Spain: Financial Sector Assessment Program: Detailed Assessment of Observance of the IAIS Insurance Core Principles

June 14, 2006

Preview Citation

Format: Chicago

Spain: Financial Sector Assessment Program: Detailed Assessment of Observance of the IAIS Insurance Core Principles, (USA: International Monetary Fund, 2006) accessed November 7, 2024

Summary

This paper presents a detailed assessment of the observance of the Insurance Core Principles (ICP) of the International Association of Insurance Supervisors (IAIS) in Spain. The IMF, for their assessment, consulted the review of a self-assessment prepared by the General Directorate of Insurance and Pension Funds (DGSFP), comments from Private Insurance Organization and Supervision Law (LOSSP) and other secondary regulations on the insurance activity, and notes and presentations on several regulatory and supervisory issues. Also, discusses the recommended action plan and authorities’ response to the assessment.

Subject: Financial institutions, Financial regulation and supervision, Insurance, Insurance companies, Insurance Core Principles, Insurance supervision, Internal controls, Revenue administration

Keywords: Board of directors, CR, Europe, Global, Insurance, Insurance companies, Insurance Core Principles, Insurance market, Insurance supervision, Insurance supervision, Internal controls, ISCR, Life insurer, Nonlife insurance business, Supervisory authority

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/219
Stock No:

1ESPEA2006010
ISBN:

9781451812213
ISSN:

1934-7685

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