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The document ceased to be valid since July 2, 2018 according to Item 3.2 of the Instruction of the Central bank of the Russian Federation of March 14, 2018 No. 4736-U

It is registered

Ministry of Justice

Russian Federation

On February 26, 2016 No. 41232

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 18, 2016 No. 3935-U

About procedure Bank of Russia of monitoring of activities of insurers

(as amended of the Instruction of the Central bank of the Russian Federation of 21.11.2016 No. 4207-U)

This Instruction based on Item 5.1 of article 30 of the Law of the Russian Federation of November 27, 1992 No. 4015-1 "About the organization of insurance case in the Russian Federation" (Sheets of the Congress of People's Deputies of the Russian Federation and the Supreme Council of the Russian Federation, 1993, No. 2, Art. 56; Russian Federation Code, 1998, No. 1, Art. 4; 1999, No. 47, Art. 5622; 2002, No. 12, Art. 1093; No. 18, Art. 1721; 2003, No. 50, Art. 4855, Art. 4858; 2004, No. 30, Art. 3085; 2005, No. 10, Art. 760; No. 30, Art. 3101, Art. 3115; 2007, No. 22, Art. 2563; No. 46, Art. 5552; No. 49, Art. 6048; 2009, No. 44, Art. 5172; 2010, No. 17, Art. 1988; No. 31, Art. 4195; No. 49, Art. 6409; 2011, No. 30, Art. 4584; No. 49, Art. 7040; 2012, No. 53, Art. 7592; 2013, No. 26, Art. 3207; No. 30, Art. 4067; No. 52, Art. 6975; 2014, No. 23, Art. 2934; No. 30, Art. 4224; No. 45, Art. 6154; 2015, No. 10, Art. 1409; No. 27, Art. 3946, Art. 4001; No. 29, Art. 4385; No. 48, the Art. 6715) (further - the Law of the Russian Federation "About the organization of insurance case in the Russian Federation") and the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157, No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348; No. 41, Art. 5639; No. 48, Art. 6699; "The official Internet portal of legal information" (www.pravo.gov.ru), on December 29, 2015, on December 30, 2015) establishes procedure the Bank of Russia of monitoring of activities of insurers using financial performance (coefficients) characterizing financial position of insurers and their resistance to internal and external factors of risk (further - financial performance (coefficients).

Chapter 1. General provisions

1.1. Monitoring of activities of insurers is performed on the basis of the accounting (financial) records represented to the Bank of Russia and the reporting according to the procedure of supervision of insurers, and also other information, available the Bank of Russia.

Monitoring of activities of newly created insurers (except for reorganized) is performed from the date of submission to the Bank of Russia of the first annual accounting (financial) accounts and the reporting according to the procedure of supervision of insurers.

1.2. Monitoring of activities of insurers is performed by assessment:

own means (capital) and borrowed funds (except for societies of mutual insurance);

profitability;

qualities and liquidities of assets;

qualities of underwriting;

reinsurance transactions;

loudspeakers of the main financial performance of the insurer;

ratios of own means (capital) and undertaken obligations (except for societies of mutual insurance).

1.3. Calculation of financial performance (coefficients) is perfromed by the Bank of Russia according to this Instruction at least once a quarter.

1.4. Data of monitoring of activities of insurers can be used by the curator of insurance company in case of execution of the obligations according to the Provision of the Bank of Russia of December 22, 2014 No. 447-P "About curators of insurance companies", the registered Ministry of Justice of the Russian Federation on May 12, 2015 No. 37236 ("the Bulletin of the Bank of Russia" of May 20, 2015 No. 44).

1.5. Data on values of financial performance (coefficients) of the insurer are data of limited access and are not subject to disclosure to the third parties.

1.6. Action of this Instruction does not extend to medical insurance companies regarding transactions on compulsory medical insurance.

Chapter 2. Calculation of financial performance (coefficients)

2.1. Assessment of own means (capital) and borrowed funds is performed by results of calculation of the following financial performance (coefficients) (further - group of indicators of assessment of own means (capital) and borrowed funds):

earned premium to own means (capital);

relative capitalization of insurance company;

sufficiency of own means (capital);

ratios of not insurance bonds and own means (capital) of insurance company;

accounts payable shares.

2.1.1. Indicator of earned premium to own means (capital) (the PK1) is determined as percentage of the earned insurance premiums - net - reinsurance to own means (capital) (except for the insurers performing life insurance) on formula:

 

Формула 2-1-1 к Указанию ЦБ РФ от 18.01.2016 г. №3935-У

where:

Zspnetto-perestrakh - the earned insurance premiums - net - reinsurance for the last twelve months, preceding reporting date;

To - own funds (capital) for reporting date.

2.1.2. Indicator of relative capitalization of insurance company (the PK2) is determined as percentage of own means (capital) to the total amount of liabilities by formula:

 

Формула 2-1-2 к Указанию ЦБ РФ от 18.01.2016 г. №3935-У

where:

To - own funds (capital) for reporting date;

П - total amount of liabilities on reporting date.

2.1.3. Indicator of sufficiency of own means (capital) (the PK3) is determined as percentage of own means (capital) to the size of reserves of losses less share of overcautious persons in reserves of losses by formula:

 

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