The insurance industry wants to reduce the share of insurance premiums to 400 billion tomans

According to Monetary News, Gholamreza Soleimani, Director General of Central Insurance, in a letter to the Minister of Economic Affairs and Finance Seyed Ehsan Khandozi, criticized some changes in the proposed 1401 budget bill on the insurance industry in the cabinet before submitting the bill to parliament. He called for amendments to parts of the 1401 budget bill for the entire country, and proposed clauses to replace them in the bill.

In this letter, referring to the addition of the Red Crescent and the Radio and Television to the recipients of government revenues from the sale of third party insurance premiums by insurance companies in cabinet meetings, the Radio and Television and the Red Crescent And has no role in reducing road accident mortality.

According to the text of the letter, Sada-e Azadi is currently receiving significant sums from insurance and central insurance companies to build and broadcast cultural programs to reduce road accidents and traffic accidents.

In another part of this letter, the change of the deduction of 400 billion Tomans from the sales revenue of third party insurance premiums from insurance companies to 500 billion Tomans, has caused the financial bankruptcy of insurance companies and increased their dissatisfaction.

The place of expenditure of 500 billion Tomans of sales of third party insurance is not transparent

In the other part of this letter, the place of government revenue expenditure from the deduction of 500 billion Tomans from the portfolio of insurance companies, is not transparent and without transferring control over how to spend this 500 billion Tomans.

The text proposed by the Central Insurance to replace the current text of the budget bill

In this letter, the Central Insurance has requested the replacement of the proposed text of this institution with the current text of the 1401 budget bill, which is as follows:

“Insurance companies are obliged to pay the amount of four thousand billion (4,000,000,000,000) Rials from the original third party insurance premium received through a table determined based on the insurance sales (portfolio) of each company and approved by the Supreme Insurance Council. Submit the monthly statement to the general revenue line 160111 of table number (5) of this law with the treasury of the whole country.

Deposits of insurance companies subject to this paragraph shall be considered as tax eligible costs. After the approval of the Central Insurance, the obtained resources will be given to the Highways and Road Transport Organization of the country, the police of the Islamic Republic of Iran and the Emergency Organization of the country to reduce accidents in the rows related to these devices in Table (7) And mortality, cost.

The Central Insurance of the Islamic Republic of Iran is obliged to supervise the implementation of this clause.

The Roads and Transportation Organization of the country, the police and the emergency organization of the country are obliged to report their performance report once every quarter on how the funds are spent to the Central Insurance of the Islamic Republic of Iran and the State Budget and Planning Organization.

How to distribute deposit funds The subject of this section is between the relevant agencies and receiving their spending reports within the framework of the instructions that within 3 months after the approval of this law, at the suggestion of Central Insurance c. ا. Iran will be approved by the Supreme Insurance Council.

“Quarterly credit is allocated to the above-mentioned executive bodies after the approval of the central insurance and by the country’s program and budget organization based on performance.”