FFFS 2015:23

Regulations amending Finansinspektionen’s regulations and general guidelines (FFFS 2013:8) regarding standard regulations for non-life insurance undertakings’ calculation of contingency reserves

In force from 2016-01-01 , amending FFFS 2013:8

Summary

The amendments entail that the maximum provision to the contingency reserve may no longer be calculated as three times the highest actual retention for an individual risk and the group rule is removed. The aim is to ensure that the size of the contingency reserve corresponds to the risks in the operations conducted by the undertaking and prevents the reserve from being used for purposes other than those intended.

The regulations enter into force on 1 January 2016. amendment 2015:23

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