Social- och hälsovårdsministeriets förordning om en höjning av vissa belopp som anges i lagen om försäkringsbolag och lagen om försäkringsföreningar | 644 — Finland law | Esheria

Social- och hälsovårdsministeriets förordning om en höjning av vissa belopp som anges i lagen om försäkringsbolag och lagen om försäkringsföreningar

For non-life insurance companies carrying on direct insurance, the minimum guarantee amount is 3,700,000 euros for one referenced case and 2,500,000 euros for another.

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Jurisdiction
Finland
Instrument
Regulation
Citation
644
Version
Undated source snapshot
Language
sv
Updated
Official source
View official record ↗
calculation amounts capital requirements commencement guarantee amount guarantee amounts guarantee capital insurance associations repeal

Statute overview

About this statute

For non-life insurance companies carrying on direct insurance, the minimum guarantee amount is 3,700,000 euros for one referenced case and 2,500,000 euros for another. A life insurance company that conducts direct insurance has a minimum guarantee amount of 3,700,000 euro. The minimum guarantee amount is 1,200,000 euros for a captive reinsurance company and 3,750,000 euros for another reinsurance company that is not a captive company. This section sets two euro amounts that must be used in specified calculations under the insurance companies act. Large insurance associations covered by the cited rules must meet minimum guarantee amounts of 2,775,000 euros or 1,875,000 euros, depending on which point applies.

Available versions

  • Undated version · current

    fi

  • Undated version · current

    sv