On Aug. 8, BEL GVT issued royal decree on health insurance funds.
BEL GVT issued decree dated Jun. 20, 2024, implementing article 29(4), Aug. 6, 1990 act, on health insurance funds and national associations of health insurance funds.
Introduces amendments to decree of Dec. 4, 2002; decree of Nov. 13, 2002 repealed.
Overview
Certain criteria for funds which are not part of the compulsory insurance scheme shall be used by the sickness funds and by the national associations of sickness funds.
100% of working capital may be used for tangible, intangible, financial fixed assets to finance infrastructure necessary for operation, plus loans once conditions are met.
Securities in favor of a legal person subject to an audit by an auditor and granted to achieve objectives, in line with statutory tasks of sickness funds, national associations.
Other investments, apart from investments in financial derivatives, virtual currencies.
Required Action
Within 4 months of this decree's enactment, sickness funds and associations must notify the supervisory service of non-compliant investments, uses, and transactions.
Within 6 months of the decree's enactment, each national decree’s board of directors must adopt an investment policy declaration for their association and health funds.
Effectiveness
Royal decree enters into force on Oct. 1, 2024, following publication in official gazette.
Regulators
BEL GVT
Entity Types
IB; Ins
Reference
OG 2024/006512, 8/8/2024; OG 2002/022979, 12/4/2002;
