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Minimal requirements to capital volume
200 million it for life insurance and 400 million it for
Minimum of 22 million crones for property and responsibility insurance and 60
Million crones for life insurance or higher norms on demand
The regulating authorities. The increase in these norms Is supposed.
At life insurance - 250 million Forints the authorised capital and 100 million -
Should be completely paid cash by the time of registration
Also makes the sum equivalent
200 thousand Ekju for insurance of property and 800 thousand Ekju for insurance
From 100 thousand BTN (an index of the state obligations)
Local authorities have the right to increase these requirements
Minimum of 45 thousand DU (unit of an index of development) that made nearby 1
Mln. dollars in 1991 60 thousand dollars for - overcautious persons
Deposition minimal requirements
3 % from the minimum size of the capital plus of 0,1 % for each kind insurance
Now 10 million crones, but this requirement it will be cancelled
The insurers who are letting out policies, nominated in indexes, carry out
Minimal requirements to solvency
The insurer should have accessible liquid actives at the rate from 200 million
- . At property insurance - to 600 million it for insurers,
Carrying out life insurance
Such requirements it is planned to establish
It is required to hold 40 % of technical reserves in cash, deposits
Bank or short-term governmental securities within one
It is required to have the size of the capital and free reserves in volume of 18 % from
Volume of the collected awards, and deduction at least, at a rate of 10 % from
Net-award on reinsurance
It is necessary, that a net wealth made more than 20 % from average volume
Collected net-awards for the last three years of activity
There is an indicator of the relation of obligations to own capital 15:1
For the insurers who are carrying out life insurance, and 5:1 - for the rest
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