Insurance EuropeInsurance Europe
Position Paper
Additional comments on the OECD draft Commentaries on the Common Reporting Standard

Insurance Europe addresses the question of treatment of pre-existing cash value insurance and annuity accounts under the common reporting standard (CRS). In particular, it provides further recommendations on the meaning of the condition of “effectively prevented by law” and on the application of the residence address rule under Section III B.1, in order to address unique concerns of the insurance sector in Europe.

Published 22 May 2014
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