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German to English translations [PRO]
Bus/Financial - Insurance | | German term or phrase: Deckungsstock | Grundsätzlich gilt: Jeder Lebensversicherer hat gemäß § 20 (3) Versicherungsaufsichtsgesetz (VAG) für die jederzeitige Erfüllbarkeit der Versicherungsverträge Rückstellungen zu bilden. Rückstellungen müssen – sofern im Versicherungsvertrag ein Sparprozess beinhaltet ist – durch Vermögenswerte stets voll bedeckt sein. Diese Vermögenswerte werden im sogenannten Deckungsstock zusammengefasst.
The text deals with the security of investments in life insurance. I know Deckungsstock has come up in questions before but I'm not sure the context is the same here. |
| | | Selected response from:
 Spud Murphy
Germany
Local time: 10:31
| Grading comment The client in the end preferred "cover fund". Thanks for your suggestion.
2 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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30 mins confidence:  capital sum for annuity payments
Explanation:
Deckungsstock is a fund that is set up for "Rentenleistungen", it`s almost like a safety net /fond
| Spud Murphy
Germany
Local time: 10:31
Specializes in field
Native speaker of:  English
PRO pts in category: 6
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| | Grading comment | The client in the end preferred "cover fund". Thanks for your suggestion. |
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