council direct juli coordin law regul administr provis relat take pursuit busi direct insur life assur eec council european commun regard treati establish european econom commun articl thereof regard gener programm abolit restrict freedom establish titl iv thereof regard propos commiss regard opinion european parliament regard opinion econom social committe virtu gener programm remov restrict establish agenc branch case direct insur busi depend coordin condit take pursuit busi coodin effect place respect direct insur life assur order facilit take pursuit busi insur essenti elimin diverg exist nation supervisori legisl order achiev object time ensur adequ protect insur parti member state desir coordin provis relat financi guarante requir insur undertak classif risk class insur order determin activ subject compulsori author amount minimum guarante fund fix class insur concern desir exclud applic direct mutual associ virtu legal statu fulfil condit secur financi guarante desir exclud institut member state busi cover limit sector restrict law territori person law rule simultan undertak health insur credit suretyship insur insur respect recours parti legal defenc class insur continu diverg abolit restrict establish class life assur obstacl establish continu exist solut problem provid subsequ coordin effect short period time extend supervis member state class insur direct appli supervis undertak class insur subject offici author defin condit grant withdraw author provis made appli court author refus withdrawn desir bring class insur transport class bear no paragraph annex credit insur class bear no paragraph annex flexibl rule view continu fluctuat condit affect good credit search common method calcul technic reserv present subject studi commun level appear desir reserv attain coordin matter question relat determin categori invest valuat asset subsequ direct oj oj oj insur undertak possess technic reserv suffici amount meet underwrit liabil supplementari reserv solvenc margin repres free asset order provid busi fluctuat order ensur requir impos purpos determin object criteria undertak size equal foot competit desir provid margin relat volum busi undertak determin refer indic secur base premium claim desir requir minimum guarante fund relat size risk class undertaken order ensur undertak possess adequ resourc set subsequ busi solvenc margin event fall minimum secur make provis case financi condit undertak difficult meet underwrit liabil coordin rule take pursuit busi direct insur commun principl appli undertak enter market agenc branch head offic undertak situat commun desir method supervis make special provis respect agenc branch view fact asset undertak belong situat commun desir permit relax special condit observ principl agenc branch obtain favour treatment undertak commun transit provis requir order permit small medium size undertak exist adapt requir impos member state pursuanc direct subject applic articl treati import guarante uniform applic coordin rule provid respect close collabor commiss member state field adopt direct titl gener provis articl direct concern take pursuit emploi activ direct insur carri insur undertak establish member state establish class insur defin annex direct articl direct appli kind insur life assur branch insur compris assur surviv stipul ag assur death assur surviv stipul ag earlier death life assur return premium tontin marriag assur birth assur annuiti supplementari insur carri life assur undertak insur person injuri includ incapac employ insur death result accid insur disabl result accid sick kind insur underwritten addit life assur insur form part statutori system social secur type insur exist ireland unit kingdom quot perman health insur subject cancel quot oper capit redempt oper defin law member state oper provid mutual benefit institut benefit vari resourc contribut member determin flat rate basi oper carri organ legal person purpos provid mutual cover member payment premium constitut technic reserv pend coordin implement year notif direct export credit insur oper account support state articl direct appli mutual associ fulfil condit articl associ provis call addit contribut reduc benefit busi cover liabil risk constitut ancillari cover mean subparagraph annex credit suretyship risk annual contribut incom activ cover direct exce million unit account half contribut incom activ cover direct person member mutual associ direct appli mutual associ conclud associ natur agreement full reinsur insur polici issu concessionari undertak meet liabil aris polici place cede undertak case concessionari undertak subject rule direct articl direct appli institut statut law amend capac germani institut public law enjoi monopoli monopolanstalten badisch gebäudeversicherungsanstalt karlsruh bayerisch landesbrandversicherungsanstalt munich bayerisch landestierversicherungsanstalt schlachtviehversicherung munich braunschweigisch landesbrandversicherungsanstalt brunswick hamburg feuerkass hamburg hessisch brandversicherungsanstalt hessisch brandversicherungskamm darmstadt hessisch brandversicherungsanstalt kassel hohenzollernsch feuerversicherungsanstalt sigmaringen lippisch landesbrandversicherungsanstalt detmold nassauisch brandversicherungsanstalt wiesbaden oldenburgisch landesbrandkass oldenburg ostfriesisch landschaftlich brandkass aurich feuersozietät berlin berlin württembergisch gebäudebrandversicherungsanstalt stuttgart territori capac regard modifi case merger institut effect maintain benefit institut territori capac institut merg capac class insur regard modifi institut take respect territori class institut semi public institut postbeamtenkrankenkass krankenversorgung der bundesbahnbeamten franc institut caiss départemental de incendié de ardenn caiss départemental de incendié de la côte caiss départemental de incendié de la marn caiss départemental de incendié de la meus caiss départemental de incendié de la somm caiss départemental grêle du ger caiss départemental grêle de hérault ireland voluntari health insur board itali cassa di previdenza assicurazion degli sportivi sportass unit kingdom crown agent articl purpos direct quot unit account quot mean unit defin articl statut european invest bank quot match asset quot mean represent underwrit liabil express currenc asset express realiz currenc quot local asset quot mean exist asset movabl immov member state constru involv requir movabl properti deposit immov properti subject restrict measur registr mortgag asset repres claim debtor regard situat member state liquid titl ii rule applic undertak head offic situat commun section condit admiss articl member state make take busi direct insur territori subject offici author author sought compet author member state question undertak establish head offic territori state undertak head offic situat member state open branch agenc territori member state question undertak receiv author requir extend busi territori state class undertak obtain accord articl author part nation territori extend busi part member state make author subject lodg deposit provis secur articl author valid entir nation territori nation legisl permit applic seek permiss carri busi part nation territori author class insur cover entir class applic desir cover part risk pertain class list point annex open member state grant author group class point annex provid attach author denomin author class group class valid purpos cover ancillari risk includ class condit point annex fulfil pend coordin implement year notif direct feder republ germani maintain provis prohibit simultan undertak territori health insur credit suretyship insur insur respect recours parti legal defenc class articl member state requir undertak set territori author sought adopt form case kingdom belgium quot société anonym naamloz vennootschap quot quot société en commandit par action vennootschap bij wijz van geldschiet op aandelen quot quot associ assur mutuel onderling verzekeringsmaatschappij quot quot société coopér cooper vennootschap quot case denmark quot aktieselskab quot joint stock compani quot gensidig selskab quot mutual case feder republ germani quot aktiengesellschaft quot quot versicherungsverein auf gegenseitigkeit quot quot öffentlich rechtlich wettbewerb versicherungsunternehmen quot case french republ quot société anonym quot quot société form mutuel quot quot mutuel quot quot union de mutuel quot case republ ireland quot incorpor compani limit share guarante unlimit quot case italian republ quot società azioni quot quot società cooperativa quot quot mutua di assicurazion quot case grand duchi luxembourg quot société anonym quot quot société en commandit par action quot quot associ assur mutuel quot quot société coopér quot case kingdom netherland quot naamloz vennootschap quot quot onderling waarborgmaatschappij quot quot coöper verenig quot case unit kingdom quot incorpor compani limit share guarante unlimit quot quot societi regist industri provid societi act quot quot societi regist friendli societi act quot lloyd underwrit member state set undertak form public law provid institut object insur oper condit equival undertak privat law limit busi activ busi insur oper directli aris therefrom exclus commerci busi submit scheme oper accord provis articl possess minimum guarante fund provid articl undertak seek author extend busi class case refer articl part territori requir submit scheme oper accord provis articl class part territori requir show proof possess solvenc margin provid articl regard class provis articl requir higher minimum guarante fund previous possess minimum coordin measur prevent member state appli provis requir director manag technic qualif requir memorandum articl associ gener special polici condit tariff document normal exercis supervis approv abovement provis requir applic author dealt light econom requir market articl scheme oper refer articl particular proof natur risk undertak propos cover gener special polici condit propos tariff propos appli categori busi guid principl reinsur item constitut minimum guarante fund estim relat expens instal administr servic organ secur busi financi resourc intend cover addit financi year estim relat expens manag cost instal current gener expens commiss estim relat premium contribut claim forecast balanc sheet estim relat financi resourc intend cover underwrit liabil solvenc margin particular refer requir regard risk classifi no point annex refer requir regard risk classifi no point annex particular refer requir case risk classifi point articl member state requir undertak head offic territori member state seek author open agenc branch submit statut list director manag produc certif issu compet author head offic countri attest class insur undertak entitl carri possess minimum guarante fund higher minimum solvenc margin calcul accord articl state risk cover financi resourc refer articl submit scheme oper accord articl design author agent perman resid abod host countri possess suffici power bind undertak relat parti repres relat author court host countri agent legal person head offic host countri turn design individu repres compli condit design agent refus member state ground relat reput technic qualif appli director undertak head offic situat territori state question regard lloyd event litig host countri result underwritten commit assur person unfavour treat litig brought busi convent type author agent possess suffici power enabl proceed institut capac bind lloyd underwrit concern member state requir purpos extend busi agenc branch class part nation territori case provid articl applic author submit scheme oper accord articl compli condit contain coordin measur prevent member state enforc provis requir insur undertak approv gener special polici condit tariff document normal exercis supervis abovement provis requir applic author examin light econom requir market articl scheme oper agenc branch refer articl particular proof natur risk undertak propos cover host countri gener special polici condit propos tariff undertak propos appli categori busi guid principl reinsur state solvenc margin undertak refer articl estim relat expens instal administr servic organ secur busi financi resourc intend cover addit financi year estim relat expens manag estim relat premium contribut claim respect busi forecast balanc sheet agenc branch particular refer requir regard risk classifi no point annex refer requir regard risk classifi no point annex particular refer requir case risk classifi point scheme oper accompani balanc sheet profit loss account undertak past financi year busi financi year requir furnish financi year complet regard lloyd public balanc sheet profit loss account replac compulsori present annual trade account cover insur oper accompani affidavit certifi auditor certif suppli respect insur show respons incur result oper wholli cover asset document author form view state solvenc associ scheme oper observ author compet issu author forward compet author head offic countri author commun opinion month receipt document opinion commun expiri time deem favour articl decis refus author accompani precis ground notifi undertak question member state make provis appli court refus provis made regard case compet author dealt applic author expiri period month date receipt section condit exercis busi articl member state collabor close supervis financi posit author undertak articl supervisori author member state territori head offic undertak situat verifi state solvenc undertak respect entir busi supervisori author member state provid inform enabl verif effect articl member state territori busi carri requir undertak establish suffici technic reserv amount reserv determin rule fix state absenc rule establish practic state technic reserv requir cover equival match asset local countri busi carri member state permit relax rule match asset local asset regard special posit grand duchi luxembourg pend coordin legisl wind undertak retain system guarante technic reserv exist time entri forc direct regul countri busi carri determin natur asset extent purpos cover technic reserv determin rule valu asset member state technic reserv cover claim reinsur fix percentag allow case requir asset repres claim local territori notwithstand provis paragraph supervisori author member state territori head offic undertak situat verifi balanc sheet show respect technic reserv asset equival underwrit liabil assum countri undertak busi articl member state requir undertak head offic situat territori establish adequ solvenc margin respect entir busi solvenc margin correspond asset undertak free forese liabil intang item consid paid share capit case mutual concern effect initi fund half share capit initi fund paid paid part reach capit fund reserv statutori reserv free reserv underwrit liabil carri forward profit case mutual mutual type associ variabl contribut claim member call supplementari contribut financi year half differ maximum contribut contribut call subject ride limit margin request proof shown undertak agreement supervisori author member state carri busi hidden reserv result estim asset estim liabil balanc sheet hidden reserv except natur estim technic reserv determin relat amount calcul undertak conform nation regul pend coordin technic reserv amount equival differ amount reserv outstand risk calcul flat rate undertak applic minimum percentag relat premium amount obtain calcul reserv contract contract nation law option method account solvenc margin solvenc margin determin basi annual amount premium contribut averag burden claim past financi year case undertak essenti underwrit risk storm hail frost year period refer averag burden claim subject provis articl amount solvenc margin equal higher result result premium basi premium contribut inclus charg ancillari premium contribut due respect direct busi financi year financi year aggreg aggreg ad amount premium accept reinsur financi year sum deduct total amount premium contribut cancel financi year total amount tax levi pertain premium contribut enter aggreg amount obtain divid portion portion extend million unit account compris excess portion calcul ad result obtain multipli sum calcul ratio exist respect financi year amount claim remain born undertak deduct transfer reinsur gross amount claim ratio case result claim basi amount claim paid respect direct busi deduct claim born reinsur retrocessionair period aggreg aggreg ad amount claim paid respect reinsur retrocess accept period sum ad amount provis reserv outstand claim establish end financi year direct busi reinsur accept sum deduct amount claim paid period sum remain deduct amount provis reserv outstand claim establish commenc financi year preced financi year account direct busi reinsur accept seventh amount obtain period refer establish divid portion extend million unit account compris excess portion calcul ad result obtain multipli sum obtain ratio exist respect financi year amount claim remain born busi transfer reinsur gross amount claim ratio case fraction applic portion refer reduc case health insur practis similar technic basi life assur premium paid calcul basi sick tabl mathemat method appli insur reserv set increas ag addit premium collect order set safeti margin amount insur cancel contract end year insur latest contract possibl increas premium reduc payment current contract case lloyd calcul result respect premium refer paragraph made basi net premium multipli flat rate percentag fix annual intern auditor flat rate percentag calcul basi recent statist data commiss paid detail relev calcul author countri lloyd establish articl solvenc margin constitut guarante fund guarante fund unit account case risk includ class list point annex no cover unit account case risk includ class list point annex no cover unit account case risk includ class list point annex no cover busi carri undertak cover class risk class risk highest amount requir account member state provid fourth reduct minimum guarante fund case mutual associ mutual type associ articl member state prescrib rule choic asset excess repres technic reserv refer articl subject provis articl articl articl subparagraph member state restrain free dispos asset movabl immov properti form part asset author busi feder republ germani pend coordin condit take pursuit busi life assur maintain respect health insur mean articl restrict impos free dispos asset free dispos asset cover mathemat reserv subject agreement quot treuhänder quot measur coordin kingdom denmark retain forc legisl restrict free dispos asset built insur undertak cover pension payabl compulsori insur industri accid provis preclud measur member state observ rule prevail countri busi carri requir articl safeguard interest insur entitl owner member associ undertak question articl member state requir undertak head offic situat territori produc annual account cover type oper financi situat solvenc member state requir undertak oper territori render period return statist document purpos supervis compet supervisori author furnish document inform exercis supervis articl undertak compli provis articl supervisori author countri carri busi prohibit free dispos asset countri inform supervisori author countri head offic situat intent purpos restor financi situat undertak solvenc margin fallen minimum requir articl supervisori author head offic countri requir plan restor sound financi posit submit approv solvenc margin fall guarante fund defin articl supervisori author head offic countri requir undertak submit short term financ scheme approv restrict prohibit free dispos asset undertak inform author member state territori undertak author measur request measur compet supervisori author measur safeguard interest insur case provid supervisori author member state territori undertak question author collabor purpos implement provis refer articl member state make undertak assign part portfolio polici assigne possess solvenc margin due account assign supervisori author concern consult approv assign approv compet supervisori author assign affect directli polici holder insur concern section withdraw author articl author grant compet author member state territori head offic situat withdrawn author undertak longer fulfil condit admiss unabl time allow measur contain restor plan financ scheme refer articl fail oblig nation regul event withdraw author supervisori author head offic countri notifi withdraw supervisori author member state issu author undertak withdraw author supervisori author head offic countri conjunct author measur safeguard interest insur restrict free dispos asset undertak restrict impos accord provis articl subparagraph author grant agenc branch undertak head offic situat member state withdrawn agenc branch longer fulfil condit admiss fail oblig regul countri carri busi respect establish technic reserv defin articl withdraw author supervisori author countri busi carri consult supervisori author countri head offic situat deem suspend busi agenc branch consult conclud immedi advis supervisori author countri head offic situat decis withdraw author suspend busi support precis reason notifi undertak question member state make provis appli court decis titl iii rule applic agenc branch establish commun belong undertak head offic commun articl member state make access busi refer articl undertak head offic commun subject offici author member state grant author undertak fulfil condit entitl undertak insur busi nation law establish agenc branch territori member state undertak establish place manag agenc branch account specif busi undertak record relat busi transact design author agent approv compet author possess countri carri busi asset amount equal half minimum amount prescrib articl respect guarante fund deposit fourth minimum amount secur undertak margin solvenc accord requir refer articl submit scheme oper accord provis articl articl member state requir undertak establish adequ technic reserv cover underwrit liabil assum territori member state agenc branch cover technic reserv mean asset equival reserv extent fix state question match asset law member state applic calcul technic reserv determin categori invest valuat asset member state question requir asset repres technic reserv local territori articl applic articl member state requir agenc branch establish territori solvenc margin consist asset free forese liabil intang item solvenc margin calcul accord provis articl purpos calcul margin account premium contribut claim pertain busi effect agenc branch concern solvenc margin constitut guarante fund guarante fund half minimum requir articl initi deposit lodg accord articl count guarante fund asset repres solvenc margin countri busi carri amount guarante fund excess commun articl undertak obtain author member state obtain author member state establish agenc branch appli advantag solvenc margin refer articl calcul relat entir busi undertak commun case account premium contribut claim pertain busi effect agenc branch establish commun dispens lodg deposit requir articl state asset repres guarante fund member state carri busi member state question approv applic part compet author member state territori oldest establish applic situat verifi state solvenc undertak respect entir busi carri member state approv applic request undertak unanim approv member state concern verif carri compet author member state author carri verif obtain member state inform agenc branch establish territori advantag confer articl withdrawn initi member state concern articl provis articl appli relat agenc branch undertak titl appli applic articl supervisori author oldest establish carri place verif solvenc branch agenc assimil author state head offic commun undertak situat articl case withdraw author author refer articl author notifi author member state undertak oper supervisori author measur reason withdraw author inadequaci state solvenc fix member state agre request refer articl member state gave approv withdraw author articl commun mean agreement conclud pursuant treati countri agre applic provis provid titl purpos ensur condit reciproc adequ protect insur person member state titl iv transit provis articl member state undertak refer titl ii entri forc implement measur direct provid insur territori class refer articl period year commenc date notif direct order compli requir articl member state undertak refer expiri year period fulli establish margin solvenc period exceed year provid undertak accord articl submit approv supervisori author measur propos purpos exempt undertak refer annual premium contribut incom expiri period year fall short time amount minimum guarante fund requir articl requir establish minimum guarante fund end financi year respect premium contribut incom time minimum guarante fund result examin provid articl council unanim decid propos commiss exempt abolish member state undertak desir extend oper mean articl articl compli immedi rule direct undertak refer paragraph nation territori extend busi class insur part territori exempt period ten year date notif direct requir constitut minimum guarante fund refer articl undertak structur list articl continu period year notif direct carri present busi legal form constitut time notif undertak set unit kingdom quot royal charter quot quot privat act quot quot special public act quot continu carri busi present form unlimit period undertak belgium accord object carri busi intervent mortgag loan save oper accord articl provis relat supervis privat save bank coordin quot arrêt royal quot june continu undertak busi period year date notif direct member state question draw list undertak commun member state commiss request undertak compli requir articl member state ceas appli restrict measur relat mortgag deposit secur establish present regul articl member state agenc branch refer titl iii entri forc implement measur direct undertak class refer articl extend busi mean articl maximum period year date notif direct order compli condit articl articl period termin time entri forc agreement conclud countri pursuant articl latest expiri period year notif direct member state retain favour undertak countri establish territori rule appli januari respect match asset local technic reserv provid notif member state commiss limit relax grant pursuant articl favour undertak member state establish territori exceed titl final provis articl commiss compet author member state collabor close purpos facilit supervis direct insur commun examin difficulti aris applic direct articl commiss submit council year date notif direct report effect financi requir impos direct situat insur market member state commiss submit interim report council end transit period provid articl articl member state amend nation provis compli direct month notif forthwith inform commiss thereof provis amend subject articl appli month date notif articl notif direct member state ensur text main provis legisl regulatori administr natur adopt field cover direct commun commiss articl annex form integr part direct articl direct address member state brussel juli council presid nørgaard annex classif risk class insur accid includ industri injuri occup diseas fix pecuniari benefit benefit natur indemn combin injuri passeng sick fix pecuniari benefit benefit natur indemn combin land vehicl railwai roll stock damag loss land motor vehicl land vehicl motor vehicl railwai roll stock damag loss railwai roll stock aircraft damag loss aircraft ship sea lake river canal vessel damag loss river canal vessel lake vessel sea vessel good transit includ merchandis baggag good damag loss good transit baggag irrespect form transport fire natur forc damag loss properti properti includ class due fire explos storm natur forc storm nuclear energi land subsid damag properti damag loss properti properti includ class due hail frost event theft mention motor vehicl liabil liabil aris motor vehicl oper land includ carrier liabil aircraft liabil liabil aris aircraft includ carrier liabil liabil ship sea lake river canal vessel liabil aris ship vessel boat sea lake river canal includ carrier liabil gener liabil liabil form mention no credit insolv gener export credit instal credit mortgag agricultur credit suretyship suretyship direct suretyship indirect miscellan financi loss employ risk insuffici incom gener bad weather loss benefit continu gener expens unforeseen trade expens loss market loss rent revenu indirect trade loss mention financi loss trade form financi loss legal expens legal expens cost litig risk includ class includ class case refer point descript author grant class insur author simultan cover class no name quot accid health insur quot class no fourth indent name quot motor insur quot class no fourth indent name quot marin transport insur quot class no fourth indent name quot aviat insur quot class no name quot insur fire damag properti quot class no name quot liabil insur quot class no name quot credit suretyship insur quot class name choic member state question notifii member state commiss choic ancillari risk undertak obtain author princip risk belong class group class insur risk includ class author connect princip risk concern object cover princip risk cover contract insur princip risk risk includ class point annex regard risk ancillari class