Articles of association
Articles of association for solid insurance joint-stock companies, org. No. 516401-8482, adopted at an extraordinary general meeting on August 10, 2021.
§ 1 Company name
The company’s registered company name is Industria Försäkringsaktiebolag, and it is a public (publ) limited liability company.
§ 2 The seat of the board
The company’s board must be based in Helsingborg municipality.
§ 3 The company's operations
The company has the object of its activities to issue insurance in and outside Sweden and the EEA, partly in direct insurance as follows Non-life insurance classes: Accident and health insurance (1 and 2), land vehicles (other than rail vehicles) (3), ships (6) with limitation to recreational boats, freight transport (7), insurance against fire and other damage to property (8 and 9), motor vehicle liability (10), vessel liability (12), restrictive to recreational boats, general liability (13), credit and guarantee (14 and 15), other property damage (16), legal protection (17), assistance (18), and partly in reinsurance take over Insurance in all non-life insurance classes.
§ 4 Obligation to take out reinsurance
The company may not assume liability for its own account, which can lead to the damage cost exceeding: 20% for one and the same event, 10% for one and the same insurance event (one and the same risk). The calculation is based on reported equity and untaxed reserves according to the balance sheet.
§ 5 Share capital
The share capital must amount to a minimum of SEK 30,000,000 and a maximum of SEK 120,000,000.
§ 6 Number of shares
The number of shares must be a minimum of 20,000,000 and a maximum of 80,000,000.
§ 7 Board members
The board must consist of a minimum of three and a maximum of ten members without deputies.
§ 8 Auditors
The company must have at least one and a maximum of two auditors and a maximum of two deputy auditors. An authorized auditor or a registered auditing company shall be appointed to these.
§ 9 Notice of a general meeting
Notice of the general meeting must be made through advertising in Post- och Inrikes Tidningar and publication on the company’s website. The fact that a summons has taken place must also be advertised in Svenska Dagbladet. Shareholders who wish to participate in the general meeting must report this in accordance with the instructions in the notice. The board can decide on postal voting in accordance with the Swedish Companies Act.
§ 10 Annual General Meeting
At the Annual General Meeting, the following points are to be considered: election of the chairman, drawing up and approval of the voter list, election of one or two adjusters, approval of the agenda, examination of whether the annual general meeting has been properly convened, presentation of the annual report and audit report, decision on: determination of the result- and balance sheet, disposition of profit or loss, discharge of liability for the board and the managing director, determining the number of board members and auditors, determination of fees for the board and auditor, election of the board and auditor, other matters according to law or articles of association.
§ 11 Fiscal year
The company’s fiscal year should be January 1 – December 31.
§ 12 Reconciliation clause
The company’s shares must be registered in a reconciliation register according to the Act on securities depositories and accounting of financial instruments.
