circular

Publication de la lettre circulaire 23/7 du Commissariat aux Assurances portant modification de la lettre circulaire 23/5 du Commissariat aux Assurances relative au Reporting annuel des sociétés de courtage et des courtiers d’assurances ou de réassurances, personnes physiques

ID 22845

The CAA issued Circular Letter 23/7, which modifies Circular Letter 23/5 related to annual reporting for brokerage companies and insurance or reinsurance brokers.
This change is in response to potential confusion between premiums negotiated by brokers during the reference year and the amount of life insurance contracts taken out during the reference period. Specifically, Paragraph 5 of Part II, Letter A, point 2.6 of Circular Letter 23/5 has been removed.
Previously, Paragraph 5 stated that the amount reported on line „R0320“, column „C0010“ should be included in the amount reported on line „R0040“, column „C0020“ of module „CPR.C.0030.“ The modification aims to eliminate this potential source of confusion and ensure that the information provided in the annual reporting is accurate and transparent.
A consolidated version of Circular Letter 23/5 has also been made available in English. The present changes apply to the reporting starting from the 2022 reference year.

Other Features
accounting
AML
broker
CFT
companies
insurance
operational
process
reporting
risk
transparency
Date Published: 2023-04-19
Date Taking Effect: 2023-04-19
Regulatory Framework: Law on the insurance sector (LIS), AML/CFT Law
Regulatory Type: circular
Asset Management
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Asset Management
circular

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ID 22835
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