Council Directive 91/674/EEC of 19 December 1991 on the… Article 30

Article 30

Liabilities: item C (5) Equalization provision 1. The equalization provision shall comprise any amounts set aside in compliance with legal or administrative requirements to equalize fluctuations in loss ratios in future years or to provide for special risks. 2. Where, in the absence of any such legislative or administrative requirements, reserves within the meaning of Article 20 have been constituted for the same purpose, this shall be disclosed in the notes on the accounts.