Decree No. 503 / 2025 Coll.
Decree amending Decree No. 278 / 1998 Coll., implementing Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid, as amended
Valid
Order
Effective from 01.01.2026
Text versions:
01.01.2026
04.12.2025
503
DECLARATION
of 27 November 2025
amending Decree No. 278 / 1998 Coll., implementing Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid, as amended
The Ministry of Finance provides pursuant to § 1 paragraphs 4, 4 paragraphs 6 and 9, § 6 paragraphs 7 and § 7b paragraph 7 of Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid, as amended by Act No. 60 / 1998 Coll., Act No. 23 / 2006 Coll., Act No. 293 / 2009 Coll., Act No. 230 / 2013 Coll., Act No. 214 / 2020 Coll., Act No. 363 / 2022 Coll. and Act No. 35 / 2025 Coll.:
Decree No. 278 / 1998 Coll., implementing the Act on Insurance and Financing of Exports with State Aid, as amended by Decree No. 88 / 2000 Coll., Decree No. 355 / 2001 Coll., Decree No. 29 / 2003 Coll., Decree No. 407 / 2006 Coll., Decree No. 62 / 2010 Coll., Decree No. 116 / 2015 Coll., Decree No. 216 / 2016 Coll. and Decree No. 42 / 2023 Coll., are amended as follows:
1.
Method of calculating insurance capacity of the Export Insurance Corporation
(K § 4 (6) of the Act)
(1) The insurance capacity for export credit risk insurance is calculated as the sum
(a) the current state of business and its expected development, including the aggregate value of the export credit risks contained in
1. in insurance promise contracts; and
2. in the proposed developed insurance contracts, the conclusion of which can be expected to be qualified in the calendar year for which the State budget is drawn up; and
(b) the aggregate value of export credit risks contained in active hedging contracts.
(2) The Export Insurance Corporation shall calculate the amount of the insurance capacity referred to in paragraph 1 and shall propose to the Ministry of Finance its amount after taking into account the creation and the amount of the funds referred to in Article 3 and the state of the technical provisions. "
2. In the heading § 3 the reference reads:
"(K § 4 (9) of the Act) '.
3. Paragraph 3 (1) reads as follows:
"(1) In order to compensate for the loss incurred during the current accounting period to an extent exceeding the value of the assets the technical provisions for insurance claims of export insurance undertakings from export credit risks shall constitute the following funds:
(a) a fund consisting of a profit allocation on the basis of a decision of the general meeting or of a shareholder performing the general meeting; and
(b) a fund consisting of a subsidy from the State budget for the creation of that fund, which may be used only after the fund has been exhausted in accordance with point (a). ";
4. in Article 3 (2) (a), the words "and provisions for export credit risk insurance" shall be deleted and the word "engagement" shall be replaced by "engagement."
5. In Article 3 (3), the words, "of the expected changes to these funds following the allocation of profits of the company, of the technical provisions calculated under the law governing the insurance sector, and of the estimated cash flows from the premiums received, the premiums paid, the premiums paid and the recovered claims during the current accounting year and the year for which the State budget is drawn up," shall be replaced by "and of the anticipated changes to those funds following the allocation of profits of the company."
6. In Article 3 (4), the words "the state of the technical provisions calculated under the law governing the insurance sector 'are deleted and the words" taking into account the expected cash flows from the premiums received, the premiums paid, the premiums paid and the claims recovered during this period' are deleted.
7. Paragraph 3 (6) is deleted.
Paragraphs 7 to 9 shall be renumbered paragraphs 6 to 8.
8. In Paragraph 3 (6), the word "reserve 5 'is replaced by" reserves'.
9. In Paragraph 3 (7) of the introductory part of the provision, the word "reserve 5 'is replaced by" reserves' and the words "paragraph 7 'are replaced by" paragraph 6'.
10. in Article 3 (8), "8 (c)" is replaced by "7 (c)";
11. Sections 4 and 5 are deleted.
footnotes 4 to 6 are deleted.
12. in § 7 (2) of the introductory part of the provision, the words "§ 6 (4) of the Act" shall be replaced by the words "§ 6 (5) of the Act."
13. in Article 7 (2) (a), "Article 6 (4) of the Law" is replaced by "Article 6 (5) of the Law."
14. in § 7a (1), the words "§ 6 (4) of the Act" are replaced by the words "§ 6 (5) of the Act."
15. in § 7a (2), "§ 6 (4) of the Act" is replaced by "§ 6 (5) of the Act."
16. In Section 7a (4) of the introductory part of the provision, the words "Section 6 (4) of the Act 'are replaced by the words" Section 6 (5) of the Act'.
17. in Article 7b (1), "Article 6 (4) of the Law" is replaced by "Article 6 (5) of the Law."
18. in Articles 8 (2) and 8 (3) of the introductory part of the provision, the word "IBOR" shall be deleted.
19. in Article 8 (3) (a), "EUR" is replaced by "euro."
20. in Article 8 (3) (b), "LIBOR" is replaced by "reference interest rate" and "other currencies for which it is fixed and published" is replaced by "currency other than the euro."
21. in Article 8 (3), point (c) is deleted;
22. In Section 8a, the word "IBOR 'is deleted.
Efficacy
This Decree shall take effect on 1 January 2026.
Minister:
Ing. Stanjura v. r.
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Decree No. 503 / 2025 Coll., amending Decree No. 278 / 1998 Coll., implementing Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid, as amended |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 04.12.2025 |
|---|---|
| Effective from | 01.01.2026 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0