Compliance with solvency standards
Article 25 of the 2007 federal law number 6 provides local insurers with a five-year period to comply with the new solvency regulations. This article provides, especially, for the splitting of life and non-life insurance activities. As companies failed to comply with the cut-off date of August 28, the authorities decided to extend by three years the transitional period.
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Thu, 04/04/2013 - 15:07
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