EIOPA · 770
770
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2016-08-05
- Answered
- 2019-09-19
Question
I have a question regarding template S.27.01.01, "Largest liability limit provided" (cells number: C0090_R2700, C0090_R2710, C0090_R2720, C0090_R2730 and C0090_R2740).
If the undertaking provides unlimited cover, how should the above cells be filled out, and such that the cells meet the xbrl rules?
Answer
According to para. (3)(b) of article 133 of DR the “Largest liability limit provided” is used to calculate the number of claims. However, para. (c) says that where the insurance or reinsurance undertaking provides unlimited cover in liability risk group i, the number of claims ni is equal to one. This means that in this case the “Number of claims” (C0910) is 1 and the “Largest liability limit provided” (C0900) is not reported.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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