English Translation

49 09 -12-- reserves to cover exceptional losses and the necessary reserves. The security reserve in the public insurance sector should amount to 2 % of the total amount of insurance. For other types of insurance operated by the institution, security reserves must be constituted in proportion to the supervisory directives. If the guarantee reserves, to which the revenue which is not consumed during the accounting year also accrues, have reached the required level or have recovered after use, surpluses beyond that may be used, on a proposal from the Director-General, by a decision of the Board of Directors, to reduce the ordinary contributions or to allocate a further reserve. The supervisory authority may permit that, even before the security reserves have been filled, surpluses in the interest of the insurer Caa daaaa (2) Instalt is obliged to take reinsurance in order to cover certain excess losses. If the benefits of the reinsurer and the ordinary pd are also used for the free reserves as well as for the means of security reserves of 50 %, extraordinary contributions shall be made, the amount and proportion of which shall be fixed by the Administrative Council in relation to the ordinary contributions. The collection of extraordinary contributions is permissible only with the agreement of the supervisory authority. § 22 tanotnte nts p tna (1) The assets of the instalt must be invested with certainty. (2) The assets and revenues of the Änstalt may only be used in the Interosse dor and their premises sowiczi to the tasks specified in § 21. 23