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European Insurance and Occupational Pensions Authority
 

3318

Q&A

Question ID: 3318

Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision

Topic: Reporting Templates

Template: S.14.01

Status: Final

Date of submission: 09 Apr 2025

Question

Are commission claw-backs part of C0071 (Total amount of commissions paid during year) or not?

EIOPA answer

Yes, the existence of an appropriate mechanism for reclaiming the inducement in case the product lapses or is surrendered at an early stage or in case the interests of the customer have been harmed (Article 8(2)(e), Commission Delegated Regulation (EU) 2017/2359) should be part of C0071 where a national option has been exercised under Article 22(3) and 29(3), IDD to permit the use of such mechanism. C0071 should reflect the total payments made by an insurer to a distributor for the conclusion or maintenance of an insurance contract.