Where they differ is in their time horizon: insurance companies collect premiums on long-term contracts, whereas banks take a large number of demand  2  Decree Law 83/2012, amended and converted into Law 134/2012. The decree was recast in October by the second Development Decree (Decree Law 179/2012, amended and converted into Law 221/2012).
3  Decree Law 145/2013, amended and converted into Law 9/2014. 4  Decree Law 91/2014, amended and converted into Law 113/2014. BIS central bankers’ speeches  3  deposits.