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Important Measures

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Amendments to the supplements to Articles 2 and 3 of “Standards for the Levy Rates of the Life and Non-life Insurance Guaranty Funds”

On January 3, 2020, the FSC amended the supplements to Articles 2 and 3 of the “Standards for the Levy Rates of the Life and Non-life Insurance Guaranty Funds.” The main amendments were to: (a) introduce new 2020 weightings for the management performance benchmark criteria that factor into the differential levy rates for the Life and Non-life Insurance Stabilization Funds; (b) introduce new 2020 applicability standards for some benchmark criteria; and (c) amend the differential levy rate standards applying to life insurance for disabled persons and to small amount whole life insurance.
Visitor: 195   Update: 2020-02-17