Advanced Search

The Law On Insurance Business (Insurance)

Original Language Title: Lov om forsikringsvirksomhet (forsikringsvirksomhetsloven)

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

Law of the insurance business (insurance business law)

Date LO-2005--06-10-44
Ministry of Treasury
Last modified LO-2015 -04-10-17 from 01.01.2016, LAW-2015 -06-19-65 from 01.10.2015
Published In 2005 booklet 7
Istrontrecation 01.07.2006
Changing LAW-1988--06-10-39
Announcement 10.06.2005
Card title Insurance business law-missing.

Capital overview :

Lovens title modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350). Lovens card title modified by law 27 June 2008 No. 65 (ikr. 27 June 2008 ifg res. 27 June 2008 No. 750). -Jof. former law 10 June 1988 # 39 about insurance business. Jf. EES deal Attachment IX Part I Insurance and # 31 d (dir. 2003/41) and part V.

Chapter 1. Almemorial regulations

SECTION 1-1. Scope

The law applies to insurance enterprises and pension enterprises that run business in accordance with the Financial Affairs Act, unless otherwise follows by provision given in or in co-hold of this law.

The rules of chapter 6 about move also apply to banks and management companies for securities fund.

The king can decide that the law here shall apply to pension funds and can give closer rules about this.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 1-2. Geographic Scope

The law applies to the continental and on Svalbard, in the extent that nothing else follows of Norway's folklary obligations. The king determines in which extent the law is to be made current for Norway's economic zone and for Svalbard, Jan Mayen and the automotive countries.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 1-8.
SECTION 1-3. Exceptions from the law

The king can in the shonest case of avoidance insurance enterprises or pension enterprises, as well as some forms of business being driven by such enterprises, from one or more provisions of the law and can set terms for such exceptions.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).

Chapter 2. Pension and entry-gun enterprise

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 2-1. Pensionis. Pension Regulation

A retirement box is a self-made institution as mentioned in the Financial Business Act Section 7-2 third clause jf. SECTION 2-16.

As a pension arrangement in this chapter, collective retirement plan is considered in the Financial Business Act Section 2-16 other clauses.

0 Modified by laws 14 March 2008 No. 6 (ikr. 1 July 2008 ifg res. 14 March 2008 No. 250), 19 June 2009 # 59 (ikr. 1 July 2009 ifg res. 19 June 2009 # 691), 22 June 2012 No. 35 (ikr. 1 July 2014 ifg res. 22 June 2012 No. 1 566 and res. 13 des 2013 # 1449), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 2-2. Pensioners for more venture / employers

Presak, counties and other employers who have access to create joint pension arrangement following the venture pension bill Chapter 12, the entry-time law chapter 10 and service law Section 7-1 or this law of Section 4-2, may have such common pension arrangement in a retirement box (concert pension case). The claim of association in the venture pension law Section 12-1, the service law Section 7-1 and the entry-level Act Section 10-1 applies to the creation of pension funds for joint pension arrangement that is not relegated by these laws.

Two or more municipacies can be agreed to have their retirement arrangements in the same pension case (intermunicipal pension case). The provisions of Section 4-2 other and third joints apply accordingly.

Two or more independent enterprises can make a deal to have their retirement arrangements in the same pension box (joint pension case). The deal shall comply with the rules in Section 2-9 indicate :

a) which enterprises are retaken by the agreement,
b) The base capital of the joint pension and how large share each enterprise is to shoot into the joint pension and rules of duty until later to shoot into capital,
c) The joint suspension of the top organ with voting rights,
d) which forms of collective pension schemes that the joint pension will take over,
e) further regulations on the implications of the acquisition and merge of enterprises that have pension arrangement in the joint pension,
f) The termination deadline for enterprises that will three out of the deal, and rules about the adhall to rule out an enterprise from the joint pension box, as well as about the settlement in accordance with Section 2-9 fourth joints when an enterprise goes out of the joint suspension of the joint. Termination shall no matter be allowed to happen with three months notice of effect from the first-coming year-changing,
g) whether it should be used the same prize tariff or various prize tariffs for the different pension orders in the joint pension kit.

The king can give closer rules on pension arrangements and pension boxes as being retaken by the paragrafen here, herding the city of municipasers to have pension arrangement in intermunicipal pension and enterprise access to have retirement plan in joint pension box.

0 Modified by laws 15 June 2007 # 29 (ikr. 1 July 2007 ifg res. 15 June 2007 # 649), 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 7-2.
SECTION 2-3. Organisation of the business

A pensioners business and economic conditions shall be held legally separate from the business of employer, enterprise, association or other institution that has pension arrangement in the retirement box.

The board shall provide the defensible organization of the business in accordance with the provisions of the Financial Business Act Chapter 13.

The board can make deals on execution of insurance technology, registration of members and rights and other distinctive workloads that are reselected by the daily management of the business. Agreement on Capital Management can only be accessed by bank or life insurance enterprises that have access to running business here in the realm, as well as with securities companies, the management company of securities fund and stewards of alternative investment funds that have permission to run active management.

The board shall ensure that, at all times, in writing, the written decree of defensible Capital Management and shall discuss the guidelines at least each year. It shall be issued a statement of the investment strategy that includes methods of measurement and management of investment risk and allocation of assets seen in relation to pension commitment maps and duration.

0 Modified by laws 20 June 2014 # 28 (ikr. 1 July 2014 ifg res. 20 June 2014 # 785), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 7-7.
SECTION 2-4. The relationship with the pension orders and employer

The regulations of a pension arrangement are determined by agreement between the pension and employer. As an employer, here is also the mother company of the Group of Concerto, Munilities, Society and the governing organ in a federation's mission arrangement.

The provisions of collective pension schemes in law 16. June 1989 No. 69 if insurance deals apply to the equivalent of as far as they fit. Draft to the rule of regulations shall be of the parent's pension-based atuar to statement before the appointment of the appointment.

Employer, enterprise, or other institution with pension arrangement in the pension can shoot into new capital in the pension fund to ensure that the solididity of any time is justifiable and that the minimum requirements of capital and other capital are met. The same applies to employers associated with a federation policy arrangement.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 7-8.
SECTION 2-5. Actuar

A retirement box is to have an actuarias to conduct the necessary insurance techniques and examinations. The Aktusar shall be approved by the SEC.

The king can give closer rules on terms of terms for approval of actuarias and about actuariums, rights and duties, as well as if the adhall to use legal person as actuar.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 2-6. Almemorial rules for the business

The provisions of life insurance in Chapter 3 with its regulations apply to the equivalent of pension systems with permission to take over collective pension arrangements that are considered life insurance, unless otherwise determined in or in co-law.

For pension systems with permission to assume collective pension arrangements without insurance items apply to the provisions of Section 3-3, 3-11 to 3-13, 3-19 to 3-21, and 3-24 equivalent as far as they fit.

Should funds in a retirement fund are owned by its own investment portfolio, the agreement will determine how the portfolio should be composed, rules of admission to change the portfolio and other terms required.

The king can give closer rules about pension health care business, herding rules to the execution and the containment of the provisions of the paragrafen here.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 7-10.
SECTION 2-7. Information requirements

Members and retirees shall be underfixed on changes to the rule of regulations for their own pension arrangement.

Each year, individual member and retiree shall receive a task of information about the level of their upearned pension rights. It should also be briefed on the pension policy investment strategy if the result of capital management is of direct importance to the extent of the pension rights.

Members and retirees are due to be at the request of the request of the pensioner's annual account of the year-out. The same applies to accounting for its own pension arrangement if there are several pension schemes in the retirement box.

The king can determine further rules about information to be given to members and retirees.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 7-11.
SECTION 2-8. Concatenation, sharing and termination

Concatenation, sharing and termination of a retirement box can happen by the rules of the Financial Business Act Chapter 12 paragraph I or II. The king can determine closer rules about merging, sharing and termination.

The provisions of the venture pension law chapters 13, 14 and 15, the service law chapter 7 and the acquisition law chapters 11, 12 and 13 apply to as far as they fit, unless the King in his consent after the first clause determines others terms.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 7-12.
SECTION 2-9. Shonest rules of joint pension crate

The business of the establishment can at the unanimous decision to give a specific enterprise access to the agreement.

An enterprise has the right to three out of the joint pension chest in accordance with the provisions of the agreement, jf. Section 2-2 third clause letter f.

If an enterprise significantly defaulted on its obligations in the joint pension funds, the other enterprises can be able to rule out the enterprise from the joint pension and determine the cease-fire, jf. Section 2-2 third clause letter f.

When an enterprise should no longer have its retirement plan in the joint pension fund, the share of joint pension funds shall be linked to this enterprise at the settlement time, the enterprise is mapped. The company is also to be mapped out part of the equity in the joint pension chest at the exhibition time, calculated after the relationship between the premiernet or the retirement pension of the company's members and premieres and the retirement capacity of the all members of the joint pension kit. Moreover, the venture pension law applies Section 12-7, the service enact Act Section 7-1 and the shootout Act Section 10-5 fourth clause equivalent.

By merging several enterprises that are relegated by a joint pension fund, or of business in enterprises, the appointment of the state shall be subject to the voting and capital conditions adapted to the changing conditions. Corresponding applies to the sharing of enterprises that are retaken by the joint pension treasury.

0 Added by law 15 June 2007 # 29 (ikr. 1 July 2007 ifg res. 15 June 2007 # 649), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 7-13.
SECTION 2-10. Reinsurance

A retirement box is going to any time having reinsurance that is reassuring set in relation to pension health risk exposure and its financial position.

The board shall ensure that there were updated guidelines for the species and scope of pension insurance reinsurance and for these to be followed up.

0 Added by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 2-11. Requirements for organizing, business mv. in entry-gun enterprise

The provisions of Section 2-3, 2-4 except for different periods, 2-7 and 2-8 applies to the equivalent of entry-level enterprises as far as they fit.

The provisions of the Financial Business Act Section 16-9 and in this Law Section 3-3, 3-11 to 3-13, 3-20, 3-24 and Chapter 6 apply accordingly as far as they fit.

The king can give closer rules about the entry-to-gun organization and business, herding rules to the execution and the containment of the provisions of the paragrafen here.

0 Added by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).

Chapter 3. Collective and individual life insurance

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 3-1. Scope of scope and definitions

The provisions of this chapter apply to enterprises that provide collective life insurance, individual life insurance, or both, unless otherwise follows by the rules of municipal pension arrangements in chapter 4 or by the rules of joint arrangement for premiums for pension schemes with performance-based venture pension in Chapter 5.

As collective life insurance, collective pension arrangements are established in accordance with the enterprise pension law, the service law, or the entry-level, municipal pension schemes, as well as collective life insurance policies, group life insurance policies and other collective life insurance policies.

As an individual life insurance policy, life insurance policy is not collective life insurance.

The king can give closer rules to padding and containment of the provisions of the chapter here, herding closer rules for what should be counted as collective life insurance, municipal pension schemes, individual life insurance, free policy, pension evidence, pension-proof, continuation insurance, one-time paid assurances, contractual obligations and obligations related to the value of special investment portfolio.

0 Modified by laws 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-1.
SECTION 3-2. Skille between enterprise rules

If an enterprise that operates collective life insurance business, also operates individual life insurance business, applies to the rules in this chapter with its regulations for the overall business of the company, unless otherwise follows by other clauses.

The king can determine closer rules that will apply to the enterprises business related to individual life insurance contracts which have been reached before the time the provisions of the chapter here are taking effect, and as The venture has separated as its own portfolio. The company is going to be in such a result, taking its own account for this portfolio.

First and other clauses apply to the equivalent of an enterprise that only operates individual life insurance business.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-2.
SECTION 3-3. Pristariffer

The company is going to any time have price starpips for the calculation of prize for all of those products or product combinations that the enterprise offers. Pristarriffs should specify which overall settlement enterprise calculates to take over the different types of risks associated with, and to provide the various types of services that are part of, the different products and product combinations.

The company is supposed to be at determining the price of pristarriffs distinguish between :

a) price for coverage of risk related to person,
b) price for the management of funds related to the insurance contracts, herunder the risk of the return of the return result,
c) price of the management of funds in particular investment portfolio portfolio with investment choices, and in case of the return of the return guarantee related to the portfolio, and
d) price of administrative services.

Pristarriffs may determine that insurance holder, as well as calculated prize for the individual contract, shall pay a contract fee at the start of the insurance ratio, and a break fee if insurance holder ends the insurance relationship before The insurance time has expired. The king can give closer rules about the size of such fees, and make exceptions to the rule in the first period of collective life insurance policies. Beyond this, the enterprise may not require additions to prize estimated after current price starpips.

For free policy, pension evidence and pension capital evidence that stewards with investment choices, the enterprise can each year demand for administrative services after its own pristariff. For continuation insurance based on freepoliser, pension evidence or pension benefits shall price starpips for personal risk and for Management to respond to the price starriffs that lie to the appropriate freepolicy, pension evidence or The retirement piece of evidence. The king can give closer rules on price starpips for continuation insurance, herunder exceptions from the rule in the second period.

By the design of the price starriffs, the enterprise shall ensure that :

a) The enterprises of the company will stand in reasonable conditions to the risk that overtas and the services that are totes,
b) The enterprise premiums will be sufficient to provide security for the obligations of the obligations of the agreement of eight contracts being met, and will be reassuring from the enterprise's economy, and
c) it will not happen unreasonable difference processing between products, product combinations or customer groups.

The king can give closer rules on price starriffs. The king can also give closer rules on interest rates and other calculation items that the enterprise can take advantage of the design of price startups.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-3.
SECTION 3-4. Drive as factor by calculation of risk

The company can estimate gender as factor by calculating price for coverage of risk related to person and by calculation of prizes and benefits if gender is a grandstanding factor at the calculation of risk, and this is based on relevant and accurate actumessige and statistical data. Upon agreements on private and voluntary insurance policies outside of working conditions, the Applicability of gender as the factor of the calculation does not lead to differences in insurance stakeholder prizes and benefits.

0 Added by law 4 June 2010 # 20 (ikr. 4 June 2010 ifg. res. 4 June 2010 # 771), modified by laws 20 June 2014 # 29 (ikr. 1 jan 2015), see its XIX, 10 apr 2015 number 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-3a.
SECTION 3-5. Change of pristariffes

The company can change its price starpips, and should in that case determine from what time the new tariffs will apply.

In relation to the agreement of eight contracts, the enterprise cannot make the change current prior to the first ordinary premierdue at least four months after the insurance holder has received the subdirection of the established change.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-4.
SECTION 3-6. Calculation of prizes mv.

By estimation of prizes, the enterprise should take advantage of those at any time current price starriffs, unless otherwise follows by Section 3-5 other clauses. Demand for the payment of the prize should specify which records are involved in the calculation, and relationships of significance for the prize calculation.

The prize is to be calculated for one year at a time, and paid upfront every year unless it is agreed to term payment within the year.

The king can determine the shonest rules for calculation and payment of prize for one-time paid assurances.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-5.
SECTION 3-7. Meldeduty and supervision of pristariffes

The company is supposed to give message to the SEC about determined price starriffs and the principles of the design of tariffs. The same is true about the change of price starriffs. The king can give closer rules about the flour duty.

The SEC shall bring control to claim that the price starriffs used are in compliance with the rules granted in or in co-Section 3-3 to 3-5, and that the prize calculation occurs in accordance with the rules of Section 3-6.

The SEC can ban the use of price startups that the SEC finds is unreassuring or unreasonable.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-6.
SECTION 3-8. Insurance

In the lives of the lives and pension insurance, the enterprise should bring its own customer term for each contract with the overview of the insurance company. The Insurance Capital associated with a contract should consist of premieres, pension capital, premium funds, premiums, pension funds, pension funds, pension funds, regulatory fund, and buffer defunder.

0 Added by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified by law 4 des 2015 # 96 (ikr. 1 jan 2016 ifg. res. 4 des 2015 # 1399).
SECTION 3-9. Premiererve related to contractual obligations

The premise of the contractual obligations shall be calculated with the starting point of the contract in the contract insurance technology-based premiums. The premise of the Premier shall make the difference between the present value of the enterprise's future obligations and the present value of the enterprise's future online opremier. Additional performance as a result of the added surplus is considered. Net remier is prize calculated as indicated in Section 3-6, with deductions for the price of administrative services and price of Management.

Endres the prize calculation interest or the biometric prerequisites that lie to the premise calculation, the premise reserve is calculated for obligations that occur after the change on the basis of the new calculation interest or new biometric the calculation basis.

The Premier's reserve shall each year be attributed to the savings portion of the year's prize, annual return in accordance with the premise of the prize, and the amount that after the calculation basis annually shall be attributed to the premise of the prize as a result of the venture. The commitment of insured that has died over the course of the year has been dropped. The Premier of the Premier is also to be attributed to earnings by the rules of Section 3-18. Until the waiver comes liberations of the prize-winning basis among other things as a result of payouts.

In the course of the year, insurance traps that provide the right to payout of unbirth benefits or benefits to the aftermath shall be attributed to an amount that fully corresponds to the present value of the enterprises future obligations.

The Premier of the Premier is to be mapped out individual contracts and the insured on the basis of the enterprise's obligations.

The king can determine further rules about the calculation of the prize reserve, herunder about interest rate for use at the calculation.

0 Added by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 3-10. Premier reserve for obligations related to special investment portfolio

The pension capital where the obligations relate to the value of special investment portfolio shall at any time counter the value of the investment portfolio that is mapped to the contract. The share of earnings on the risk result is co-count.

If a pension arrangement or contract without contract-determined retirement performance grants the right to contractual or post-lateral benefits, it shall be calculated premierment for such obligations following the rules in Section 3-9 and 3-19.

0 Added by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 3-11. Share of the Management Department of Management

The management of the Consumer Company shall be divided into the collective portfolio, investment portfolio and company portfolio. Each of the portfolio can be divided into several subportfolio.

Eienparts who counter insurance capital related to enterprises contracts with contractual obligations shall be cut into the collective portfolio. As contractual obligations, obligations are considered not related to the value of special investment portfolio.

EienParts who counterrespond insurance capital related to the value of particular investment portfolio managers should be made in the investment portfolio.

EienParts who counter insurance capital related to contractual and post-lateral commitments shall be cut into the collective portfolio even if funds related to age pension charges are placed in particular investment portfolio. This still does not apply when insurance capital related to the contractual and post-lateral obligations are managed in the investment portfolio by the rules of the venture pension law Section 11-1.

Eienparts that do not part in the collective portfolio or investment portfolio should be included in the company portfolio.

Premium funds, the pension funds, the pension fund, pension regulatory funds and regulatory funds are deemed here as part of the portfolio of the other funds related to the contract, unless it follows the contract that the funds in the fund should be placed differently.

By choice of belongings to the various portfolio, and by changing the composition of portfolio, the enterprise shall comply with the requirements of good business custom and ensure that it does not occur unreasonable difference processing customers. The company is supposed to have guidelines for selection of assets and change of portfolio decisions to avoid the conflict of interest between customers and customer groups or between customers and the enterprise. In the case of conflict of interest between customers and the enterprise, the regard to customers should go ahead.

The company is supposed to create a system for registration of which belongings as at any time are part of the various portfolio.

The rules of the paragrafen here are not an obstacle to the enterprise establishing an arrangement for overall capital management.

The SEC can, in accordance with the provisions of this paragrafen, hit the decision on which portfolio a contract, and funds that contravened a statement, shall be cut into.

The king can give regulation to the padding of the rules of the paragrafen here.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-7.
SECTION 3-12. Prevalence of the portfolio

The midsize of the collection portfolio can be managed in separate parts determined from the enterprises ' risk of the return result.

The funds of the investment portfolio should be placed in particular investment portfolio portfolio for each contract in the investment portfolio in accordance with the requirements following the contract between the enterprise and the policy holder and in accordance with rules granted in or in co-hold of law.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-8.
SECTION 3-13. Mapping the yield. Overshot

Return on the management of funds placed in the collection portfolio shall annually be divided between the contracts that are retaken. The judice has been made after the relationship between the insurance capital associated with each of the contracts.

Return of the contract shall be after deductions for mapping in accordance with the calculation basis of the contract and in case of additional statements after Section 3-19 maps the contract as a surplus on the return result. Similarly, the mapping of the return of funds corresponding to the prize funds, the deficit funds, the pension fund, pension fund and regulatory fund. The disposal of funds in the risk equalization fund is mapped to this fund.

Return on the management of funds placed in particular investment portfolio should annually be mapped to the contract portfolio is associated. Is it associated with the return guarantee of an investment portfolio, guaranteed return that is not covered by achieved returns is covered by the insurance enterprise. Similarly, the mapping of the return of funds in the prize funds, the pension funds, the pension fund, pension regulatory funds or regulatory fund management in particular investment portfolio.

The disposal of funds that are refunded by the company portfolio shall annually be mapped to the enterprise.

The property is to be valued in accordance with the rules given in the year-end accounting for insurance enterprises.

The king can in regulation give closer rules about the valuation of assets.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-9.
SECTION 3-14. Overshot at risk result

The company is supposed to each year calculate the risk result of each group of pension schemes, other collective arrangements or contracts, and individual contracts including free policy, pension evidence and pension evidence.

As a surplus, they count on advance calculated risk reductions following the current premiums basis for a group of deductions for the actual risk costs of the group. It shall at the calculation away from the profit for the enterprise built into the price starriffs for risk related to person.

Overshot on the risk result should be annually distributed between the individual contracts in each group following the relationship between the risk-remier payments paid for the individual contract. The company can still decide that until half of this year's overall surplus on the risk result is to be set to the risk-level fund.

The king can give closer rules that certain types of contracts can be exemptute from the provisions of the first to third clause.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-10.
SECTION 3-15. Governance of premiererve

The company can, with the consent of the SEC, take advantage of the entire year's earnings after Section 3-13 first joints and Section 3-14 to increase the premieres of insurance obligations associated with the contracts profits otherwise should be mapped.

The SEC can provide an enterprise consent to, in a set number of years, to manage annual earnings in accordance with the first clause, according to a plan that must be the Financial SEC. The SEC can set as terms for the consent of the company to transfer an amount from the company's company to the premieres of the prize.

When the envision of the solididity or flight court dictates it, the SEC can provide the enterprise to take advantage of the whole or part of the profits as indicated in the first and other clause.

Overshot being applied by the rules in the first to third clause shall be attributed to the premierese of the individual contracts.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-11.
SECTION 3-16. Overshot mapped free policy, pension evidence and pension-proof of contractual obligations

The provisions of the paragrafen here apply to the applicability of earnings after Section 3-13 first and other clause mapped free policy, pension evidence and pension proof of contractual obligations. The king may in regulation determine that the provisions of the paractment here are also to apply to other types of contracts.

Are enterprises's risk result negatively for a group of contracts, the contract's share of risk result can be covered by deductions in earnings on the return result mapped the contract.

The company has the right to up to 20 percent of the profit on the return result that is mapped the contract, in case of deductions for the share of negative risk result in accordance with other clauses. The company is supposed to determine in the ordinance where high percentage rate it is to take. That is, within the constraint in the first period, access to determining different foresharing keys out of the enterprise's risk of the return result. The king can give closer rules for such overshot sharing.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-12.
SECTION 3-17 Negative risk result for free policy, pension evidence and pension capital evidence with investment choices

The provisions of the paractment here apply to free policy, pension evidence and pension capital evidence mapped out its own investment portfolio with investment choices. The king may in regulation determine that the provisions of the paractment here are also to apply to other types of contracts.

Is the venture's risk result negatively for a group of contracts, the contract's share of risk result can be covered by deductions in return on the contract after Section 3-13 third clause or in the value of the investment portfolio mapped the contract.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-13.
SECTION 3-18. Applicability of earnings mapped the contract

When else does not follow of Section 3-15, 3-16 or 3-17, the following applies :

a) Overshot after Section 3-13 first to third clause and Section 3-14 mapped contracts regulated by the venture pension law, the service law, or the entry-level legislation shall be distributed by the rules of the distribution of return in these laws.
b) Overshot mapped other contracts shall be applicable in accordance with what is determined in the contract between the enterprise and the insurance holder.
0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-14.
SECTION 3-19. Additional statements

In order to ensure its obligations under contracts with contractual obligations, the enterprise may utilize whole or share of profits on the return result for the individual contract to additional settlement statements out over the minimum requirement of premiererve. Corresponding applies to contracts in particular investment portfolio that will secure the alders, disabled, and post-lateral benefits of the rules in the venture pension law Section 11-1. The SEC can, when it finds that solididity dictates it, impose the enterprise to estimate its profits on the individual contract to additional agreements.

The settlement's accessory statements should be distributed on the individual contracts. The company is determining the year's accessory statements, jf. Section 3-13 first joints, in percentage of the prize series associated with the individual contract. The king can give regulation on admission to use a higher percentage rate for contracts with high calculation interest or low accessory statements.

If the yield mapped a contract after the Section 3-13 first clause of a year is not large enough to cover the annual requirement of the increase in the premiernet following the prize calculation basis, the requirement can be met by the use of accessory statements mapped the contract.

Fend accessory statements awarded a contract a year that the overall accessory statements exceed an amount equivalent to 12 percent of the premiernet associated with the contract, the excess amount shall be mapped to the contract as a surplus. The sum of premierve and accessory statements related to a contract of contractual obligations may otherwise not be reduced differently than by payout to insured.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-17.
SECTION 3-20. Premie and inshot fund mv.

The acquisition obligations related to the prize fund, the entry fund, buffer statement, the retirement fund, pension regulatory funds and regulatory fund shall be attributed to the fund's value at all times.

Section 3-19 applies to the equivalent of such funds in the degree to which they shall be attributed to the rule in Section 3-13 other clauses.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-19, 4 des 2015 # 96 (ikr. 1 jan 2016 ifg. res. 4 des 2015 # 1399).
SECTION 3-21. Course regulation fund

The Kursregulatory fund shall be attributed to the sum of unrealized benefits of financial-making assets that are part of the collective portfolio, jf. Section 3-11 different joints.

The Kursregulatory fund should not be mapped to the contracts in the collective portfolio.

The king can give closer rules about the course of the course of the course regulation.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-20.
SECTION 3-22. Risk Foundation

The risk equalization fund can only be used to cover the annual requirement of the increase in the premierment of individual contracts when the need for the increase is due to risk related to person.

The risk equalization fund should not be distributed on individual contracts.

The king can give closer rules about the risk-level fund.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-22.
SECTION 3-23. Account entry. Account printing

The life-and pension insurance plan shall create and bring an account for each insurance, which shall contain the customer term with overview of the insurance capital, changes in the capital last year and the status of insurance per. 31. December of the individual year. The company shall each year pass the insurance holder printing of the account.

The Ministry is giving closer rules about this.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-23.
SECTION 3-24 Life insurance claims in war

If Norway arrives at war, the King may decide that benefits for life insurance agreements should only be paid partly. The king can also make other necessary changes to the life insurance agreements to cover deficit in a life insurance enterprise as a result of war.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 9-26.

Chapter 4. Municipal pension arrangements

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 4-1. Scope

The provisions of this chapter apply :

a) pension arrangements with performance-based pension created in life insurance enterprises or in pension case of municipal employer bound by the main tariffagreement reached between employer and employment organizations in the municipal sector, or by tariff agreement with equivalent requirements for the pension arrangement of municipal employer,
b) equivalent pension arrangements for state health enterprises and other government enterprises,
c) Equivalent pension arrangements for enterprises where a municipality has the best-known influence or has or has had a municipal ownership share, or has close ties to a municipality.

As the municipal pension arrangement is considered here pension arrangement as being retaken by the first clause.

The Ministry can determine further rules to the padding and the containment of the provisions of the chapter here.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-1.
SECTION 4-2. Communist concert-like relationship

A municipality and one or more enterprises where the municipality has grandparent influence, or more such enterprises, can create joint retirement plan. The charge that the municipality has or has had an ownership stake in, or that has close ties to the municipality, can be cut in such a joint pension arrangement.

The pension arrangement can in accordance with the provisions of Section 4-6 are considered common arrangement for prize calculation. By the way, the venture pension law applies Section 12-3 and 12-4 equivalent as far as it fits.

Upon termination of the association of the concert relationship, the enterprise pension law applies Section 12-5 to 12-7 equivalent.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-2.
SECTION 4-3. Municipal Industry

A life insurance enterprise that operates business related to both municipal and other collective pension schemes shall treat the municipal pension schemes as its own industry. It shall be taken to account for the industry.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-3.
SECTION 4-4. Year's prizes

The annual prize for a retirement plan shall be attributed to the sum of ordinary year premiums, regulatory reform and distinctive one-time premiums for benefits that cannot be premised in advance.

Premier is calculated by the rules in Section 4-5, jf. Section 4-7 and 4-8, for as far as different do not follow the rules of Section 4-6 about joint arrangement for prize calculation.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-4.
SECTION 4-5. Premium calculation

The pension arrangement shall annually be attributed to a prize that after the calculation basis for the arrangement is sufficient to ensure the right to retirement that its members will benefit throughout the year, with the addition of this year's risk remigrant and costs of services (ordinary year premiie). Premie for each year is calculated at the start of the year and later of the year in tact with the salary development.

The pension arrangement shall in addition each year be attributed to coverage of the deregulation during the year of upearned pension rights and running pensions (regulatory remie). Regulations are calculated at the time of the resettlement from the salary development during the year and the regulation of pensions under payout and earned the right to pension benefits of members who have waived their position without the right to pay-off pension, in accordance with the change of the Medicaid basis.

The pension arrangement should also each year be attributed to coverage of other pension rights as the members in the event of the year, and which cannot be premised in advance from insurance technology. Such prize is calculated at the time the pension rights arise.

By calculations of the prize after the rules of the paragrafen here shall be deducted in the pension benefits of the benefits that, out from those to any time current rules of the census, can be assumed to be paid from the census (estimated census). The Ministry of Justice can give closer rules about determining the estimated census of the population.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-5.
SECTION 4-6. Joint Regulation of the prize calculation

The provisions of Section 4-5 are not an obstacle to creating joint arrangements consisting of several pension schemes, for the prize for individual pension schemes that are involved in a joint arrangement, shall be determined by calculation based on principles that will counter that pension costs for the individual members for equivalent pension rights will vary with the member's gender and age.

A joint arrangement created in accordance with the first clause shall each year be attributed to the premiums equivalent to the sum of ordinary year premiums determined by insurance technology for all pension arrangements that are part of the joint arrangement. The individual pension agreement's share of overall average year-to the co-arrangement is calculated from the relationship between overall pension basis for the members of each of the pension orders, unless it is stipulate in the insurance terms of The pension orders in the co-arrangement that the calculation instead should be taken out from gross retirement performance fragaging calculated performance from the census of all members in each of the pension orders. The cost of services can be calculated and charged in particular for each pension arrangement.

Achivant a work holder as a member of a retirement plan within an insurance year, the pension arrangement with an additional premiie for the part of the year that would then remain. The amendment is to be calculated from the pension's share of overall average year premiie to the co-arrangement and the percentage increase of the pension word's overall basis for estimation of prize after other clause other period as the new member represents. Deviations from the insurance technology calculated prize are part of the calculation of ordinary year premierie to the co-arrangement of the subsequent year.

If it during an insurance year a new pension arrangement in a joint arrangement, the ordinary year-of-year pension arrangement shall be calculated from the overall ordinary year-of-year premiie to the co-arrangement calculated for this year, and the percentage increase of the overall basis for estimation of prize after other clause other period as the pension arrangement entails.

It shall be determined in the insurance agreement on regulatory remediation as mentioned in Section 4-5 different clauses should be calculated specifically for each pension arrangement or completely or partially at average calculation. In particular calculation, the regulatory reconciliation shall be calculated for each pension arrangement in the co-arrangement of the percentage of the premieres of the pension scheme mandated as a result of the regulation of the member's upearned pension rights out from salary development. Regulation remediation for regulation of pensions under payout and of the upearned right to Workers who have waived his position without the right to payout pension should be calculated in relation to the share of the prize-based pension rights. At average calculation, the co-arrangement shall be attributed to the regulatory resettlement equivalent to the sum of annual regulatory remiments after Section 4-5 other clause for all pension arrangements that are part of the joint arrangement. The individual pension agreement's share of overall regulatory remediation to the co-arrangement is calculated from the relationship between overall premiererve for each of the pension orders at the time of the regulation of the pension rights. The cost of services can be calculated and charged in particular for each pension arrangement.

It shall be determined in the insurance agreement on prizes as mentioned in Section 4-5 third joints shall be calculated in particular for each pension arrangement or completely or partially at average calculation as mentioned in other clause.

The Ministry can determine further rules about joint arrangements for premiums.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-6.
SECTION 4-7. Premium calculation out from linear upscale mv.

By calculating the pension of the pension, it shall be added that the member's right to pension benefits from the time of membership in the pension arrangement and forward to a retirement age of 67 years or other special age limit. Should the former service time from state or other municipal pension plan co-count, the timing of membership is counted from an equivalent earlier time.

The assessment bill Section 9-3 applies to the equivalent.

If a member makes use of the right to resign with the right to payout pension prior to retirement age, additional premimies should be required as mentioned in Section 4-5 third clause.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-7.
SECTION 4-8. Change in the prerequisites for the insurance technology calculation foundation

Turns out that the waiver in the pension system for benefits paid by the census will be less than added due to the prize calculation, it shall be calculated additional premiums after Section 4-5 third joints for coverage of the difference. It also applies if the reason is change in the regulations of the Medicaid that entails that the performance from the Medicaid decreases or will be reduced. Will the fragrant for benefits from the Medicaid greater than added due to the prize calculation, to excess premiererve will be conveyed premieronit.

Shows it otherwise that the essential prerequisites for the calculation basis that are taken advantage of premiums in previous years are failing to determine new calculation basis and in the event of changing terms of the pension arrangement. Keep about the right to change of prize in such cases shall be made of the terms of the pension arrangement.

The assessment bill Section 9-5 first and other clauses applies to the equivalent.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-8.
SECTION 4-9. The payment of prize

Will be prize for an insurance year not paid at this year's exit or at the expiration of the second deadline set in new prize notice after the insurance law Section 14-2, the increase of insurance obligations that it did not collect the prize should cover. The members of the pension scheme or pension orders should in case be notified about this. It still cannot as a result of such abduction is required repayment of for much paid pension.

The Ministry can determine further rules about the payment of the prize.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-9.
SECTION 4-10. Minimum requirements for premiererve

The premise of the pension arrangement shall at any time be so great that it after the insurance technology calculation basis for the arrangement is sufficient to ensure the right of the upearned pension for its members, hernically entitled to unbirth pension and post-pension pension.

The premise reserve for a retirement plan should at least correspond to the sum of the premierary reserves needed after the calculation basis to ensure the right to upearned pension for each member of the pension scheme, herduring premierve earned by Workers who have waived their position. This still does not apply to the premierve of the waiver worker who gets co-calculated the service time of other arrangement if its premierve is transmitted. For a member who has received co-counting service time from a different retirement plan, jf. The Section 4-7 first clause, without the transfer of its premiererve, shall be made deductable equivalent to the premiererve that will be sufficient to ensure the right to pension earned by such co-calculated service time.

By the calculation of premiererve, deductions in the pension benefits for the benefits that, out from those to any time current rules of the census, can be assumed to be paid by the census, jf. Section 4-5 fourth joints.

By the calculation of premiererve, it will also be made deductions for insurance obligations that have been dropped after Section 4-9.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-10.
SECTION 4-11. Pension Order Insurance Capital

The pension of the Pension Insurance Company consists of the premierese, supplemental, premium funds, and optionally buffer statement.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-11, 4 des 2015 # 96 (ikr. 1 jan 2016 ifg. res. 4 des 2015 # 1399).
SECTION 4-12. Advice on the pension of the pension

The pension of the Pension Order shall be kept separate from the insurance holder's funds. The Midlene does not address the insurance holder's obligations and cannot at mortgage or otherwise be used to secure or to cover dennes creditors.

The funds cannot be used to outpay pensions or other benefits to workers who are not engaged as a member.

For the prize funds associated with the pension scheme, the venture pension bill applies Section 10-2 to 10-4 equivalent as far as they fit.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-12.
SECTION 4-13 Capital administration

Pension's funds shall be managed in accordance with the rules of capital management in life insurance enterprises and pension assets that apply to any time, but less otherwise follows by Section 4-15.

The tax return of funds related to the prize fund should annually be attributed to premiums.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-13.
SECTION 4-14. Overshot

The overshot of the pension scheme shall be accepted the insurance holder and is transferred to the pension's prize fund.

Overshot on premierve associated with pension under payout or related pension rights to fragrant labour holder shall still be attributed to the premierment if pension performance or pension privilege is not regulated in accordance with annual change of the base amount in the census.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-14.
SECTION 4-15. Egen investment portfolio

The insurance holder may comply with regulations in the policy of the pension scheme agreement that the insurance capital shall be managed as an investment portfolio mapped to the pension scheme. The deal should indicate how the portfolio is to be paired and what access is to change the composition, as well as the return guarantee that in case is associated with the portfolio.

Return of the above what has been added due to the pension's calculation basis is transferred to premiums.

Is the yield on the investment portfolio in a fiscal period not as large as provided in the premieration basis of the pension arrangement, the gap shall be required by transfer from the premierit or supplements from the insurance holder. The pension device responds to the insured for the difference being covered.

The Predictional Act Section Section 11-3 to 11-5 applies to the equivalent.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-15.
SECTION 4-16. Pension area's information-like

The pension device should create and bring its own account for the insurance policy related to each pension arrangement. The account shall contain accounting and status per. 31. December for the individual year. Closer rules are determined by the SEC.

The pension device should each year pass the policyholder printing of the account of the pension arrangement along with information that will be of essential importance to the insurance holder's assessment of the insurance relationship. The SEC is giving closer rules about this.

The pension device should issue a pension proof to workers who resign their position without the right to immediately beginning retirement. The pension evidence should enlighten what pension rights the person has earned (appointed rights) on the freatreddit point. The pension device should later be on request from the holder of the pension evidence to date updated information. Upon moving the pension scheme that includes the upset privilege in co-hold of Section 6-11, the pension device that the pension arrangement is to be moved from, inform the waiver of employment.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-16.
SECTION 4-17 Moving pension plan

The pension arrangement and its funds can be moved to other pension device by the rules of Chapter 6.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-17.
SECTION 4-18. The Termination of the pension scheme

If an enterprise with municipal pension arrangement goes bankrupt or it has been met with the ordinance that the enterprise or its business is to be discontinued, the pension arrangement shall cease. The same goes for whether the enterprise stops paying premium to the pension arrangement and the prize cannot be covered by funds in the prize-fund.

When a retirement plan ceases, the pension of the pension funds shall be distributed between the members, pensioners and Workers who have waived their positions on the basis of the prize-based pension rights of each individual, and is used to secure their right to retirement in the pension device.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10-18.

Chapter 5. Common arrangement for premiums for pension schemes with performance-based enterprise pension

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 5-1. Virgo area mv.

The provisions of this chapter apply to pension arrangements with performance-based enterprises where the funding arrangement is based on premiums in co-arrangements.

Performance-based enterprise pension schemes as mentioned in the first clause can only be made in the joint arrangement consisting of other performance-based enterprise pension arrangements.

A joint pension scheme for enterprise enterprise can constitute a joint arrangement. Contest pension schemes in the same joint pension box can pose a joint arrangement.

A pension device that has one or more common arrangements should be accounting for each joint arrangement.

The Ministry can give closer rules to padding, review and the containment of the rules in the chapter here.

0 Added by law 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), modified by laws 15 June 2007 # 29 (ikr. 1 July 2007 ifg res. 15 June 2007 # 649), 10 apr 2015 number 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10A-1.
SECTION 5-2. Year's prizes

The annual prize for a retirement plan shall be attributed to the sum of ordinary year premiums, regulatory reform and distinctive one-time premiums for benefits that cannot be premised in advance.

Premier is calculated after Section 5-3 if nothing else follows the rules in Section 5-4 and 5-5 about the joint arrangement for prize calculation.

0 Added by law 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10A-2.
SECTION 5-3. Premium calculation

The pension arrangement shall annually be attributed to a prize that after the calculation basis for the arrangement is sufficient to secure the right to retirement that its members will benefit throughout the year, with the addition of this year's risk remigrant and costs of services (ordinary season premiere). Premie for each year is calculated at the start of the year and later of the year in tact with the salary development.

The pension arrangement shall in addition each year be attributed to the coverage of the deregulation during the year of upearned pension rights (regulatory remie). The regime remediation is calculated at the time of the regulation out from the salary development during the year.

The pension arrangement should also each year be attributed to coverage of pension rights as members in the event of the year and which cannot be premised in advance from insurance technology. Such prize is calculated at the time the pension rights arises.

0 Added by law 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10A-3.
SECTION 5-4. Conditions of joint arrangement for prize calculation

The provisions of chapter 3 are not an obstacle to the creation of several pension schemes, for the prize for the individual pension arrangement that is part of a joint arrangement shall be determined by calculation based on principles that will counter that retirement cost of individual members for equivalent pension rights will vary with the member's gender and age.

All of the pension orders in a joint arrangement shall have pension plans that provide the same types of pension charges. The relationship between retirement pension performance and post-lateral performance for the individual member should be the same after retirement plans for all the pension orders. All of the pension orders are to build on the same calculation interest and in essentially the same calculation basis.

Pension arrangements with pension plans that provide different performance levels of retirement, can be made in the same joint arrangement.

0 Added by law 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10A-4.
SECTION 5-5. Premium calculation in co-arrangements

A joint arrangement created after Section 5-4 shall each year be attributed to the amount of ordinary year-of-year premimie determined after insurance technology calculation for all pension arrangements that are part of the joint arrangement. The individual pension agreement's share of overall average prize for the co-arrangement is calculated from the relationship between the right to retirement pension that will be made up during the year for all members of each of the pension orders. The cost of services can be exemped from distribution in the joint arrangement.

Achivant a work holder as a member of a retirement plan in the course of an insurance year, charged supplemental premimies for the part of the year remaining. The amendment is calculated from the pension's share of overall year premiie to the co-arrangement and the percentage increase of the pension word's calculation basis after the first clause of second period as the new member represents. Deviations from the insurance technology calculated prize are part of the calculation of ordinary year premierie to the co-arrangement in the trailing year. The provisions of the first to third period apply accordingly to the calculation of premiums for special pay increase for a member of the pension scheme.

If within an insurance year a new pension arrangement in a joint arrangement, the ordinary year-on-year premium shall be calculated from the overall ordinary year-to the joint arrangement calculated for the year, and the percentage increase of the overall The calculation basis after the first clause of the second period as the pension arrangement represents.

It shall be determined in the insurance agreement on regulatory remediation as mentioned in Section 5-3 different clauses should be calculated specifically for each pension arrangement or completely or partially at average calculation. In particular calculation, the regulatory plan shall be calculated for each pension arrangement in the co-arrangement from the percentage increase of the premieres of the pension scheme mandated as a result of the regulation of the member's upearned pension rights out from salary development. At average calculation, the co-arrangement shall be attributed to the regulatory resettlement equivalent to the sum of annual regulatory remediation after Section 5-3 other clause for all pension arrangements that are part of the joint arrangement. The individual pension arrangement's share of overall regulatory remediation to the co-arrangement is calculated from the relationship between overall premiererve for each of the pension orders at the time of the regulation of the pension rights. By calculating the premiererve of the rules in the clause here, premiererve will be associated with pensions under pay-offs from the calculation, unless otherwise determined. The cost of services can be calculated and charged in particular for each pension arrangement.

Regulation reie for pensions under payout shall be calculated and paid special for each pension arrangement.

It shall be determined in the insurance agreement in which span premiums mentioned in Section 5-3 third clauses shall be calculated in particular for each pension arrangement or completely or partially at average calculation as mentioned in the first clause.

0 Added by law 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10A-5.
SECTION 5-6. Older Workers

All pension arrangements in a joint arrangement shall have the same rules about recordings of members having less than 10 years left to retirement, and about the right to retirement and co-bill of former service time for such workers when they are busy as members, jf. The venture pension law Section 3-9 other and third joints, jf. Section 5-6 first clause letter c.

0 Added by law 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10A-6.
SECTION 5-7. The payment of prize

Will be prize for an insurance year not inpaid at this year's exit or at the expiration of the second deadline set in new prize notice after law 16. June 1989 No. 69 about insurance agreements Section 14-2, the increase of insurance obligations that it did not collect the prize was supposed to cover. The members of the pension plan should in case be notified about this. It still cannot as a result of such abduction is required repayment of too much paid retirement.

The Ministry of Justice can at regulation determine closer rules about the payment of the prize.

0 Added by law 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 10A-7.

Chapter 6. Move

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 6-1. Scope of scope and flow of

The provisions of this chapter apply to move between pension devices by :

a) pension arrangements in accordance with the venture pension law,
b) pension arrangements in accordance with the service law law
c) pension arrangements in accordance with the entry-level of the shooting law,
d) pension arrangements that are retaken by Chapter 4,
e) other collective pension schemes,
f) Free Policy, pension evidence, pension-proof and equivalent individual pension rights expired from collective pension schemes,
g) individual pension agreements (pension insurance and life interest contracts, and other pension agreements),
h) other life insurance contracts.

Contract as mentioned in the first clause letter a to h can be moved to other pension device. With the move, termination of the contract for the transfer of its funds to an equivalent contract was established in a different pension device.

As the pension device is considered here insurance enterprises, pension enterprises, bank and management company for securities fund.

Transform, merging and sharing of pension arrangement in connection with relocation can be made according to otherwise current rules. Corresponding applies to the merging and transform of free policy, pension evidence, pension-proof and other individual pension rights expired from collective pension schemes.

The Ministry can give closer rules to padding, review and the containment of the rules in the chapter here.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-1.
SECTION 6-2. Moving of collective pension schemes

For enterprises moving pension arrangement as mentioned in Section 6-1 first clause letter a to d or a collective life interest arrangement, the rules apply in Section 6-2 to 6-10.

Moving must include the entire pension arrangement. By the movement of municipal pension arrangement also refunded pension rights and funds related to such rights.

Regarding the move an enterprise that has joint pension arrangement with one or more other enterprises shall venture and its group of members with its share of the funds in the pension arrangement are separated from the joint pension arrangement.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-2.
SECTION 6-3. Rights in the new pension arrangement

The workers ' and retirement rights of the move shall be determined in the regulations of the new pension scheme.

The new regulations may not contain regulations that entail the reduction of work-made right to upearned retirement with its premierve or to earned pension capital. Pensionists are supposed to be secured pension charges with the related premierve or pension capital as at least equivalent to the right to benefits that were about before the move.

The provisions of the paragrafen here are not an obstacle to the policy of the pension scheme changes after otherwise current rules with effect for earnings of retirement at service time after the move, nor for the pension of the pension. The move is managed completely or partially as its own investment portfolio after otherwise current rules.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-3.
SECTION 6-4. The member of the show's pronunciation mv.

Before the enterprise move the pension arrangement, it shall ensure that the members receive complete information about the move of the pension arrangement and what rights they will receive in the new pension arrangement. Advisory and receiving pension device duties to impose on the company's information is correct and filler.

The question of the move of the pension scheme shall be the parent's management team for the pension arrangement to the statement.

Members of the pension scheme shall also be given the opportunity to comment on it. By the way, a working-maker organization can comment on behalf of its members. Other can be determined in tariffagreement.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-4.
SECTION 6-5. Termination. Floating Point

Contract of pension arrangement can be said with a due date in two months. Termination shall happen in writing. The requirement of confessions is not to obstacle that termination can be transmitted electronically, if it is taken advantage of a reassuring method that authenticates the sender and ensures the message content.

The first clause is not to obstacle that the termination deadline should not expire until the first quarter-shift, halspring shift or year-changing for pension arrangements with the year premiie calculated by the rules in Section 4-6.

At the expiration of the deadline for termination, risks associated with members and retirees in the pension arrangement over on the pension device pension arrangement is moved to.

The company is supposed to pay a float-up to coverage of costs that the pension device has by ending the contract and transferring the pension's funds to other pension devices. The Ministry of the Ministry can give closer rules about the flow of float.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-5.
SECTION 6-6. Decisions Due

At the termination of the resignation, the pension device should transfer the pension of the pension funds to the new pension device. The settlement deadline is still two months after the expiration of the termination deadline when the pension of the pension funds exceeds the NOK 300 mil.

The pension devices can by appointment determine the second term for post-settlement settlement than the following of the first clause.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-6.
SECTION 6-7. Calculation of the pension of the pension

A performance-based pension funds include premiererve to the safeguards of the earned pension, herduring premieres for the disabled and post-lateral benefits, as well as accessory statements, the retirement fund and premieronit. The Pension Order's share of earnings in the moving year is also retaken as well.

In retirement arrangements with the entry-fire mission, the pension of the pension funds includes the pension funds and the entry fund, as well as the pension plan's share of earnings in the moving year.

By move, the insurance capital associated with the pension scheme is calculated at the time of the termination of the termination of the notice. The Pension Order's share of earnings in the moving year forward to the timing of the termination of the notice of the resignation as well.

Prevalence pension funds in their own or own investment portfolio are placed on the market value of the portfolio at the expiration of the termination deadline due to the value calculation. This also applies to the return and value security guarantees related to the portfolio. The assessment bill Section 11-1 fourth clause applies to the equivalent.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-7.
SECTION 6-8. Premier Relive for unbirth benefits

Premier reserve for disability benefits to members who have been disabled before the expiration of the termination deadline shall be determined on the basis of the calculation basis that was for the pension arrangement at the expiration of the termination deadline. Fastset unbirth degree is added due even though the birth rate is determined after this point in time.

Member who are sicken at the expiration of the termination deadline should here be deemed ununtil if the disease that then had been declared, has given the right to work-clearance points or disability within one year after the expiration of the termination deadline.

The deadline in other clauses can be waived by agreement between the pension devices. Such agreement does not touch the enterprises or the insured rights of the unrewarding pension device by other clauses unless the enterprise consent to the obligations overtaken by the receiving pension device.

0 Modified by laws 19 des 2008 number 106 (ikr. 1 March 2010 ifg. res. 19 Feb 2010 # 189), 19 des 2014 # 81 (ikr. 1 jan 2015), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-8.
SECTION 6-9. Decisions

The pension funds are calculated by the rules in Section 6-7 and 6-8 are to be transferred in money. It can be agreements between the pension devices that settlement funds placed on their own investment portfolio should happen at the transfer of the portfolio.

By the transfer of funds after the expiration of the termination deadline, the return of the funds from the expiration of the termination deadline and until the day the funds are transmitted. The draft rate is calculated after the interest of foliodeposits in Norway's Bank added two percentage units, with less a higher interest agreement between the pension devices.

If the settlement deadline after Section 6-6 has been oversitting, and this is not due to the ratio of insurance makers or the receiving pension policy page, it should be remarked for the delay of law on 17. December 1976 # 100 about interest rates at delayed payment m.am, from the expiration of the settlement deadline and until the day the funds are transferred. In addition, the response will be calculated by other clauses.

0 Modified by laws 19 June 2009 # 48 (ikr. 1 July 2009 ifg res. 19 June 2009 # 693), 10 apr 2015 number 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-9.
SECTION 6-10. Applicability of transferred funds

Transferred premierve to be applied to the safeguards of the members and the pension rights in accordance with the new regulations of the pension scheme and the calculation basis that this builds on.

Additional statements, the retirement fund and prize funds are going after the transfer still be part of the pension's funds and uses after otherwise current rules.

Is transferred premieres not sufficient to secure the rights of individual members or retirees following the calculation basis of the pension device it is being moved to, the missing premierve is to be conveyed from premieronit. The rest is covered in the event of transmitted additional agreements or by transfers from the enterprise.

Is transmitted premiererve related to the members and retirement benefits of the pension benefits greater than necessary to ensure their rights after the calculation basis in the pension device it is moving to, should excess premierve to one-time premimies for the addition of the pension benefits. In municipal pension schemes, premium premiums should be transferred to premiums.

Pension capital and endowment funds in pension arrangement with the acquisition of the transfer is due to the transfer of the new regulations for the pension scheme and the calculation basis this in the event builds on.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-10.
SECTION 6-11. Moving pension rights expired from collective pension arrangements

By the move of a municipal pension arrangement, pension rights in the pension arrangement with its funds are simultaneously transferred to the new pension device. The provisions of Section 6-3, Section 6-5 third and fourth joints, Section 6-7 first, third and fourth joints, Section 6-8, Section 6-9 and Section 6-10 first to fourth joints apply accordingly.

By movement of other pension schemes, pension rights are not transmitted to free policy, pension evidence, or pension-proof of the new pension device, unless the one has the right to the exemption, pension evidence or The retirement piece of evidence demands it by the rules of Section 6-13.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-11.
SECTION 6-12. Moving on the co-bill of former service time

Will a work holder member of pension arrangement with venture pension regulations that have provisions of service time, apply to the rules of the venture pension law Section 4-11 to 4-13. By the calculation of the funds to be transferred, Section 6-7 is first, third and fourth joints accordingly. By the way, Section 6-5 fourth clause applies, Section 6-9 and Section 6-10 first to fourth clause equivalent as far as they fit.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-12.
SECTION 6-13. Moving of freepolise, pension evidence and pension-proof

The one that has the right to pension rights related to free policy, pension evidence, or pension-proof, could move the contract to another pension device. The signing deadline for movement is one month.

The provisions of the formation requirement for termination in Section 6-5 first clauses and third period, risk transition in Section 6-5 third clause, as well as settlement deadline in Section 6-6 applies accordingly.

By calculation, settlement and Applicability of the funds to be transferred apply to the provisions of Section 6-7, 6-8, 6-9 and 6-10 first, second, fourth and fifth joints accordingly. Is transferred premiererve not sufficient to secure the rights after a free policy, the missing premierve will be covered by transferred accessory statements.

0 Modified by laws 14 March 2008 No. 6 (ikr. 14 March 2008 ifg res. 14 March 2008 No. 250), 19 June 2009 # 48 (ikr. 1 July 2009 for other clause, ikr. 1 oct 2009 for first clause ifg. res. 19 June 2009 # 693). 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-13.
SECTION 6-14. Moving of individual pension agreements

The one that has an individual pension deal, or an individual life interest insurance, can move the contract to another pension device. The signing deadline for movement is one month.

The provisions of the formation requirement for termination in Section 6-5 first clauses and third period, risk transition in Section 6-5 third clause, as well as settlement deadline in Section 6-6 applies accordingly.

By the calculation of the funds to be transferred, the provisions apply in Section 6-7 and 6-8. The Act is done by the rules in Section 6-9.

Overled funds should be used to secure the rights after the new pension agreement following the rules of Section 6-10 first and other clauses. Is premiererve for pension insurance not sufficient to secure the rights after the new contract, the rest can be covered by transfer from premieronit or in case from accessory statements related to the insurance. Excessive premierve is used to boost the performance, unless the insurance holder requires the funds to be transferred to prize funds.

Person who is appointed as the beneficiary under the pension agreement shall be subcorrected about the move.

For individual pension agreements, the rewarding pension device can take reservations about it to be calculated a deductions in the prize-based (self-action). Such deductions can only be required if the pension device the contract is moved to, adding reason new health trial for insured. The Ministry of Justice can give closer rules.

0 Modified by laws 19 June 2009 # 48 (ikr. 1 July 2009 for other clause, ikr. 1 oct 2009 for first clause ifg. res. 19 June 2009 # 693), 10 apr 2015 number 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 11-14.

Chapter 7. Damage insurance

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 7-1. Damage insurance business mv.

Permission to run business as pest insurance companies provide access to the insurance companies that are considered damage insurance. As claims insurance, insurance counts against damage or loss of things, rights or other benefits and insurance against replacement liability or costs, as well as accident insurance, medical insurance and other person insurance that is not life insurance.

A claim insurance enterprise does not have the access to market or offer assurances against criminal sanctions if insurance will be in violation of the court order. The Ministry can at regulation or individual ordinance determine what is understood by insurance in violation of the Order of the Order.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), 10 apr 2015 number 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-1.
SECTION 7-2. Self insurance arrangements

A claim insurance company can be able to manage self-insurance arrangements for enterprises and institutions in association with the enterprise taking insurance for the same enterprise or institution. The king can in regulation make exceptions from the arbitrary year in the first period.

The company shall bring its own account for each self-insurance arrangement with the reckoning of each year-changing.

0 Modified by laws 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), 10 apr 2015 number 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-2.
SECTION 7-3. Damage insurance enterprises sales channels

A claim insurance company shall impose that their agents meet the requirements following the insurance agreement Section Section 2-1, 2-2, 11-1 and 11-2 at the incomes of insurance deal with policymakers.

Demand for damages according to insurance agreement can be reported to the agent. In relation to the insurance policy Act Section 8-5 and 18-5, the claim was faced with the damage insurance enterprise the day the agent received the message.

0 Modified by laws 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), 10 apr 2015 number 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-3.
SECTION 7-4. Insurance mv.

Insurance Law Law Chapter 7 about insurance agency business with the exception of the provisions of Section 7-5 and 7-6 applies to an injury insurance enterprise by insurance and for the person who forewards the management of the insurance business.

0 Added by law 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-4.
SECTION 7-5. Premier

A pest insurance enterprise should have premiums for standardized products or product combinations as the enterprise market leads. Those who demand such assurances should in a simple way get information from the enterprise level of premiums and relationships on the insurance holder's side that after the premiums will be placed emphasis on by the calculation of premiums. The company is due to be in the premiertariff or otherwise determining rules about what conditions on the insurance holder's side that will give right to the premierant discount or beta-ineated premiums. The king can in regulation give closer rules about premiums.

Enlightenment on the prize of an assurance should include the overall settlement enterprise will normally calculate to take over the different types of risk retaken by insurance terms for the different products and product combinations, and to te services related to the products.

The charge can take advantage of different customer groups when actuariums or risk statistics provide justifiable basis for adding reason that the insurance risk customers within the different groups represent will be different.

The company is supposed to be at the design of the prize tariffs and at determining the prize of the prize ensuring that :

a) The enterprises of the company will stand in reasonable conditions to the risk that overtas and the services that are totes,
b) The enterprise premiums will be sufficient to provide security for the obligations of the obligations of the agreement that eight insurance policies are met and will be reassuring from the enterprise's economy,
c) it will not happen unreasonable difference processing between products, product combinations or customer groups.

The company is supposed to give message to the SEC on determined premiums for life insurance plans as mentioned in the Financial Business Act Section 2-14 other joints and about the principles of the design of such premiums.

The SEC shall bring control to claim that the prizes that are being used are in accordance with the rules of this chapter. The king can ban the use of prizes that the King finds is unreassuring or unreasonable.

The king can determine rules of pest insurance enterprises to provide information on products, prizes and insurance terms in damage insurance to information arrangement for financial services.

0 Added by law 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-5.
SECTION 7-6. Change of prize tariffs

A pest insurance company can change its premiums, and should in that case determine from what time the new tariffs will apply.

Shows enterprise insurance results that the enterprises of one or more insurance products do not stand in reasonable conditions to the risk that overtas and the services that are totes, the enterprise should consider whether premiums need to be premiered. The company is supposed to change prizes that prove not to be sufficient to provide security for the obligations following the agreement of eight insurance policies.

For the agreement of eight insurance, a prize increase cannot be made current before from the first major decline, at least one month after the insurance holder has received the subdirection of the established change.

0 Added by law 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-6.
SECTION 7-7. Calculation of prizes mv.

The prize is to be calculated for one year at a time, and paid upfront every year, unless it is agreed to term payment within the year, or insurance time is shorter than one year. Demand for the payment of the prize should specify which records are involved in the calculation, and enlighten the other conditions of importance for the size of the prize.

A claim insurance company can still deal that annual prize for an insurance should not be increased, or that annual prize should only be able to be elevated after the appointment of a period of up to four years.

0 Added by law 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-7.
SECTION 7-8. Design Regulation
0 Added by law 17 des 2010 # 84 (ikr. from the time the King decides). Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-17.
SECTION 7-9. Damage settlement

The Ministry of Justice can in regulation give closer rules on taxation services in pest insurance enterprises.

0 Added by law 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-18.
SECTION 7-10. Prescription

The king can in regulation determine closer rules to the padding and the containment of the provisions of the chapter here.

0 Added by law 17 des 2010 # 84 (ikr. 1 jan 2011 ifg. res. 17 des 2010 # 1664, see this for transition rule), modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 12-19.

Chapter 8. Exclusion Regulations

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 8-1. State

This law regulations do not come to the Applicability of arrangements controlled by the state. The king can still determine that this law completely or partly shall apply to Norway's Banks pension case.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 15 -1.
SECTION 8-2. Housecare

This law regulations do not come to the Applicability of the insurance of livestock managed by slaughterhouse or dairy. However, they are annually sending in task over the business of the SEC. The SEC can, if required by respect to the insurance makers, determine that also these arrangements should be underhanded this law entirely or in part.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 15 -2.
SECTION 8-3. Funerals and aid bins

This law regulations do not come to the Applicability of burial and auxiliary storage facilities that provide a maximum support equal to the Medicaid basis. These devices, however, of the SEC, can be placed to submit the task of its business to the SEC. The SEC can, if requested by respect to the entitlements of the performance, determine that also these arrangements should be underhanded this law entirely or in part.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 15 -3.
SECTION 8-4. less reciprocity insurance enterprises

The king can make completely or partly exception from this law regulations for less reciproking insurance enterprises.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 15 -4.
SECTION 8-5. Seaside Social Security

This law regulations do not come to the Applicability of insurance organisations that go into law under law 3. July 1953 # 2 about the sea welfare team.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 15 -5.
SECTION 8-6. Reinsurance

The king can make completely or partly exception from this law regulations for enterprises that only drive reinsurance business.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 15 -6.
SECTION 8-7. War risk to sea

The king can make completely or partial exceptions from this law regulations for enterprises that only run insurance of war risks at sea.

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 15-7.
SECTION 8-8. Other exceptions

The king can in regulation or by individual ordinance make exceptions from the law of insurance companies that, according to their ordinance, can only assume direct insurance for a further specified circuit of policymakers, and optionally reinsurance in addition.

The SEC will determine in doubt whether an enterprise falls into under the first clause.

0 Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 15 -8.

Chapter 9. Penalty

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 9-1. Penalty

Tilits or officials in institutions subject to this law and as intentional or negligent law or provision given with the home of the law or that overcomes otherwise current rules of business, punishable by fines, or under particularly display circumstances with prison until 1 year, if the relationship does not go in under any stricter penalty determination.

If an injunction of the government is not resettled, the person of the ministry may decide that the people and / or the institution, the institutional morcorporation or the morcorporation of the corporation institution is part of, to fulfill the injunction, shall pay a daily running mulched to the relationship is fixed. The order of mulkt is the force basis for the outlay.

0 Modified by laws 19 June 2015 # 65 (ikr. 1 oct 2015), 10 apr 2015 number 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 16-1.

Chapter 10. Ipower tree-and transition rules

0 The headline changed by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350).
SECTION 10-1. Istrontrecation

The law applies from the time the King decides. 1 The king can put in effect the individual regulations at different times.

From the time the law comes into effect repeater law 10. June 1988 # 39 about insurance business.

0 Modified by laws 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 17-3.
1 From 1 July 2006 ifg. res. 30 June 2006 # 776.
SECTION 10-2. Overtime rules

The Ministry of Justice can give closer transition rules.

The writings given in co-hold of law 10. June 1988 # 39 if insurance business applies until something else is decided.

0 Modified by laws 30 June 2006 # 40 (ikr. 1 July 2006 ifg res. 30 June 2006 # 774), 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 17-2.
SECTION 10-3. Changes in other laws

From the time the law takes effect, the following changes are made in other laws :---

0 Modified by law 10 apr 2015 # 17 (ikr. 1 jan 2016 ifg. res. 10 apr 2015 # 350), modified paragrafnumber from Section 17-3.