Insurers OSAGO able to increase reserves due to the difference between expenditure and income

Russian insurers OSAGO from 1 January 2010 will be able to increase their reserves for stabilizing the difference between their income and expenses during the reporting period, exceeding 5% of the proceeds referred to in the materials of the Ministry of Finance. Ministry of Finance has made the appropriate changes to the rules of insurance reserves for insurance other than life insurance. "The excess of the insurer to increase the stabilization reserve CMTPL to achieve this provision limiting value equal to 10% the size of the reserve for incurred but not reported claims CMTPL at the end of the reporting period," - said in the order department. Portal Bank.ru Materials Rihanna.