#90-769Decree No 90-769 on Insurance Reporting and Tariff Regulations
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The decree no 90-769 establishes the procedural guidelines for insurance firms regarding reporting obligations and tariff regulations based on the law no 89-1009. It mandates that insurers send a financial report to business leaders after the approval of accounts, outlining various financial metrics related to insurance premiums and claims. Additionally, it limits the insurance tariffs applicable to certain individuals to not exceed 50% of those charged to active employees and clarifies compensation processes among multiple insurers.
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Key Changes
- Insurers must submit financial reports to business owners within two months of account approval.
- Insurance tariffs for specific individuals are capped at 50% above those for active employees.
- Provisions on indemnification processes among multiple insurers are defined, ensuring clarity in compensation claims.
Obligations
What this law requires
Insurance organizations must send a financial report to the business leader no later than 2 months after account approval and by August 31st following the fiscal year closure
Insurance tariffs applicable to persons covered under Article 4 of Law 89-1009 cannot exceed by more than 50% the global tariffs applicable to active employees
Financial report must include gross reinsurance premium or contribution amounts
Financial report must include gross reinsurance benefits paid amounts
Financial report must include gross technical provisions as of January 1st and December 31st of the fiscal year