Regulatory Alerts2013-05-28
Added · Updated
Instruction No. 2013-I-03 of May 28, 2013 Establishing the Report on Guaranteed Minimum Rates - C23 (Repealed)
The Prudential Control Authority issued Instruction No. 2013-I-03 to require direct insurance companies to complete the 'Report on Guaranteed Minimum Rates - C23' as part of their annual detailed statements. This instruction mandates the use of a specific table defined by the Authority's General Secretariat to calculate technical interest ceilings and average rates served under Article A. 132-3 of the Insurance Code. The regulation entered into force on December 31, 2013, and was published in the Authority's official register.
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