Definition:
Shall be appropriated to cover current and future obligations that may result from concluded insurance contracts(policies). The technical provisions shall be made up of: provision for unearned premiums, provision for unexpired risks, provision for claims outstanding, including provision for capitalised value of annuities, equalisation provision, life assurance provision, provision for life assurance policies where the investment risk is borne by the policyholder, provision for bonuses and rebates for the insured, provision for premium repayment to undertaking members, other technical provisions specified in the articles of association.

Source:

• Council Directive 91/674/EEC of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings
  Place of publication: (Dz. Urz. UE L 374 z 31.12.1991, str. 7—31)
• Regulation of the Minister of Finance of 28 December 2009 on special accounting rules for insurance and reinsurance companies
  Place of publication: (Dz. U. poz. 1825, z późn. zm.)