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
Contacts
Nicolas Jeanmart
Nicolas Jeanmart
Head of personal insurance, general insurance & macroeconomics
Alexandru Ciungu
Alexandru Ciungu
Policy advisor, macroeconomics & taxation