ASF proposes increasing contribution rate of FGA for general insurance companies
Publicat:The Financial Supervisory Authority (ASF) proposes increasing contribution rate to the Policyholders Guarantee Fund (FGA) for general insurance companies, by 1.5 percentage points from the current level, according to a draft standard regarding contribution rates owed by FGA insurers, published on Wednesday.
"For the year 2022, the contribution rate for general insurance is 2.5%; the share is applied on volumes of gross premiums received starting with February 2022 from the direct insurance activity related to general insurance", the document mentions.
According to the draft's presentation…
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