UKRN CB Insurance Claims Reporting


On Jul. 16, UKRN CB updated procedure for documenting payments.


  • UKRN CB updated procedure for documenting insurance payments to individuals for tax purposes, published resolution 85 of the Board of UKRN CB, dated Jul. 15, 2024.
  • Summary
  • UKRN CB updated procedure for documenting the insurance payment, reimbursement and redemption amount under an insurance contract received by an individual.
  • In line with changes to legislation of Ukraine in the field of insurance and health care.
  • The regulation provides for an updated list of documents: medical documents, which properly confirm the fact of damage to the life and/or health of the insured person.
  • Also, possibility of settlement of insurance cases according to a simplified procedure in case of an insurance payment, amount of which does not exceed the established limit.
  • It allows to use e-services to provide supporting documents, in particular an e-passport, via portal of public services, documents from separate healthcare registers.
  • Effectiveness
  • The updates are approved by resolution 85 in force Oct. 17, 2024.

Regulators UKRN CB
Entity Types CNSM; Ins
Reference PR, 7/16/2024; Res 85, 7/15/2024;
Functions Accounting; Claims/Accelerated Benefits; Compliance; Financial; Operations; Reporting; Risk; Tax; Technology
Countries Ukraine
Category
State
Products Insurance; Insurance-Health; Insurance-Life
Regions EMEA
Rule Type Final
Rule Date 7/16/2024
Effective Date 10/17/2024
Rule Id 219680
Linked to N/A
Reg. Last Update 7/16/2024
Report Section International

Last substantive update on 07/19/2024