In force

65Insurance, reinsurance and pension funding, except compulsory social security

Draudimo, perdraudimo ir pensijų lėšų kaupimo, išskyrus privalomąjį socialinį draudimą, veikla

Description

  • This division includes underwriting annuities, insurance policies (for example, direct life and non-life insurance) and investing premiums to build up a portfolio of financial assets to be used against future claims. Provision of direct insurance, pension funding and reinsurance are included.
  • This division excludes: - provision of insurance-related services on a fee or contract basis, see division 66

Codes in this division

This group includes life insurance with or without a substantial savings element and non-life insurance. · This group includes: - life insurance and life reinsurance with or without a substantial savings element and other non-life insurance - activities of insurance providers on own account - pooling and assuming insurance risks · This group also includes captive insurance activities. · This group excludes: - selling of insurance as a broker, see 66.22

This class includes: - term life insurance - permanent life insurance - underwriting annuities and life insurance policies, disability income insurance policies, accidental death, funeral and dismemberment insurance policies (with or without a substantial savings element) · This class also includes: - supplementary insurance underwritten in addition to life insurance, in particular, insurance against personal injury, including incapacity for employment, insurance against death resulting from an accident, and insurance against disability resulting from an accident or sickness - types of permanent health insurance not subject to cancellation

This class includes: - provision of insurance services other than life insurance: • accident insurance • medical and health insurance • travel insurance • fire and natural forces damage to property insurance • other damage to property insurance • motor vehicles, railway rolling stock, ships, aircraft and other transport insurance - freight insurance • financial loss and liability insurance - credit insurance - legal expenses insurance - income protection insurance - workers’ compensation insurance · This class excludes: - compulsory social security schemes, see 84.30

This class includes: - activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance providers · This class also includes: - activities of finite reinsurance

This class includes the provision of retirement income benefits exclusively for the sponsor’s employees or members and other insurance products regulated as employer-related funds. It includes pension plans with defined benefits as well as defined contributions. · This class includes: - provision of employee benefit plans - provision of pension funds and plans - provision of retirement plans · This class excludes: - management of pension funds, see 66.30 - compulsory social security schemes, see 84.30

Equivalents

  • EVRK 2.1 red.65In force
  • PKD 202565In force

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