Loss reserve

(1) The articles of association must specify that a reserve (loss reserve, reserve fund) is to be established to cover an extraordinary loss arising from the business operation, what amounts are to be set aside each year, and what minimum amount the reserve must reach.
(2) The articles of association may provide that the highest representative body may resolve on a withdrawal from the loss reserve to be used for the benefit of the members or the insured. The resolution requires the approval of the supervisory authority.