Regulatory Alerts2015-01-01
Decree No 8/2015 on Methods for Proving Compliance for Insurance and Reinsurance Authorisation
Národná banka Slovenska issued Decree No 8/2015 to establish precise documentation requirements for entities seeking authorization to conduct insurance or reinsurance business. The decree mandates applicants to submit comprehensive evidence of share capital provenance, qualifying shareholder profiles, fit-and-proper assessments for key management personnel, and proof of a Slovak registered office. It further requires detailed three-year business plans, solvency and capital projections, and transparent organizational charts to demonstrate ongoing financial viability and corporate governance compliance.
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