law

When a life insurance policy is subject to capital gains tax, the tax is due as soon as a capital gain is realized upon surrender or upon the payment of the death benefit at the end of the policy term.If the policy is paid out following the death of the insured, the beneficiaries under the death benefit clause do not have to pay any capital gains tax on the realized gains. It goes without saying, however, that inheritance tax may still be due in accordance with applicable law.

There are two ways to collect capital gains tax. The standard method is withholding tax (opt-in). The standard method provided for by law is withholding at source. This means that the insurance company automatically withholds the tax when the lump-sum payment is made and remits it to the tax authorities. You can include these capital gains on your tax return to take advantage of the annual exemption and to deduct any capital losses. With the other method, there is no withholding tax (opt-out

: information about existing contracts between us, between the individual and third parties; • Aggregate data: this data may be derived from your personal data but is not considered personal data by law because such data, such as statistical or demographic data... anti- money laundering and anti-terrorism procedures, if required by law or certain guidelines or regulations of a competent supervisory authority. 4 HOW WE USE YOUR PERSONAL DATA LEGALLY We may use your personal data on various legal bases, subject

2024. The purpose of the SFCR is to meet the public disclosure requirements of Articles 290 to 303 of the Commission Delegated Regulation (EU) 2015/35 (“Delegated Regulation”) and Articles 95 and 96 of the Law of 13 March 2016 on the statute and supervision of insurance or reinsurance undertakings (“Solvency II Law”). This report quotes all nominal amounts in thousands of euro (€ ’000), unless otherwise stated, as per Article 2 of ITS 2015/2452. Business Information Monument Re Ltd (“Monument Re

7:96, 7:115 and 7:117 of the Belgian Companies and Associations Code of 23 March 2019; • Article 80/1 of the Belgian Law of 13 March 2016 on the legal status and supervision of insurance or reinsurance companies; • NBB Circular NBB_2016_31 of 5 May 2020 on the NBB’s prudential expectations concerning the governance system in the insurance and reinsurance sector; • Articles 283 and 288 of the Belgian Insurance Law of 4 April 2014, which includes the transposition of Directive (EU) 2016/97 (the

the accomplishment of the corporate object, excluding those reserved by law or statutes to the general meeting. The Board of Directors is supported by an Audit Committee and a Risk &Compliance Committee. The day-to-day management of the company is

Regulation”) and Articles 95 and 96 of the Law of 13 March 2016 on the statute and supervision of insurance or reinsurance undertakings (“Solvency II Law”). This report quotes all nominal amounts in thousands of euro (€ ’000), unless otherwise stated..., the following changes are to be noted: ▪ In accordance with Article 52 of the Solvency II Law, an additional specialized committee was established in 2023, namely the Risk and Compliance Committee (“RCC”), supporting the Board of Directors (“Board

Delegated Regulation (EU) 2015/35 (“Delegated Regulation”) and Articles 95 and 96 of the Law of 13 March 2016 on the statute and supervision of insurance or reinsurance undertakings (“Solvency II Law”). This report quotes all nominal amounts in thousands... its system of governance. For instance, the establishment of additional specialized committees will be assessed in accordance with Article 52 of the Solvency II Law in 2023. Overall, the Company is committed to adhere to the Solvency II principles

the Law of 13 March 2016 on the statute and supervision of insurance or reinsurance undertakings (“Solvency II Law”). This report quotes all nominal amounts in thousands of euro (€ ’000), unless otherwise stated, as per Article 2 of ITS 2015/2452... new Transparency Law within the corporate insurance business. 16 System of Governance The Company has established a system of governance appropriate to the Company’s business strategy and operations. There is clear delegation of responsibilities

public disclosure requirements of Articles 290 to 303 of the Commission Delegated Regulation (EU) 2015/35 (“Delegated Regulation”) and Articles 95 and 96 of the Law of 13 March 2016 on the statute and supervision of insurance or reinsurance... March 2018, at which time the Company was renamed Monument Assurance Belgium NV (“MAB”). MAB is a public limited company under Belgian law ("naamloze vennootschap"), under the company number 0478.291.162 and with administrative code 1644. As an