Decree No. 269 / 1993 Coll.
Decree of the Ministry of Finance laying down detailed conditions for the creation and use of the General Health Insurance Fund
Valid
Effective from 01.11.1993
269
DECLARATION
Ministry of Finance
of 15 October 1993
laying down detailed conditions for the creation and use of the General Health Insurance Fund reserve
Ministry of Finance pursuant to § 7 (b) of the Act of the Czech National Council No. 551 / 1991 Coll., on the General Health Insurance Company of the Czech Republic, provides:
Creation of a reserve fund
(1) The general health insurance fund (hereinafter referred to as "the insurance undertaking") consists of:
(a) the property of the Insurance Corporation, obtained, for example, by purchase and donation with the exception of the basic health insurance fund and other insurance funds;
(b) the proceeds from the use of the reserve and any sale of its assets;
(c) transfer of part of the balance of the basic health insurance fund declared in the insurance undertaking's annual accounts, 1)
(d) funds provided for the establishment of a reserve fund from the state budget.2)
(2) The minimum amount of the reserve fund is 10% of the average annual expenditure of the basic health insurance fund of the insurance undertaking for the immediately preceding three calendar years.
(3) The amount of the annual allocation to the reserve fund will be proposed by the Insurance Board in the insurance plan for the relevant calendar year.
Use of the reserve fund
(1) The insurance reserve fund is used:
(a) to supplement the basic health insurance fund of the Insurance Corporation to cover unexpected fluctuations in the use of the basic health insurance fund against the insurance plan, in particular in the case of epidemics, natural disasters;
(b) to cover the time discrepancy between the payments of insurance premiums and the drawing of the basic health insurance fund of the insurance undertaking;
(c) at the end of the calendar year, to transfer funds received under Paragraph 1 (1) (b) of this Order to the basic health insurance fund.
(2) When using the reserve for the purposes referred to in paragraph 1, the funds of the reserve may fall below their minimum during the calendar year (Section 1 (2)).
(3) The insurance undertaking may use the funds of the reserve fund to purchase securities. In this case, however, the stock of the reserve fund must not fall by more than 30% below its minimum level.
Paragraph 1 (2) shall apply for the first time for 1996.
This decree shall take effect on the day of its publication.
Minister:
Ing. Coachman CSc. v. r.
1) Paragraph 6 (1) of Act No. 551 / 1991 Coll., on General Health Insurance.
2) § 7 (b) of the ČNR Act No. 551 / 1991 Coll.
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Regulation Information
| Citation | Decree of the Ministry of Finance No. 269 / 1993 Coll. |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 01.11.1993 |
|---|---|
| Effective from | 01.11.1993 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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