:50