1. Member States shall take the measures necessary to ensure that guarantee institutions guarantee ... payment of employees' outstanding claims resulting from contracts of employment or employment relationships and relating to pay for the period prior to a given date.
2. Member States may require or permit the reinsurance amounts to be shown as assets. Where this option is exercised, those amounts shall be shown as assets under an item Da (Reinsurers' share of technical provisions), subdivided as follows: 1. Provision for unearned premiums 2. Life assurance provision 3. Claims outstanding 4. Provisions for bonuses and rebates (unless shown under 2) 5. Other technical provisions.
