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English to Slovak translations [PRO] Bus/Financial - Insurance
English term or phrase:insurer of state
I am not sure if I'm posting the question in the right place... I'm translating an English text into Polish, but it's about the Slovak health insurance system.
Here it goes:
The Group records revenues from compulsory health insurance services provided in the Slovak Republic as regulated by the applicable law of the Republic of Slovakia (local law). The policy-holders of compulsory health insurance are salaried employees, self-employed persons, self-payers and **insurers of State**.''
''Insurers of State:
Health insurance revenue is recorded based on the monthly statement prepared by the Official Authority. The annual amount of health insurance is approved by the State budget, 1/12 of approved sum is monthly distributed to health insurance companies based on the number of state insurers.''
Does ''insurer of state'' mean '' a state-owned insurance company?''