Book traversal links for Article (4) Types of Insurance of Persons and Funds Accumulation Operations
Article (4) Types of Insurance of Persons and Funds Accumulation Operations
IA-BOD-RES 2/2009 Effective from 31/1/2010Insurance of persons and funds accumulation operations shall include the following:
- Life assurance of all types including among others all insurance operations designed to pay certain amounts of money in case of death, disability, reaching certain age or life assurance associated with investment vehicles.
- Health insurance of all types.
- Personal accident insurance associated with life assurance (all insurance operations against personal accidents done by the company in favor of the individuals holding life assurance policies of the same company).
- Funds accumulation operations (all operations the purpose of which formation of a capital to be paid in a specified date against a premium or periodic premiums without linking the same to life or death probabilities).