CBFA_2010_31 / Periodic Reports "CSSR"

rue du Congrès 12-14 | 1000 Bruxelles t +32 2 220 59 49| f +32 2 220 58 19 | www.cbfa.be Circular CBFA_2010_31 of 21 December 2010 Periodic Reports "CSSR" of Insurance Companies Scope:
Insurance companies subject to the law of 9 July 1975 on the supervision of insurance companies.
Summary/Objectives:
This circular determines the numerical data (transmitted via the "CSSR" system) that insurance companies must submit to the CBFA, as well as their transmission deadlines. Madam, Sir,

1. Legal and Regulatory Framework
   The periodic statements of insurance companies are governed by Article 22, § 3 of the law of 9 July 1975 on the supervision of insurance companies. This circular aims to determine the various quantitative reports intended for the CBFA. This circular therefore only deals with data transmitted via the CSSR system (see below). This circular is structured in such a way that it presents the various reports in order of frequency (annual, semi-annual and quarterly) for active companies, on the one hand, and, for companies that are no longer authorized but are liquidating an insurance portfolio or technical liabilities (hereinafter "run-off companies"), on the other.
2. The "CSSR" System
   Quantitative data is transmitted to the CBFA via the CSSR (Central Server for Statistical Reporting) system, a system made available by the National Bank of Belgium. This CSSR application allows companies to complete declaration forms either by entering data directly or by downloading files. Data collection takes place on the dedicated BNB website (http://www.nbb.be/cssr), via "e-mail", "file-upload" or "web-form". The choice of transmission channel(s) for "reporting" is left to the reporting companies (for example, for the same company, some tables may be transmitted via "e-mail", others via "web-form").

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CBFA rue du Congrès 12-14 | 1000 Bruxelles t +32 2 220 59 49| f +32 2 220 58 19 | www.cbfa.be
3. Reports and Deadlines
The "CSSR" data required by the CBFA are as follows:

Reporting	Frequency	Date of Submission
Annual Accounts	Annual	3 weeks before the date of the general meeting and no later than 30 April
Solvency Margin; Solvency Margin Adjusted; Statistics; Profitability Table "Life"; Representative Values	Semi-annual	Last day of the month following the completed semester (31 July and 31 January)
Solvency Margins (quarterly), adjusted solvency margin (quarterly), summary accounts and representative values	Quarterly	Last day of the month following the completed quarter (30 April, 31 July, 31 October, 31 January)

The annexes CBFA_2010_31-1 and CBFA_2010_31-2 of this circular detail the reports mentioned above for authorized companies on the one hand (annex CBFA_2010_31-1) and for run-off companies on the other hand (annex CBFA_2010_31-2). The submission dates determined above cannot in any way influence the internal data validation procedures nor the organization of the audit work by the auditors.
4. Validation Tests
The data transmitted via the CSSR application are subject to automatic validation. This validation report is accessible to both the declarant and the CBFA. The complete list of validation tests relating to annual accounts, solvency margin 1, representative values and statistics as well as tests on information sent quarterly (quarterly statements, representative values and solvency margin) is available on the CBFA website under the section:
Insurance and Reinsurance Companies => Circulars & Communications => Overview of Circulars and Communications => Periodic Information and Accounting Rules => Periodic Reports. This circular replaces and annuls Circular CBFA_2010_02 of 12 January 2010 on CSSR reporting and its two annexes CBFA_2010_02-1, CBFA_2010_02-2.

1 Companies under Swiss law with "non-life" activity do not need to take into account error messages relating to the "non-life" solvency margin.

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CBFA rue du Congrès 12-14 | 1000 Bruxelles t +32 2 220 59 49| f +32 2 220 58 19 | www.cbfa.be A copy of this circular is sent to the auditor(s), approved reviewer(s) of your company. We ask you to accept, Madam, Sir, the expression of our distinguished greetings. The President, Jean-Paul SERVAIS Annexes: - CBFA_2010_31-1 / Periodic Reports of Authorized Companies

• CBFA_2010_31-2 / Periodic Reports of Run-off Companies