List of Fees

The fees applicable are specified in Law 10/2013, of  23 May,  of the Andorran Financial Authority and specifically in the following chapter:

 

Chapter five - Fees for the provision of services in the field of supervision of insurance and reinsurance

Fee concept

Fee

Supervision of the insurance activity of resident insurers and reinsurers or delegations of non-resident entities

Variable fee, which is the result of applying a fee of 0,9883 per thousand on the base fee, which in turn consists of gross premiums issued by the taxpayer

Authorisation of commencement of activities of an insurance or reinsurance entity resident in Andorra

11.653 euros

Authorisation for the establishment of a non-resident delegation of an insurance or reinsurance entity in the Principality of Andorra

11.653 euros

Authorisation or modification of internal guides

2.330 euros

Outsourcing or concentration of functions

349 euros

Portfolio transfer

1.749 euros

Structural modifications

1.749 euros

Adjustments for the calculation of technical provisions

699 euros

Authorisation for the reimbursement of equity elements

1.749 euros

Extension or removal of insurance or reinsurance entity activity

5.826 euros

Changes and appointments in senior management

349 euros

Changes in shareholder participation

699 euros

Changes in the appointment of external auditors

349 euros

Issue of certificates

233 euros

Exemption from the publication of an annual report

349 euros

Establishment of control functions within the group

699 euros

Application for the declaration of equivalence

1.749 euros

Application for authorisation to implement the simplified scheme

1.165 euros

Application for authorisation to initiate the procedure for the dissolution and liquidation of insurance and reinsurance entities

3.497 euros

Registration in the Mediation Registry

584 euros

Fee for the request for authorisation for the application of the simplified supervision regime for delegations in the Principality of Andorra of foreign insurers that meet certain requirements referred to in the Regulation, of 8 May 2019, of development of Law 12/2017 of 22 June, on the organisation and supervision of insurance and reinsurance in the Principality of Andorra.

1.165 euros

Fee for supplementary supervisory for all insurers or reinsurers subject to consolidated supervision by the AFA

5.786 euros

Fee for supplementary supervisory corresponding to the supervision on a consolidated basis for all subsidiaries of insurers and reinsurers being under the supervision of a foreign banking, financial or insurance supervisory authority, in accordance with the following provisions:

  • for each active supervised subsidiary in the insurance and reinsurer sector included in the consolidated supervision
  • for any other supervised subsidiary of an insurer and reinsurer

 

 

 

 

4.051 euros

 

  

3.472 euros