A class 23 insurance contract that is linked to an internal insurance fund, the assets of which are invested either in a structured product or in a combination of a derivative component and another component, comes under the moratorium.
A class 23 insurance contract that is linked to an internal insurance fund, the assets of which are invested in securities without any formula being used and without, therefore, one or more payments being made on pre-determined dates on the basis of one or more calculations based on the underlying values, does not fall under the moratorium.
As regards the fourth criterion, transparency regarding costs also includes the costs charged by the insurer.