Insurance Act and Act on Compulsory Insurance within the Transport Sector

Insurance Act

  • Insurance Act (Official Gazette 30/15) (Available in Croatian only)
  • Insurance Act (Official Gazette 151/05, 87/08, 82/09, 54/13 i 94/14; ceased to have effect on 1 January 2016) (Available in Croatian only)

Ordinances under the Insurance Act (Official Gazette 30/15)

  1. Ordinance on the audit in insurance companies (Official Gazette 78/16) (Available in Croatian only)
  2. Ordinance on additional requirements for small insurance companies (Official Gazette 72/16) (Available in Croatian only)
  3. Ordinance on the form and content of financial statements and additional reports of insurance and reinsurance companies (Official Gazette 37/16) (Available in Croatian only)
  4. Instructions for completing financial statements and additional reports of insurance and reinsurance companies (Available in Croatian only)
  5. Ordinance on the structure and content of financial and statistical reports of persons authorised to conduct insurance representation business and insurance and reinsurance brokerage business (Official Gazette 37/16) (Available in Croatian only)
  6. Ordinance on the classification of risk types according to groups and classes of insurance and reinsurance business (Official Gazette 23/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on the classification of risk types according to groups and classes of insurance and reinsurance business (Official Gazette 27/16) (Available in Croatian only)
  7. Ordinance on statistical standards (Official Gazette 23/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on statistical standards (Official Gazette 27/16) (Available in Croatian only)
  8. Ordinance on the content of planned reinsurance programme (Official Gazette 23/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on the content of planned reinsurance programme (Official Gazette 27/16) (Available in Croatian only)
  9. Ordinance on the requirements for professional training and examination of professional knowledge required to obtain authorisation to carry out insurance representation or insurance/reinsurance brokerage business (Official Gazette 16/16) (Available in Croatian only)
  10. Ordinance on registers of persons authorised to conduct insurance representation business and insurance and reinsurance brokerage business (Official Gazette 16/16) (Available in Croatian only)
  11. Ordinance on the content of regular reports and reports submitted at the request of the Croatian Financial Services Supervisory Agency (Official Gazette 13/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on the content of regular reports and reports submitted at the request of the Croatian Financial Services Supervisory Agency (Official Gazette 91/16) (Available in Croatian only)
  12. Ordinance on minimum standards, methods of calculation and guidelines for calculation technical provisions in accordance with accounting rules (Official Gazette 10/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on minimum standards, methods of calculation and guidelines for calculation technical provisions in accordance with accounting rules (Official Gazette 42/17) (Available in Croatian only)
    • Ordinance amending the Ordinance on minimum standards, methods of calculation and guidelines for calculation technical provisions in accordance with accounting rules (Official Gazette 59/17) (Available in Croatian only)
  13. Ordinance on detailed rules and criteria for taking account of gende (Official Gazette 10/16) (Available in Croatian only)
  14. Ordinance on documentation for the outsourcing of activities or functions of insurance undertakings or reinsurance undertakings (Official Gazette 7/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on documentation for the outsourcing of activities or functions of insurance undertakings or reinsurance undertakings (Official Gazette 91/16) (Available in Croatian only)
  15. Ordinance on requirements for the position of management or supervisory board members of insurance undertakings or reinsurance undertakings (Official Gazette 7/16) (Available in Croatian only)
  16. Ordinance on requirements for performing key functions in insurance undertakings or reinsurance undertakings (Official Gazette 7/16) (Available in Croatian only)
  17. Ordinance on the acquisition of qualifying holdings in insurance undertakings or reinsurance undertakings (Official Gazette 7/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on the acquisition of qualifying holdings in insurance undertakings or reinsurance undertakings (Official Gazette 91/16) (Available in Croatian only)
  18. Ordinance on the content of the application and documentation to be submitted with the application for the issuance of approval to carry out status changes of insurance undertakings or reinsurance undertakings (Official Gazette 7/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on the content of the application and documentation to be submitted with the application for the issuance of approval to carry out status changes of insurance undertakings or reinsurance undertakings (Official Gazette 91/16) (Available in Croatian only)
  19. Ordinance on other services that may be provided by insurance agencies (Official Gazette 7/16) (Available in Croatian only)
  20. Ordinance on additional activities that may be carried out by insurance and reinsurance brokerage companies (Official Gazette 7/16) (Available in Croatian only)
  21. Ordinance on technical and organisational requirements for conducting insurance representation business at vehicle roadworthiness test garages (Official Gazette 7/16) (Available in Croatian only)
  22. Ordinance on requirements for professional training and examination of professional knowledge required to perform duties of a certified actuary (Official Gazette 7/16) (Available in Croatian only)
  23. Ordinance on the content of the application for the issuance of approval to transfer and accept the portfolio of the insurance undertaking or reinsurance undertaking (Official Gazette 7/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on the content of the application for the issuance of approval to transfer and accept the portfolio of the insurance undertaking or reinsurance undertaking (Official Gazette 91/16) (Available in Croatian only)
  24. Ordinance on the contents of documentation needed for approval for the application of the volatility adjustment to the relevant risk-free interest rate term structure in order to calculate the best estimate (Official Gazette 133/15) (Available in Croatian only)
  25. Ordinance on the contents of documentation needed for approval for the application of the transitional measure with respect to the relevant risk-free interest rate term structure (Official Gazette 133/15) (Available in Croatian only)
  26. Ordinance on the contents of documentation needed for approval for the application of a transitional deduction to technical provisions (Official Gazette 133/15) (Available in Croatian only)

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Ordinances under the Insurance Act (Official Gazette 151/05, 87/08, 54/13, 94/14)

  1. Instructions on classification of accounts for insurance undertakings (Available in Croatian only)

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Guidelines

  1. Guidelines on adequate management of risks pertaining to supervised entities' information systems (Available in Croatian only)
  2. Guidelines on carrying out the audit of supervised entities' information systems by audit firms (Available in Croatian only)

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Recommendations

  1. Recommendations on the content and submission of key information document for unit-linked insurance (Available in Croatian only)

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Opinions

  1. Opinion of the Agency on Article 151 of the Insurance Act (Available in Croatian only)
  2. Opinion of the Agency on Article 147 of the Insurance Act (Available in Croatian only)
  3. Opinion of the Agency on Article 233 of the Insurance Act (Available in Croatian only)
  4. Opinion repealing the Opinion of the Agency of 31 July 2006 on Article 233 of the Insurance Act (Available in Croatian only)
  5. Opinion on paying the commission to insurance agents (Available in Croatian only)
  6. Opinion on the implementation of the provisions of Article 129 paragraph 2 of the Act on Amendments to the Insurance Act (Available in Croatian only)
  7. Opinion on the implementation of the provisions of Article 233 paragraph 2 of the Insurance Act  (Official Gazette 151/05, 87/08, 82/09 and 54/13) (Available in Croatian only)
  8. Opinion on the implementation of the provisions of Articles 130 and 140 of the Act on Amendments to the Insurance Act (Available in Croatian only)
  9. Opinion on the usage of mortality tables for the calculation of mathematical reserves (Available in Croatian only)
  10. Opinion on the implementation of Article 20 paragraph 2 of the Act on Amendments to the Insurance Act (Available in Croatian only)
  11. Opinion on the calculation of additional own funds by including other items in accordance with Article 96, paragraph 3 of the Insurance Act (Available in Croatian only)
Note: Opinions listed above were adopted in accordance with the Insurance Act (Official Gazette 151/05, 87/08, 82/09, 54/13, 94/14)

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Act on Compulsory Insurance within the Transport Sector

  1. Act on Compulsory Insurance within the Transport Sector (Official Gazette 151/05)
  2. Act on Amendments to the Act on Compulsory Insurance within the Transport Sector (Official Gazette 36/09)(Available in Croatian only)
  3. Act on Amendments to the Act on Compulsory Insurance within the Transport Sector (Official Gazette 75/09)
  4. Act on Amendments to the Act on Compulsory Insurance within the Transport Sector (Official Gazette 76/13) (Available in Croatian only)
  5. Act on Amendments to the Act on Compulsory Insurance within the Transport Sector (Official Gazette 152/14) (Available in Croatian only)

Ordinances

  1. Ordinance on the method of calculation and time limits for payment contributions and on the manner of keeping and using assets intended for liabilities of the guarantee fund (Official Gazette 139/06) (Available in Croatian only)
    • Ordinance amending the Ordinance on the method of calculation and time limits for payment contributions and on the manner of keeping and using assets intended for liabilities of the guarantee fund (Official Gazette 20/14) (Available in Croatian only)
    • Ordinance amending the Ordinance on the method of calculation and time limits for payment contributions and on the manner of keeping and using assets intended for liabilities of the guarantee fund (Official Gazette 81/16) (Available in Croatian only)

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Opinions

  1. Opinion aligning the Opinion on acting in compliance with the law when concluding insurance contracts relating to motor vehicle liability insurance of 14 April 2011, with the provisions of the Act on Amendments to the Act on Compulsory Insurance within the Transport Sector (Official Gazette of the Republic of Croatia 76/13) (Available in Croatian only)
  2. Opinion on acting in compliance with the law when concluding insurance contracts relating to motor vehicle liability insurance (Available in Croatian only)

All Croatian regulations related to the Insurance Act and Act on Amendments to the Act on Compulsory Insurance within the Transport Sector are available here.

Disclaimer: Please note that the translations of Croatian regulations provided on this web page are only provisional translations and therefore do NOT represent official documents of the Republic of Croatia. They confer no rights and impose no obligations separate from those conferred or imposed by the legislation formally adopted and published in the Croatian language.

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Adopted EU regulation

Commission Delegated Regulations

  1. Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (Text with EEA relevance)

Commisssion Implementing Regulations

  1. Commission Implementing Regulation (EU) 2017/1469 of 11 August 2017 laying down a standardised presentation format for the insurance product information document (Text with EEA relevance)
  2. Commission Implementing Regulation (EU) laying down technical information  for the calculation of technical provisions and basic own funds for reporting:
  3. Commission Implementing Regulation (EU) 2016/1800 of 11 October 2016 laying down implementing technical standards with regard to the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  4. Commission Implementing Regulation (EU) 2016/1630 of 9 September 2016 laying down implementing technical standards with regard to the procedures for the application of the transitional measure for the equity risk sub-module in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  5. Commission Implementing Regulation (EU) 2015/2452 of 2 December 2015 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  6. Commission Implementing Regulation (EU) 2015/2451 of 2 December 2015 laying down implementing technical standards with regard to the templates and structure of the disclosure of specific information by supervisory authorities in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  7. Commission Implementing Regulation (EU) 2015/2450 of 2 December 2015 laying down implementing technical standards with regard to the templates for the submission of information to the supervisory authorities according to Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  8. Commission Implementing Regulation (EU) 2015/2017 of 11 November 2015 laying down implementing technical standards with regard to the adjusted factors to calculate the capital requirement for currency risk for currencies pegged to the euro in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  9. Commission Implementing Regulation (EU) 2015/2016 of 11 November 2015 laying down the implementing technical standards with regard to the equity index for the symmetric adjustment of the standard equity capital charge in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  10. Commission Implementing Regulation (EU) 2015/2015 of 11 November 2015 laying down implementing technical standards on the procedures for assessing external credit assessments in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  11. Commission Implementing Regulation (EU) 2015/2014 of 11 November 2015 laying down implementing technical standards with regard to the procedures and templates for the submission of information to the group supervisor and for the exchange of information between supervisory authorities in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  12. Commission Implementing Regulation (EU) 2015/2013 of 11 November 2015 laying down implementing technical standards with regard to standard deviations in relation to health risk equalisation systems in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  13. Commission Implementing Regulation (EU) 2015/2012 of 11 November 2015 laying down implementing technical standards with regard to the procedures for decisions to set, calculate and remove capital add-ons in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  14. Commission Implementing Regulation (EU) 2015/2011 of 11 November 2015 laying down implementing technical standards with regard to the lists of regional governments and local authorities, exposures to whom are to be treated as exposures to the central government in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
  15. Commission Implementing Regulation (EU) 2015/500 of 24 March 2015 laying down implementing technical standards with regard to the procedures to be followed for the supervisory approval of the application of a matching adjustment in accordance with Directive 2009/138/EC of the European Parliament and of the Council Text with EEA relevance
  16. Commission Implementing Regulation (EU) 2015/499 of 24 March 2015 laying down implementing technical standards with regard to the procedures to be used for granting supervisory approval for the use of ancillary own-fund items in accordance with Directive 2009/138/EC of the European Parliament and of the Council Text with EEA relevance
  17. Commission Implementing Regulation (EU) 2015/498 of 24 March 2015 laying down implementing technical standards with regard to the supervisory approval procedure to use undertaking-specific parameters in accordance with Directive 2009/138/EC of the European Parliament and of the Council Text with EEA relevance
  18. Commission Implementing Regulation (EU) 2015/462 of 19 March 2015 laying down implementing technical standards with regard to the procedures for supervisory approval to establish special purpose vehicles, for the cooperation and exchange of information between supervisory authorities regarding special purpose vehicles as well as to set out formats and templates for information to be reported by special purpose vehicles in accordance with Directive 2009/138/EC of the European Parliament and of the Council Text with EEA relevance
  19. Commission Implementing Regulation (EU) 2015/461 of 19 March 2015 laying down implementing technical standards with regard to the process to reach a joint decision on the application to use a group internal model in accordance with Directive 2009/138/EC of the European Parliament and of the Council Text with EEA relevance
  20. Commission Implementing Regulation (EU) 2015/460 of 19 March 2015 laying down implementing technical standards with regard to the procedure concerning the approval of an internal model in accordance with Directive 2009/138/EC of the European Parliament and of the Council Text with EEA relevance

Packaged Retail and Insurance-based Investment Products (PRIIP)

  1. Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs) (Text with EEA relevance)

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EIOPA documents

Solvency II

  1. Guidelines on the supervision of branches of third-country insurance undertakings
  2. Guidelines on reporting for financial stability purposes
  3. Guidelines on the extension of the recovery period in exceptional adverse situations
  4. Guidelines on exchange of information on a systematic basis within colleges
  5. Guidelines on the implementation of the long-term guarantee measures
  6. Guidelines on methods for determining the market shares for reporting
  7. Guidelines on reporting and public disclosure
  8. Guidelines on recognition and valuation of assets and liabilities other than technical provisions
  9. Guidelines on system of governance
  10. Guidelines on own risk and solvency assessment
  11. Guidelines on ancillary own funds
  12. Guidelines on application of outwards reinsurance arrangements to the non-life underwriting risk sub-module
  13. Guidelines on application of the life underwriting risk module
  14. Guidelines on basis risk
  15. Guidelines on classification of own funds
  16. Guidelines on contract boundaries
  17. Guidelines on group solvency
  18. Guidelines on health catastrophe risk sub-module
  19. Guidelines on look-through approach
  20. Guidelines on operational functioning of colleges
  21. Guidelines on ring-fenced funds
  22. Guidelines on supervisory review process
  23. Guidelines on loss-absorbing capacity of technical provisions and deferred taxes
  24. Guidelines on the methodology for equivalence assessments by National Supervisory Authorities under Solvency II
  25. Guidelines on the treatment of market and counterparty risk exposures in the standard formula
  26. Guidelines on the use of internal models
  27. Guidelines on treatment of related undertakings, including participations
  28. Guidelines on undertaking-specific parameters
  29. Guidelines on the valuation of technical provisions

Solvency II Preparatory Phase

  1. Guidelines on Forward Looking assessment of own risks (based on the ORSA principles)
  2. Guidelines on System of Governance
  3. Guidelines on Submission of Information to National Competent Authorities (and Annex I - sub guidelines 15 and 19 are currently not applicable in the Republic of Croatia)

Other guidelines and documents

  1. Guidelines on facilitating an effective dialogue between competent authorities supervising insurance undertakings and statutory auditor(s) and the audit firm(s) carrying out the statutory audit of those undertakings
  2. Preparatory Guidelines on product oversight and governance arrangements by insurance undertakings and insurance distributors
  3. Guidelines on the use of the Legal Entity Identifier (LEI)
  4. Joint Guidelines on the convergence of supervisory practices relating to the consistency of supervisory coordination arrangements for financial conglomerates
  5. Guidelines on complaints handling by insurance intermediaries
  6. Guidelines on Complaints-Handling by Insurance Undertakings

Note: Guidelines, Questions and Answers, Opinions and other documents, news and information published by EIOPA are available on the EIOPA website at www.eiopa.europa.eu.

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