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UNSAR Adhesion

The Admission Procedure | The Frame Form | Technical Figures

THE UNSAR ADMISION PROCEDURE FOR INSURANCE AND REINSURANCE COMPANIES

1. The adhering company sends an application to the General Secretariat, to the attention of the Committee Board (the President). The application will be signed by the President or by the General Manager of that company.

2. In order to become an UNSAR member the criteria for admission are send by the General Secretariat to the adhering company.
- If the adhering company fulfills the criteria the procedure can continue with point no. 3.
- If the adhering company does not fulfill these criteria, the application is revoked and postponed until these criteria are fulfilled.

3. The UNSAR Secretariat will ask the adhering company to draw up the file and to fill in the Frame Form.
The file must contain the following:

a) The history of the company from the date of setting up until present;
b) The Company' Statute;
c) Constitutional Act (the shareholder structure and the social capital); Including the main changes of all these till present;
d) Incorporation Certificate;
a) Fiscal Registration Act;
b) ISC licence (and all changes in the activity object);
c) Specifically insurance classes;
d) The balance sheet and profit and loss account for the last three years;

The Frame Form will be given to the adhering company to be completed (upon the request of the company). Together with this form the company will receive the UNSAR's Statute and Code of Conduct. In the same time, UNSAR will inform the adhering company about the adhesion fees.

4. The adhering company's file will be handed in to the UNSAR's Secretariat.

5. The file will be presented in the Committee Board meeting and this will decide what ever supplementary information are required or if a person from the adhering company top management (President or General Manager) must be present to the next meeting.
- If YES, one or two persons from the company's top management will be invited to the next Committee Board meeting.
- If NOT it will be decided if the file will be recommended or not to the UNSAR's General Assembly; if the adhering company will not be recommended to the General Assembly the objective reasons for the denial or postponing will presented.

6. In respect with the supplementary information offered by the representatives of the adhering company at the next Committee Board meeting it will be decided if the adhering company will be recommended to the General Assembly.
- If YES, at the next General Assembly meeting the file of the adhering company will be recommended by Committee Board - this will be a distinct topic on the agenda (at this meeting will be invited the President or the General Manager of the adhering company).
- If NOT, objective reasons will be provided in order to explain the denial or the postponing the adhesion.

7. If the Committee Board recommend the adhering company to the General Assembly at the topic on the agenda named "Adhesion of the new companies", the UNSAR Secretariat will present at the meeting the Adhering Frame Form (and, if it is necessary some other information about the adhering company).
Following the debates within the General Assembly meeting it will be decided if the company is accepted as a fill rights member or not.
- If YES, in the same meeting it will be decided the adhesion fee and the annual contribution that will be paid for current year (it the fee will be paid 100% or only a percentage of x% from the annual contribution of each member for the current year according with the date of the adhesion) by the new UNSAR member
- If NOT, objective reasons for the denial or postponing adhesion (with remarks).

8. In case that the adhesion of the company was postponed - with remarks - by the Committee Board or by the General Assembly, the procedure will be resumed from point 5 of this procedure, asking for new information in order to complete the adhesion file upon the requests of the Committee Board or the General Assembly.

This procedure was approved by the Committee Board in the meeting of 17th September 1999.

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The Frame Form

FOR INSURAMCE AND REINSURANCE COMPANIES THAT WISH TO BECOME A UNSAR MEMBER

THE NAME AND LEGAL FORM:
HEADQUARTERS - ADDRESS: TELEPHONE: FAX:
PRESIDENT: GENERAL MANAGER: VICEPRESIDENT: DEPUTY GENERAL MANAGER: OTHER TOP MANAGEMENT POSITIONS:
THE EXPERIENCE IN INSURANCE FIELD OF THE TOP MANAGERS: - GENERAL MANAGER : - DEPUTY GENERAL MANAGER: - OTHER TOP MANAGEMENT POSITIONS:
THE DATE OF COMPANIEI'S INCORPORATION:
THE DATE OF THE BEGINNING OF ITS ACTIVITY:
FISCAL INDEX:
SOCIAL CAPITAL:
THE OBJECT OF ACTIVITY ACCORDING TO THE AUTHORITY OF ISC (Insurance Supervising Authority)
PORTFOLIO STRUCTURE [%]:
THE SHARE HOLDERS AND THE CAPITAL STRUCTURE:
STAFF STRUCTURE IN THE HEADQUARTERS: - DEVISIONS: - DEPARTMENTS: - etc.	NO. OF EMPLOYEES
THE COMPANY STRUCTURE IN THE FIELD: - REPRESENTATIONS OFFICES: - BRANCHES: - AGENCIES: - SUBSIDAIRIES:	NUMBER	NO. OF EMPLOYEES

PLEASE ANSWER TO THE FOLLOWING QUESTIONS:

1. What made you to apply to UNSAR in order to become a member?

2. Are you member of another union, association, organization with the same activity like UNSAR? (if YES, what association?)

YES NO

3. Do you have any kinds of contracts with one or more banks, by witch the back clients must conclude contracts with your company? (if yes, with what bank?)

YES NO

4. Your company is in a dispute with one or more clients because of non-payment of indemnities or any other motif? (if yes, with who and why?)

YES NO

	2002	2003	2004	2005
1.DISPUTES WITH THE CLIENTS (total, out of witch judged)
2. INDEMNITIES CLAIMED BY THE CLIENTS BUT NOT PAID: - value: * - no. of contracts:
3.PANDDING CASES **

* At 2, please explain the motive for the non-payment of the indemnities.
** At 3, please offer more explanations.

5. You will be able to collaborate if it is proved that you practice unfair competition.

YES NO

6. Do you agree with the UNSAR's Statute and its code of conduct?

YES NO

7. In which way you see the participation of your company at the UNSAR's activity?

8. From the information you held about UNSAR, what do you consider to be more useful for its members?

9. What do you consider that have to be done for the improvement of the UNSAR's activity, so this association could serve better the interests of its members?

10. How do you see the future collaboration between members?

PLEASE FILL IN THE ENCLOSED TABLE FOR EACH YEAR OF ACTIVITY AND ALSO, GIVE US THE FOLLOWING INFORMATION:

A. The maximum limit of own retention for each line of business.

B. The protection through reinsurance.

C. The last income tax declaration (in copy).

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Technical Figures - LIFE INSURANCE

Insurance Company................................................................
Technical results at 31.12......................................................

No.	Class of insurance	1.	1.a)	1.a).1.	1.a).2.	1.a).3	1.b)	1.c).	2.	3.	4.	5.	TOTAL
1	Gross written premium
2	Gross collected premium
3	Net premium reserves at 1 .01…..
4	Net premium reserves at 31.12……..
5	Ceded in reinsurance
6	Accepted reinsurance
7	Gross paid losses
8	Net paid losses
9	Loss net reserves at 1.01…..
10	Loss net reserves at 31.12…..

1.a).1. Life insurances: surviving insurance;

1.a).2. Life insurances: death insurance;

1.a).3. Life insurances: endowment life insurance;

1.b). Annuities (insurances rent types);

1.c). Supplementary life insurances containing: accidents bodily injury, invalidity related to the work accidents, insurance for death due to an accident;

2. Birth and marriage insurances;

3. Life insurances connected with investments for which the risk exposures transferred to the insured;

4. Permanent health insurances, administrated like the life insurances;

5. Capitalisation insurance, which contain: life insurance with single premium, insurance with regular premium;

Technical Figures - NON - LIFE INSURANCE

Insurance Company................................................................
Technical results at 31.12......................................................

No.

Class of insurance

TOTAL

Gross written premium

Gross collected premium

Net premium reserves at 1 .01…..

Net premium reserves at 31.12……..

Ceded in reinsurance

Accepted reinsurance

Gross paid losses

Net paid losses

Loss net reserves at 1.01…..

Loss net reserves at 31.12…..

a. Accidents and illness insurances inclusive of work accidents and professional disabilities for which material loss may be paid or in nature or joined (mixed)(money or in nature) as well as passengers bodily injury;

b. Health insurances for which material loss in money or in nature may be paid as well as joined (mixed) (financial or in nature)

c. Insurances for terrestrial means of transport other than rail, covering any loss sustained by the terrestrial motor vehicles or without motor;

d. Insurances for rail means of transport covering any loss sustained by the rail vehicles transporting passengers;

e. Aircraft insurances covering any loss suffered by the air vehicles flying to or from airport or transporting passengers and cargo.

f. Navigation means vehicles insurances covering any loss sustained by a marine, inland waters (river, lake), or navigable channels vehicle, built, manned and equipped to navigate, move or transport goods or persons or for performing technical works.

g. Insurance of goods in transit, inclusive of carried goods covering any loss sustained by the goods in transit or baggage, irrespective of the means of transport;

h. Fire or natural calamities insurances, covering any partial or total loss, other than those mentioned under points 3-7, caused by the fire, earthquake, flood, other natural calamities;

i. Other property insurances, covering any partial or total loss sustained by the property or goods insured, other than those mentioned under points 3-8, caused by hale or frost and other events;

j. Civil liability insurances referring to the domestic compulsory civil liability, for damage caused by the motor vehicles accidents and the outward motor civil liability, green card as well which covers any liability arising out of losses sustained by third parties as a result of vehicles' use, carrier's liability included;

k. Aviation civil liability covering any liability arising out of damages caused to Third parties by using the air vehicles, carrier's liability included;

l. Marine liability insurances to cover any liabilities arising out of losses sustained by third parties by using the marine, river, lakes or navigable channels 's vehicles, carrier liability included;

m. General civil liability covering any liabilities arising out of losses sustained by the third parties other than those mentioned under the points 10-12;

n. Credits and guaranties' insurances the object of which being the coverage of risks of general insolvability, credit for export, instalments sales, mortgaged credits, agricultural credit as well as direct or indirect guaranties;

o. Financial loss insurances covering risks of losses as a result of: using, income insufficiency, bad whether losses, losses of benefits, unforeseen commercial costs, keeping the general costs, loss of market value, loss of rent or other income, indirect commercial loss, other than those above mentioned as well as commercial or other financial losses;

p. Legal aid insurances having as a subject matter insured the legal costs or other services arising out from the insurance coverage like: loss recovery sustained by the insured by a civil or criminal proceeding, defending or representing the insured in a criminal, administrative proceeding or in a claim against the insured;

q. Tourist insurances covering the risk of assisting persons in distress during a journey or during this persons' s absence from home or the permanent residence.

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