RASS for Insurance
Autori: avv. Maria Luisa Muserra – avv. Sofia Zuffi
The Italian BudgetLaw2024 introduced a new requirement for the companies to insure their assets against catastrophic events.
Keep in mind:
- obligation effective date: December 31, 2024 (unless extended);
- assets to be insured: Land, Buildings, Plant, Machinery, Industrial and Commercial Equipment (Tangible fixed assets item B.II no. 1), 2) and 3) Assets in the Balance Sheet);
- events to be insured: earthquakes, floods, landslides, overflows;
- deductible/franchise: not exceeding 15% of the loss;
- premiums will be proportionally to the insured risks;
- failure to comply may result in the loss of public contributions, subsidies or other benefits, including those contributions, subsidies and benefits granted during / after catastrophic events (Article 1, paragraph 102 of the Budget Law).
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La presente news ha scopi meramente informativi e non può essere intesa quale consulenza legale o volta a fornire un parere legale.
