Council Directive 91/674/EEC of 19 December 1991 on the… Article 54
Article 54
In non-life insurance the amount of any deferred acquisition costs shall be established on a basis compatible with that used for unearned premiums.
In life assurance the calculation of the amount of any acquisition costs to be deferred may be taken into the actuarial calculation referred to in Article 59.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 54 of Council Directive 91/674/EEC of 19 December 1991 on the… (LawPlayer, data as of 2026-07-04)
