Having regard to the text of the revised salary tables for the year 2011 of the collective agreement for the insurance, reinsurance and mutual insurance institutions (Code of Convention No 99004625011981), which was signed on 19 January 2012, on the one hand by the business organisations UNESPA, AMAT and ASECORE on behalf of the companies in the sector, and on the other by the trade union organisations of the CC.OO. workers, and in accordance with the provisions of Article 90 (2) and (3) of the Law on the Statute of the Workers, recast text approved by Royal Legislative Decree 1/1995, of March 24, and in Royal Decree 713/2010, of May 28, on the registration and deposit of collective agreements and agreements of work,

This Employment General Address resolves:

First.

Order the registration of the said salary revision in the corresponding register of collective agreements and agreements with working through electronic means of this management center, with notification to the Negotiating Commission.

Second.

Arrange your publication in the "Official State Bulletin".

Madrid, February 8, 2012. -Director General of Employment, Xavier Jean Braulio Thibault Aranda.

JOINT JOINT COMMISSION FOR THE INTERPRETATION OF THE GENERAL COLLECTIVE AGREEMENT AT STATE LEVEL FOR INSURANCE, REINSURANCE AND MUTUAL INSURANCE INSTITUTIONS. YEARS 2008 TO 2011

Act No. 18 of the meeting held on January 19, 2012

Wizards:

Business representation:

By UNESPA: Ms. Regalado and Messrs. González Pison y Díaz de Lope-Díaz.

By AMAT: Messrs. Matthew and Meneses.

Trade union representation:

By CC.OO.: Messrs. Martinez, Jaraba and Escudero.

By UGT: Messrs. Sanz, González, Perea, Ripoll and Mrs Quit.

In Madrid, on the date indicated above, at the premises of Calle Núñez de Balboa, n. ° 101, at 10:30 a.m., the representations expressed in order to celebrate the corresponding meeting of the Joint Commission are gathered. Peer of the collective agreement.

The purpose of this meeting is to apply the salary revision clause provided for in Article 37 of the said Convention for the year 2011, in conjunction with Article 36 on " Economic conditions for the years 2009, 2010 and 2011 ".

To this effect, once the INE has made it known that the Consumer Price Index corresponding to 2011 has been located at 2.4%, both representations note that the wage revision clause enters into operation. regulated in Article 37 of the Convention.

Consequently, given that the revised 2010 salary table was provisionally applied during 2011, as it was considered that there was no government inflation forecast for that year, it is now appropriate, once noted. that the actual CPI at 31 December has been located at 2,4%, to proceed with the application of the above mentioned percentage for the year 2011, with retroactive effect from the first of January, in the terms of Articles 36 and 37 of the Convention.

According to Article 37, the salary concepts affected by the revision are, in addition to the Table of Salaries Base per Remuneration Level and the Table of the Complement for Experience, the Complement of Individual Adaptation, the Plus de Residencia, the Plus Functional Inspection and the economic aid for housing in the transfer assumptions.

According to the aforementioned precept, this wage revision and its arrears will be paid in one pay during the first quarter of 2012.

For the assumption that the CPI taken into consideration may experience some deviation with the index to be determined on a definitive basis, both representations agree that, if such a circumstance occurred, and at last In order to avoid the administrative disorder that its implementation entails, any differences that could be derived by all the concepts, would not be treated as arrears or discounts, but would be incorporated after their calculation, for incorporate, in more or less, the following Salarial Tables to be applied pursuant to Convention.

Finally, the parties agree to submit to the competent labour authority the tables and economic concepts corresponding to the year 2011, for purposes all of their registration, deposit and corresponding publication in the " Bulletin State Officer ', whose application through the electronic means enabled, shall be made by the person appointed by this Joint Joint Committee, in the document annexed to this Act.

They also incorporate the parts as a document attached to the ASECORE charter by ratifying their delegation to UNESPA for the administration of the Convention and expressing their compliance with the agreements adopted at today's meeting.

In accordance with the above, these minutes and tables are signed by the respective representations. -For the business representation, UNESPA, AMAT. -For the union representation, CC.OO., UGT.

GENERAL COLLECTIVE AGREEMENT, AT STATE LEVEL, FOR THE INSURANCE, REINSURANCE AND MUTUAL INSURANCE ENTITIES SECTOR 2008-2011

Revised 2011 salary table

Level 3

Level 6

Groups	Levels	Base Pay
		- Euros	Computo annual (× 15) - Euros
Group I.	Level 1	2.161.83	32.427.45
	Level 2	1,828.54	27,428.10
1.558, 28	23.374.20
Group II.	Level 4	1.333.13	19.996.95
	Level 5	1.161.95	17.429.25
1.008, 83	15.132.45
Group III.	Level 7	882.76	13.241.40
	Level 8	774.67	11,620,05
Group IV.	Level 9	727.77	10.916.55

Revised 2011 Experience Add-on Table

Groups	Levels	Annual Amount * (in 15 mensualities)
Group II.	Level 4	337.79
	Level 5	256.71
	Level 6	229.69
Group III.	Level 7	189.17
	Level 8	162.15

* By the corresponding multiplier.

Plus Inspection (article 34):

	Concepts quantified in Convention	Year 2011 - Euros
• Out of usual place of residence (reviewed)	1.777.16
• At the usual place of residence (reviewed)	888.57
locomotion expenses and expenses (item 39):
• Full Diet	91.24
• Media diet	18.83
• Kilometer
help for housing (article 41):
• Populations of up to one million (revised)	258.84
• Populations of more than one million (revised)	345.07
Food Compensation (Item 40)	10.30
Insurance (Item 60)
Double capital for accident death case	42,000