+SECTION 8 Contents of the notes on the accounts
---+Article 63
---+Article 64

SECTION 8 Contents of the notes on the accounts

SECTION 8 Contents of the notes on the accounts

1. Übersicht

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Article 63

Article 63

In place of the information provided for in Article 43 (1) (8) of Directive 78/660/EEC, insurance undertakings shall provide the following particulars:

I. As regards non-life insurance, the notes on the accounts shall disclose:

1. gross premiums written;

2. gross premiums earned;

3. gross claims charges;

4. gross operating expenses;

5. the reinsurance balance.

These amounts shall be shown broken down between direct insurance and reinsurance acceptances, if reinsurance acceptances amount to 10 % or more of gross premiums written, and then within direct insurance into the following groups of classes:

— accident and health,

— motor, third-party liability,

— motor, other classes,

— marine, aviation and transport,

— fire and other damage to property,

— third-party liability,

— credit and suretyship,

— legal expenses,

— assistance,

— miscellaneous.

The breakdown into groups of classes within direct insurance shall not be required where the amount of the gross premiums written in direct insurance for the group in question does not exceed ECU 10 million. However, undertakings shall in any case disclose the amounts relating to the three largest groups of classes in their business.

II. As regards life assurance, the notes on the accounts shall disclose:

1. gross premiums written, broken down between direct insurance and reinsurance acceptances, if reinsurance acceptances amount to 10 % or more of gross premiums written, and then within direct insurance to indicate:

(a) 

(i) individual premiums;

(ii) premiums under group contracts;

(b) 

(i) periodic premiums;

(ii) single premiums;

(c) 

(i) premiums from non-bonus contracts;

(ii) premiums from bonus contracts;

(iii) premiums from contracts where the investment risk is borne by policyholders.

Disclosure of the figure relating to (a), (b) or (c) shall not be required where it does not exceed 10 % of the gross premiums written in direct insurance;

2. the reinsurance balance;

III. In the case covered by Article 33 (4), gross premiums broken down between life assurance and non-life insurance.

IV. In all cases, the total gross direct insurance premiums resulting from contracts concluded by the insurance undertaking

— in the Member State of its head office,

— in the other Member States, and

— in other countries,

except that disclosure of the figure relating to the above shall not be required if they do not exceed 5 % of total gross premiums.
Article 64

Article 64

In the notes on their accounts insurance undertakings shall disclose the total amount of commissions for direct insurance business taken into the accounts for the financial year. This requirement shall cover commissions of any kind, and in particular acquisition, renewal, collection and portfolio management commissions.

1.1 Referenzen

1.2 Identifizierte Anforderungen

1.3 Zugehörige Standards

2. Identifizierte Anforderungen

Anforderungen

3. Zugehörige Standards

Standards