Article 57. Coefficients Representing Unprofitability

On insurance activities (LRU-730-son) · Date: 23.11.2021 · In force

Insurance (reinsurance) organizations, in order to analyze their activities in the carrying out of all or certain types (classes) of insurance, shall calculate the coefficients representing unprofitability (loss ratio, expense ratio, combined ratio).

Coefficients representing unprofitability (loss ratio, expense ratio, combined ratio) — relative indicators reflecting the unprofitability of the activities of an insurance (reinsurance) organization in the carrying out of all or certain types (classes) of insurance.

The procedure for calculating the coefficients representing unprofitability (loss ratio, expense ratio, combined ratio) shall be established by the authorized state body.

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National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6124730

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Cite as: Article 57. Coefficients Representing Unprofitability On insurance activities (LRU-730-son). neolex.uz/en/laws/law-5739120/57 (lex.uz/docs/6124730)