RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of September 30, 2014 No. 61

About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of January 11, 2010 No. 2

Based on Item 5 of article 16 of the Law of the Republic of Belarus of July 12, 2013 "About financial accounting and the reporting", Item 59 of the Regulations on insurance activity in the Republic of Belarus approved by the Presidential decree of the Republic of Belarus of August 25, 2006 No. 530 "About insurance activity" in edition of the Presidential decree of the Republic of Belarus of April 14, 2014 No. 165, of the paragraph of third subitem 4.32 of item 4 and Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585 "Questions of the Ministry of Finance of the Republic of Belarus", the Ministry of Finance of the Republic of Belarus DECIDES:

1. Bring in the resolution of the Ministry of Finance of the Republic of Belarus of January 11, 2010 No. 2 "About single questions of conducting financial accounting, creation and submission of accounting records by insurance companies and modification and amendments in some resolutions of the Ministry of Finance of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2010, No. 58, 8/21857; 2012, No. 33, 8/24982; National legal Internet portal of the Republic of Belarus, 30.12.2012, 8/26717; 18:01. 2014, 8/28222) following changes and amendments:

1.1. in appendix 1 to this resolution line item

 

"to insurance agents and brokers

632"

 

replace with line item of the following content:

 

"to insurance agents and insurance brokers

632";

 

1.2. in appendix 2 to this resolution:

1.2.1. after line item

 

"Change of reserves on the types of insurance relating to life insurance (+ or –)

030"

 

add appendix with line item of the following content:

 

"Including change of reserve of additional payments

031";

 

1.2.2. line item

 

"Profit (loss) from transactions on the types of insurance relating to life insurance (lines 010 – 020 + 030 – 040 – 050 + 055 – 056)

060"

 

replace with line item of the following content:

 

"Profit (loss) from transactions on the types of insurance relating to life insurance (lines 010 – 020 + (030 – 031) – 040 – 050 + 055 – 056)

060";

 

1.2.3. line item

 

"Profit (loss) to the taxation (line + 069 + 179 + 220 – 230)

240"

 

replace with line item of the following content:

 

"Profit (loss) to the taxation (line + 069 + 179 + 220 – 230 + 031)

240";

 

1.3. in the Instruction about features of financial accounting of the income and expenses by insurance companies approved by this resolution:

1.3.1. in Item 6:

in paragraph six:

"commission" to exclude the word;

to "(brokers)" shall be replaced with words the word ", to insurance brokers";

the tenth to exclude the paragraph;

the eleventh to consider the paragraph the paragraph the tenth;

1.3.2. in Item 11 of the word "commission fees to insurance agents and brokers" shall be replaced with words "remunerations to insurance agents and insurance brokers";

1.3.3. in Item 19:

in part one:

the fifth after words "agents and" to add the paragraph with the word "insurance";

"commission" to exclude the word from the paragraph of the ninth;

in part fifteen:

after words "agents and" to add with the word "insurance";

after words "persons and" to add with the word "insurance";

"commission" to exclude the word;

after the word of "agent" to add with the word of "insurance";

regarding the sixteenth:

after words "agents and" to add with the word "insurance";

after the word to "agent" to add with the word to "insurance";

"commission" to exclude the word;

after the word of "agent" to add with the word of "insurance";

regarding the seventeenth:

after words "agents and" to add with the word "insurance";

"commission" to exclude the word;

after the word to "agents" to add with the word "insurance";

part the eighteenth:

after words "agents and" to add with the word "insurance";

after the word to "agent" to add with the word to "insurance";

"commission" to exclude the word from part of the thirtieth;

"commission" and "commission" to exclude from part of the thirty first of the word;

in part thirty second:

"commission" to exclude the word;

shall be replaced with words words of "actually paid commission fee" "the added remuneration which is payable";

"commission" to exclude the word from part of thirty third;

1.4. in the Instruction about procedure for creation and submission of the accounting records of insurance companies approved by this resolution:

1.4.1. add Item 24 with words "which repayment is expected more than in 12 months after reporting date";

1.4.2. "to agents and" to add Item 34 part one paragraph two after words with the word "insurance";

1.4.3. to add Item 35 after the word of "months" with words ", and also the amounts of the long-term financial investments (except for the amounts of the long-term financial investments of authorized capitals of other organizations) considered on account 06 "Long-term financial investments" which repayment is expected within 12 months after reporting date";

1.4.4. to add paragraph two of Item 47 with words ", including reserve of additional payments";

1.4.5. in Item 58:

the second after words "to agents and" to add part with the word "insurance";

the ninth to add part with words ", and also the accounts payable before workers on the amounts added, but not paid at the scheduled time considered on account 76 "Settlings with different debtors and creditors";

1.4.6. in Item 66:

shall be replaced with words the words "line 030" "lines 030, 031";

after the words "the amount of change of reserves on the types of insurance relating to life insurance" to add with words ", including reserve of additional payments";

1.4.7. in Item 97-1:

to "the account credit" shall be replaced with words words to "the credit of accounts";

shall be replaced with words the words "and other accounts" ", 76 "Settlings with different debtors and creditors";

1.4.8. in part two of Item 180 of figure "091" to replace with figures "097";

1.4.9. in Item 181:

in part two of figure "091" to replace with figures "097";

to exclude from part three of the word "and become effective";

and heel of the word "also became effective" to exclude from parts four;

to exclude from part six of the word "and become effective";

1.4.10. in Item 184:

state part one in the following edition:

"184. In notes on investment of funds of insurance reserves and implementation of investments in form according to appendix 6 to this Instruction information on investment of funds of insurance reserves and implementation of investments by means of investment of capital of insurance reserves completed based on data of the balance sheet, the profit and loss statement and data of analytics of insurance company is subject to disclosure.";

in word part two to "investment into objects of investing activities" shall be replaced with words to "investment in investees";

in part three:

the word "investment" shall be replaced with words "investment of capital";

replace the word "invested" with the word "invested";

in part four:

the word "investment" shall be replaced with words "investment of capital";

the word "investments" shall be replaced with words "investments of capital";

to "investment into objects of investing activities" shall be replaced with words words to "investment in investees";

the fifth to state part in the following edition:

"In column 5 of the Section II "Placement and investment of capital of insurance reserves" is shown the accruing result since the beginning of the year total of income received by insurance company from placement and investment in investees of means of insurance reserves (lines 30, 44, 45), and also the income amounts received by insurance company from placement and investment of capital of insurance reserves in each direction.";

1.4.11. add the Instruction with Item 187 of the following content:

"187. In notes on standard rates of safe functioning for insurance companies in form according to appendix 9 to this Instruction information on the indicators used when calculating standard rates of safe functioning, and their actual values is subject to disclosure. For reflection of the specified information data of the balance sheet, the profit and loss statement, and also data of analytics of insurance company are used.";

1.4.12. to state appendices 2-4 to this Instruction in the following edition:

"Appendix 2

to the Instruction about procedure for creation and submission of accounting records of insurance companies

Form

The note to the accounting records _______________________________
                             (name of insurance company)

about insurance premiums (insurance premiums) and payments of insurance indemnity
and insurance coverage for insurance contracts, joint insurance and reinsurance

for _______________________ 20 ___.

 (thousand rubles)

Types of compulsory and voluntary insurance	Code of line	According to insurance contracts and joint insurances		On the risks accepted in reinsurance			On the risks transferred to reinsurance
		insurance premiums (insurance premiums)	insurance indemnity (insurance coverage)	insurance premiums	compensation of share of losses	amount of commission fee	insurance premiums	compensation of share of losses	amount of commission fee
1	2	3	4	5	6	7	8	9	10
I. Compulsory insurance
1. Insurance of the structures belonging to citizens	001
2. Medical insurance of the foreign citizens and stateless persons who are temporarily staying or temporarily living in the Republic of Belarus	002
3. Work accident insurance and occupational diseases	003
4. Civil responsibility insurance of owners of vehicles – all	004
Including: 4.1. agreements of internal insurance	005
4.2. agreements of all-inclusive internal insurance	006
4.3. agreements of boundary insurance	007
4.4. insurance contracts "Green card"	008
5. Civil responsibility insurance of carrier before passengers	009
6. Liability insurance of the commercial organizations performing realtor activities for damnification in connection with its implementation	010
7. Insurance with the state support of harvest of crops, the cattle and bird	011
8. Civil responsibility insurance of interim (anti-recessionary) managers in proceeedings about economic insolvency (bankruptcy)	012
9. The national insurance (provided in the legislation compulsory insurance of life, health and (or) property of citizens at the expense of means of the relevant budget)	013
10. Civil responsibility insurance of legal entities and individual entrepreneurs for the harm done by the activities connected with operation of separate objects	014
11. Civil responsibility insurance of carrier in transit dangerous goods	015
12. Other types of compulsory insurance determined by the laws or acts of the President of the Republic of Belarus	016

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