Insurance organisations and companies can consult information regarding their functions and those of the Consorcio de Compensación de Seguros in this section where they can find out the premiums and surcharges derived from the activity, self-settlement deadlines, as well as ask queries about the operation of the Consorcio..
The Consorcio's surcharges, in activities different to those of Environmental Liability, cover both Life and Non-Life insurance.
The following are surcharges in favour of the Consorcio de Compensación de Seguros:
The abovementioned surcharges must be collected by the insurance companies, along with their premiums; settling and paying them later to the Consorcio according to the procedure described in the "Sistema de Información de Recargos ¿SIR-" section.
Under this heading the different risks with compulsory surcharge in favour of the Consorcio are described, according to Articles No. 7 to 14 of its Legal Status.
| LINE | NAME | CONSORCIO SURCHARGE | MODEL |
|---|---|---|---|
| 00 | LIFE | ER Personal Injury | 10 |
| Death cover | |||
| 00 | LIFE | NOT SUBJECT | - |
| Death is not the principal cover. (2) | |||
| - | LIFE with Disablement or incapacity cover | ||
| For any reason | ER Personal Injury | 10 | |
| Independent or complementary to LIFE | Winding-up activity | 50 | |
| 01 | ACCIDENTS | ER Personal Injury | 10 |
| Winding-up activity | 50 | ||
| 02 | ILLNESS | Winding-up activity | 50 |
| (Including health care) | |||
| 03 | LAND VEHICLES (BI) | ER Property Damage | 10 |
| (not railways) | Winding-up activity | 50 | |
| 04 | RAILWAY VEHICLES (BI) | ER Property Damage | 10 |
| Winding-up activity | 50 | ||
| 05 | AIRCRAFT | Winding-up activity | 50 |
| 06 | SEA, LAKE AND RIVER CRAFTS | Winding-up activity | 50 |
| 07 | MERCHANDISE TRANSPORTED | Winding-up activity | 50 |
| (including luggage) | |||
| 08 | FIRE AND NATURAL ELEMENTS (BI) | ER Property Damage | 10 |
| Winding-up activity | |||
| 09 | OTHER DAMAGE TO PROPERTY (including hail, freezing and theft) and Agricultural Insurance (excluding Combined Agricultural Insurance) (BI) | ER Property Damage | 10 |
| Winding-up activity | 50 | ||
| 10 | CIVIL LIABILITY ARISING FROM ROAD TRAFFIC | ER Property Damage | 10 |
| MTPL | 20 | ||
| Winding-up activity | 50 | ||
| 11 | CIVIL LIABILITY ARISING FROM AIR TRAFICC | Winding-up activity | 50 |
| 12 | CIVIL LIABILITY ARISING FROM THE USE OF LACUSTRINE, MARITIME AND RIVER CRAFT | Winding-up activity | 50 |
| 13 | GENERAL CIVIL LIABILITY | Winding-up activity | 50 |
| 14 | CREDIT | Winding-up activity | 50 |
| 15 | GUARANTEE COVER | Winding-up activity | 50 |
| 16 | SUNDRY PECUNIARY LOSSES the cause of which originates from: Fire, Theft, Explosion, Atmospheric Phenomena, Machinery Breakdown | ER Pecuniary Losses | 11 |
| Winding-up activity | 50 | ||
| 16 | SUNDRY PECUNIARY LOSSES | Winding-up activity | 50 |
| Which cause is not included above | |||
| 17 | LEGAL DEFENCE | Winding-up activity | 50 |
| 18 | ASSISTANCE | Winding-up activity | 50 |
| 19 | DEATH | Winding-up activity | 50 |
(1) The classification of the risks by lines in the direct insurance other than life insurance is that established by the Law on Arrangement, supervision and solvency of insurance and reassurance companies.
(2) Life Insurance that does not mainly guarantee the risk of death. It is understood that a Life Insurance Policy mainly guarantees the risk of death if the capital in risk at any time exceeds 25% of the mathematical provision that the insurance company that had issued the policy must have constituted in accordance with the regulating standards of private insurance policies.
In order to fund them, the Law establishes the following surcharges:
These surcharges, in favour of the Consorcio in its winding-up, loss compensation and guarantee fund functions, are revenues from public right that are demandable by the urgent administrative route when they have not been paid in by the insurance companies within the set deadline, the certificate for non-payment issued by the Director-General of Insurance and Pension Funds is the enforceable title, requested for this purpose by the Consorcio.
From the moment they start their activity in Spain, insurance companies have therefore the obligation to collect the surcharges and pay them to the Consorcio.