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accounting group (FS-CD)

Collections/Disbursements (FS-CD)

A collection of insurance contracts (policy/risk) combined in terms of their type in the insurance organization. The insurance contracts are assigned to a particular accounting group for the purposes of reserve calculation.

The numbers and names of the 20 accounting groups are defined by law in Russia. Insurance companies can also create their own customer accounting groups based on their internal company policies and they assign them to the standard accounting groups.

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