Social- och hälsovårdsministeriets förordning om en höjning av vissa belopp som anges i lagen om försäkringsbolag och lagen om försäkringsföreningar | 1053 — Finland law | Esheria

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

The provision sets minimum guarantee amounts for non-life insurance companies: 3,200,000 euros for one referenced category and 2,200,000 euros for another.

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Jurisdiction
Finland
Instrument
Regulation
Citation
1053
Version
Undated source snapshot
Language
sv
Official source
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capital calculation capital requirements commencement garantibelopp guarantee amount insurance company capital kapitalkrav

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Statute overview

About this statute

The provision sets minimum guarantee amounts for non-life insurance companies: 3,200,000 euros for one referenced category and 2,200,000 euros for another. Life insurance companies covered by the cited law must have a minimum guarantee amount of 3,200,000 euros. This provision sets two euro amounts that must be used in specified calculations of operating capital. Large insurance associations have minimum guarantee amounts of 2,400,000 euros or 1,650,000 euros, depending on the referenced point. Small insurance associations must calculate a minimum business capital of 90,000 euros plus 24% of the average premium income from the last three financial periods.

Available versions

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    fi

  • Undated version · current

    fi

  • Undated version · current

    sv