EIOPA · 902
902
- Regulation
- Guidelines on reporting for financial stability purposes
- Article
- 35
- Submitted
- 2016-12-06
- Answered
- 2019-10-17
Question
How to understand "Contract groups should be considered look through on a best effort basis (if possible)" which is answer for question number 2 in "GL on financial stability Q&A"? Should we treat each policyholder in the group contract as one number of contract (then 1 group term contract for a company with 100 employees will be counted as 100 contracts under S.41)? or each one group contract as one contract?
Answer
If possible, look-through would imply the former (i.e. 100 contracts in the example given). However, this is only requested on a best-effort basis and is not a strict requirement as such look-through could be impractical or very cumbersome in some situations.
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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