ASF: Insurers To Pay Higher Contribution To Guarantee Fund Starting January 1, 2015

09.18.2014 By Ecaterina Craciun

Romania’s Financial Supervisory Authority has decided to increase, as of January 1, 2015, the contribution paid by insurance firms to the guarantee fund of insurers (FGA) because damage payments and technical reserves related to high-risk policies rose at a faster pace than underwritten premiums.

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Keywords:
ASF
, GUARANTEE FUND
, CONTRIBUTION