Glossary entry

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"?
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”
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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.
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+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
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2 days 1 hr

taxes and partnership

A consortium is an association of business firms.
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