Glossary entry (derived from question below)
Spanish term or phrase:
Tributos y Consorcio
English translation:
Taxes and Insurance Consortium surcharge
Added to glossary by
patinba
Nov 19, 2020 21:46
3 yrs ago
27 viewers *
Spanish term
Tributos y Consorcio
Spanish to English
Bus/Financial
Insurance
In an insurance billing statement, as part of the breakdown of the payment.
Tributos - obviously taxes. But "consorcio"?
Tributos - obviously taxes. But "consorcio"?
Proposed translations
(English)
4 | Taxes and Insurance Consortium surcharge | patinba |
4 +1 | taxes and (insurance) syndicate expenses | Francois Boye |
3 | taxes and fees | Steven Huddleston |
3 | taxes and partnership | Lisa Rosengard |
Change log
Dec 21, 2020 22:13: patinba Created KOG entry
Proposed translations
2 days 17 hrs
Selected
Taxes and Insurance Consortium surcharge
Rather than an expense, it is an additional tax in Spain.
The Insurance Compensation Consortium (Spanish: Consorcio de Compensación de Seguros, CCS) is a compulsory Government catastrophic risk insurance in Spain. It is an insurance tax charged on prescribed classes of insurance issued by private insurers, providing cover against a series of extraordinary perils and "political risks”
The Insurance Compensation Consortium (Spanish: Consorcio de Compensación de Seguros, CCS) is a compulsory Government catastrophic risk insurance in Spain. It is an insurance tax charged on prescribed classes of insurance issued by private insurers, providing cover against a series of extraordinary perils and "political risks”
4 KudoZ points awarded for this answer.
Comment: "Thanks!"
8 mins
taxes and fees
I am assuming that they mean the membership fees for some legal association(s) that may be required (and therefore deductible) by law.
Reference:
+1
44 mins
taxes and (insurance) syndicate expenses
Peer comment(s):
agree |
Adrian MM.
: (horizontal multiple) co-insurers' pool contribution or (vertical single) reinsurer's quota share https://eng.proz.com/personal-glossaries/entry/18257900-cons...
1 hr
|
Thanks!
|
|
neutral |
philgoddard
: I think you need Spanish references.
9 hrs
|
2 days 1 hr
taxes and partnership
A consortium is an association of business firms.
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