Spain Act or statute

Spain legislation

Ley 20/2015, de 14 de julio, de ordenación, supervisión y solvencia de las entidades aseguradoras y reaseguradoras.

Las aseguradoras deben tomar medidas efectivas contra el fraude en seguros y pueden firmar convenios de colaboración con autoridades para prevenirlo e investigarlo. Certain Spain-domiciled insurer…

EU member state effectsEU services passportEuropean supervisory convergenceaccess to recordsaccounting informationaccounting rulesactas de inspecciónactuarial basesactuarial functionactuarial servicesadministrative advisory bodiesadministrative authorisationadministrative authorizationadministrative cooperationadministrative guaranteesadministrative offencesadministrative procedureadministrative proceduresadministrative sanctionsadministrative supervisionadvance paymentsadvertisingannual accountsannual reportingapplicable rulesapplication scopeappointment of mediatoraseguradorasasset and liability transferasset disposalasset disposal restrictionsasset managementasset registersasset valuationauditauditor obligationsauthorisationauthorisationsauthority approvalsauthorizationauthorization procedureauthorization revocationauthorizationsbank accountsbankruptcy procedurebankruptcy proceduresboard replacementbranch authorisationbranch commencementbranch compliancebranch operationsbranch regulationbranch supervisionbranchesbudget allocationbusiness expansionbusiness planningcalculation methodscapital adequacycapital requirementscapital restrictionschambers of commercecivil lawcivil liability insuranceclaims handlingclaims valuationclaims/fire-risk premiumsco-insurancecolaboración con autoridadescompany formationcompany namingcomplaints handlingcomplianceconcentración de riesgoconciertos con organismos públicosconfidential informationconfidentialityconsolidated accountsconsumer complaintsconsumer informationconsumer protectioncontract conditionscontrol especialcooperación entre autoridadescooperative insurancecooperativescorporate controlcorporate governancecorporate income taxcorporate participationcorporate restructuringcorporate sanctionscorporate successioncoverage limitscredit acquisitioncreditor prioritycreditorscreditors' meetingcriminal proceedingscross-border activitiescross-border activitycross-border applicabilitycross-border branch notificationcross-border branch supervisioncross-border data transfercross-border establishmentcross-border insurancecross-border insurance operationscross-border operationscross-border servicescross-border transfercross-reference handlingcréditoscumplimientocumplimiento normativocustomer complaintscustomer protectiondeadlinesdefinitionsdependency insurancederogationdirect compensation agreementsdisability-accessible informationdisclosure of informationdispute resolutiondissolutiondistributiondistribution of assetsdistribution of liquid assetsdividend distributiondivisiondocument accessdocument submissiondocumentación de actuaciones inspectoraseconomic interest groupingseconomic planningeffective dateselectronic communicationselectronic proceduresembargosemploymententity dissolutionequivalence assessmentestablishmentexpert appraisalfinancial conglomeratesfinancial monitoringfinancial planningfinancial recoveryfinancial remediationfinancial reportingfinancial solvency reportingfinancial supervisionfinancial thresholdsfinesfire service chargesfit and proper requirementsforeign insurersforeign subsidiariesfraude en segurosfree provision of servicesfund managementfundsfuneral insurancegender equalitygeneral meetinggestión de riesgosgobernanzagobierno corporativogovernancegovernance systemsgroup accountinggroup capitalgroup governancegroup internal model authorizationgroup risk managementgroup solvencygroup solvency calculationgroup solvency reportinggroup supervisionguaranteeshealth datahealth insurancehealthcare assistance agreementshousing constructionincome taxinformation collectioninformation disclosureinformation exchangeinformation sharinginscripciones registralesinsolvency/liquidationinspectioninspection powersinspection supervisioninspectionsinstitutional rolesinsuranceinsurance activitiesinsurance activityinsurance administrationinsurance and pensionsinsurance authorizationinsurance benefitsinsurance branch authorizationinsurance branchesinsurance claimsinsurance claims handlinginsurance companiesinsurance compensationinsurance complianceinsurance contractinginsurance contractsinsurance cooperativesinsurance distributioninsurance entitiesinsurance governanceinsurance groupsinsurance holdingsinsurance indemnificationinsurance insolvencyinsurance liquidationinsurance mediationinsurance operationsinsurance policiesinsurance portfolio transferinsurance pricinginsurance regulationinsurance reportinginsurance risk classificationinsurance servicesinsurance supervisioninsurance underwritinginsurance/reinsuranceinsurer management responsibilitiesinsurersinter-agency cooperationintercambio de informacióninternal auditinternal compliance systemsinternal controlinternal governanceinternal model approvalinternal modelsinternational relationsintra-group operationsinvestment managementinvestment policyinvestment strategy disclosurelabor claimslanguage requirementslegal formlegal personalitylegislative amendmentliabilityliability valuationlicensinglife insurancelimitation periodsliquidación de aseguradorasliquidationliquidation of insurersliquidation planliquidation prioritiesliquidation proceduresliquidation processliquidatorsmacroprudential supervisionmandatory insurancemarket accessmarket definitionmarket practicesmarket supervisionmarket transparencymediación de segurosmember entitlementsmember liabilitymember state cooperationmembership minimummercantile lawmergermerger and spin-off liabilityminimum capitalmotor vehicle liability insurancemutual insurancemutual insurance companiesmutualidadesmutualidades de previsión socialmutualitiesnon-resident income taxnonresident taxationnotificaciónnotificationnotification deadlineobligaciones tributariasoperaciones de segurooperaciones intragrupooutsourcingown fundsownership and controlownership change reportingpaymentspenaltiespenalty calculationpension fundspensions supervisionpersonal datapersonal data processingplanes de recuperaciónpolicy adaptationpolicy duration and renewalpolicy informationpolicy surchargespolicy termsportfolio transferpre-contract disclosurepremium ratespremium structurepremium tariffsprescriptionprestacionesprestación transfronteriza de serviciosprivate insuranceprocedimiento administrativoprocedural deadlinesprocedural lawprocedure hierarchyprofessional qualificationprohibited activitiesproperty rightsprovisional administrationprovisiones técnicasprudential supervisionpublic authority statuspublic financepublic financial informationpublic registerpublic registry noticesquarterly reportingreasegurosrecord keepingrecordkeepingrecovery planrecovery planningregistered officeregistrationregistry reportingreglamentaciónregulated acquisitionsregulated entitiesregulated marketsregulated personsregulatory accountingregulatory approvalregulatory authorityregulatory authorizationregulatory competenceregulatory complianceregulatory consultationregulatory documentationregulatory enforcementregulatory equivalenceregulatory exemptionregulatory feeregulatory incorporationregulatory information sharingregulatory inspectionregulatory interventionregulatory notificationregulatory procedureregulatory proportionalityregulatory registrationregulatory reportingregulatory rulemakingregulatory supervisionregulatory transitionregulatory updatesreinsurancereinsurance branchesreinsurance companiesreinsurance contractsreinsurance entitiesreinsurance operationsreinsurance regulationreinsurance risk managementreinsurance supervisionreinsurersrelated entitiesrepealsreportingreporting obligationsreserved termsresource reallocationretención fiscalrevocationrisk calculationrisk calibrationrisk concentrationrisk definitionsrisk disclosurerisk limitsrisk localisationrisk managementrisk transferrisk-based supervisionrisk-free interest ratesrulemakingsanation measuressancionessanction gradingsanctionssanctions compliancescope exclusionsscope of business activitiessecreto profesionalsegurosservice activity abroadshare acquisitionsshareholder disclosureshareholder engagementshareholdingshareholding notificationsshort-term financing measuressocial benefitssocial security alternativessocial welfare mutualssolvencysolvency assessmentsolvency capitalsolvency classificationsolvency controlsolvency oversightsolvency regimesolvency reportingspecial authorizationsspecial contributionsspecial control measuresspecial purpose entitiesstatistical reportingstatute amendmentsstructural modificationssubgrupos nacionalessupervisionsupervision of insurers and reinsurerssupervisión de gruposupervisión de segurossupervisión financierasupervisión regulatoriasupervisory approvalsupervisory authoritiessupervisory authoritysupervisory communicationsupervisory compliancesupervisory consultationsupervisory cooperationsupervisory coordinationsupervisory decision-makingsupervisory informationsupervisory information exchangesupervisory measuressupervisory method selectionsupervisory notificationsupervisory notificationssupervisory powerssupervisory processsupervisory reportingsupervisory transparencysurchargessurety insurancetaxestechnical documentationtechnical guidancetechnical provisionstemporary unions of companiesthird-country supervisiontrainingtransitional compliancetransitional measuretransitional regimetransitional rulesuse of reserved namesverificationvigencia temporalvoluntary disclosurevoting rightsvoting rights thresholdswithholdingwithholding tax

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“This provision states that the law regulates and supervises private insurance and reinsurance activity.”

Las aseguradoras deben tomar medidas efectivas contra el fraude en seguros y pueden firmar convenios de colaboración con autoridades para prevenirlo e investigarlo. Certain Spain-domiciled insurers may use a special solvency regime if they meet specified conditions; some lose it after repeated threshold breaches, and new applicants cannot use it at initial authorization. Las entidades de este capítulo deben ajustar su actuación a esta Ley y a su normativa de desarrollo, con las particularidades indicadas en el artículo. Las aseguradoras que actúen como abridoras en un coaseguro comunitario en España se rigen por las reglas del seguro de grandes riesgos; en ciertos casos, las obligaciones bajo libre prestación de servicios se aplican solo a la entidad abridora; y las entidades españolas participantes deben tener datos estadísticos suficientes. Si una aseguradora española participa en un coaseguro comunitario, debe calcular las provisiones técnicas de su participación y mantenerlas al menos al nivel indicado por las reglas aplicables a la entidad abridora.

02

How the instrument operates

  1. 01

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    Enacted 14 Jul 2015 · Published 15 Jul 2015 · Record updated 15 Jul 2015. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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03

Source and current-law status

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Source record from www.boe.es · Enacted 14 Jul 2015 · Published 15 Jul 2015 · Record updated 15 Jul 2015

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2 statute parts

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Showing 0 of 274 provisions

  1. Part 1Provisions 1–200
  2. Part 2Provisions 201–274

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  • Undated version · currentSpanish

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