of September 13, 2007 No. 132
About procedure of payments of the size of equity of insurance companies
Based on the paragraph of the fifth subitem 2.5 of Item 2 of article 12 of the Law of the Republic of Belarus of January 5, 2024 No. 344-Z "About insurance activity" and Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:
Approve the Instruction about procedure of payments of the size of equity of insurance companies it (is applied).
Minister
N.P.Korbut
Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of September 13, 2007 No. 132
1. This Instruction establishes procedure of payments of the size of equity of insurance companies for the purpose of determination of capability of insurance company to fulfill insurance bonds and calculations of the standard rate of the agreement responsibility of the voluntary insurance (joint insurance, reinsurance) which is not relating to life insurance.
2. For calculation of the size of equity are used this to accounting records of insurance company.
3. The equity represents the settlement size consisting of the amount of means of funds and reserves of insurance company, free from future obligations, except for rights to claim of owners of property (founders, participants).
4. The equity includes the amounts of authorized fund, additional fund, reserve fund, retained earnings of last years and accounting year less uncovered losses and is calculated in form according to appendix.
5. The authorized capital is determined as difference between the size of authorized fund reflected in liability of the balance sheet under the article "Authorized capital" and its parts reflected in liability of the balance sheet under the articles "Unpaid Part of the Authorized Capital", "Own Shares (Share in the Authorized Capital)".
6. The additional fund is determined as difference between the size of the additional fund reflected in liability of the balance sheet under the article "Added capital" and size of additional fund in surplus amount (revaluation) of cost of the real estate objects acquired at the expense of means of insurance reserves, other funds formed by insurance companies for accomplishment of the obligations.
7. The reserve fund is determined as difference between the size of the reserve fund reflected in liability of the balance sheet under the article "Reserve capital" and size of reserve fund of the salary.
8. The retained earnings (uncovered loss) correspond to the amount of the sizes reflected in liability of the balance sheet under the articles "Net Profit (Loss) of the Accounting Period" and "Retained Earnings (Uncovered Loss)".
9. It is excluded
10. It is excluded
11. No. 8 is excluded according to the Resolution of the Ministry of Finance of the Republic of Belarus of 10.02.2012
to the Instruction about procedure of payments of the size of equity of insurance companies
Form
Calculation of the size of equity of insurance company
on __________________ ____.
(Belarusian rubles)
Name of indicator |
Code of line |
By the end of the reporting period |
Authorized capital |
01 |
|
Added capital |
02 |
|
Reserve capital |
03 |
|
Net profit (loss) of the accounting period |
04 |
|
Retained earnings (uncovered loss) |
05 |
|
Equity (the amount of lines with 01 on 05) |
06 |
|
Head _______________ |
_________________________ |
(signature) |
(initials, surname) |
|
|
Chief accountant _______________ |
_________________________ |
(signature) |
(initials, surname) |
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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