Regulatory Alerts2013-05-28
Added · Updated
Instruction No. 2013-I-05 of May 28, 2013, creating the statement on the provision for incurred but not reported claims - C24 (repealed)
The Prudential Control Authority issued Instruction No. 2013-I-05 to mandate the creation of a specific reporting statement, C24, regarding provisions for incurred but not reported claims. This requirement applies to direct insurance companies and French-based reinsurers offering guarantees subject to the calculation methods defined in the Insurance Code. The instruction establishes the technical modalities for this annual detailed report and entered into force on December 31, 2013.
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