council direct eec june coordin law regul administr provis relat direct insur life assur amend direct eec eec life insur direct council european commun regard treati establish european econom commun articl thereof regard propos commiss cooper european parliament regard opinion econom social committe complet intern market direct insur life assur point view establish freedom provid servic make easier insur undertak head offic commun cover risk situat commun council direct june coordin law regul administr provis relat direct insur life assur lai provis facilit effect exercis freedom provid servic amend direct eec eec contribut substanti achiev intern market direct insur life assur grant policyhold virtu statu size natur risk insur requir special protect member state risk situat complet freedom avail widest insur market direct eec repres import stage merg nation market integr market stage supplement commun instrument view enabl policyhold irrespect statu size natur risk insur recours insur head offic commun carri busi establish freedom provid servic guarante adequ protect direct form part bodi commun legisl enact includ council direct juli coordin law regul administr provis relat take pursuit busi direct insur life assur eec council direct decemb annual account consolid account insur undertak eec approach adopt consist bring harmon essenti suffici achiev mutual recognit author prudenti control system make grant singl author valid commun appli principl supervis home member state result take pursuit busi insur henceforth subject grant singl offici author issu compet author member state insur undertak head offic author enabl undertak carri busi commun establish freedom provid servic member state branch provis servic longer requir insur undertak carri insur busi author home member state seek fresh author direct eec eec amend line compet author home member state henceforth respons monitor financi health insur undertak includ state solvenc establish adequ technic provis cover provis match asset provis direct defin minimum standard home member state lai stricter rule insur undertak author compet author compet author member state dispos mean supervis ensur orderli pursuit busi insur undertak commun carri establish freedom provid servic introduc safeguard impos sanction aim prevent irregular infring provis insur supervis intern market compris area intern frontier involv access insur busi life assur commun possibl duli author insur cover risk refer annex direct eec end monopoli enjoi bodi member state respect coverag risk abolish provis transfer portfolio adapt bring line singl author system introduc direct direct eec effect harmon member state rule technic provis insur requir establish cover commit harmon make grant mutual recognit provis rule govern spread local match asset cover technic provis coordin order facilit mutual recognit member state rule coordin account measur liber capit movement provid council direct june implement articl treati eec progress made commun econom monetari union home member state requir insur undertak invest asset cover technic provis categori asset requir incompat measur liber capit movement provid direct eec pend adopt direct invest servic harmon inter alia definit concept regul market purpos direct prejudic futur harmon concept defin provision definit replac harmon commun level give home member state market respons matter direct transition insur undertak home member state list item solvenc margin requir direct eec made supplement account financi instrument facil grant financi institut constitut fund framework integr insur market policyhold virtu statu size natur risk insur requir special protect member state risk situat grant complet freedom choos law applic insur contract harmon insur contract law prior condit achiev intern market insur opportun afford member state impos applic law insur contract cover risk situat territori provid adequ safeguard policyhold requir special protect framework intern market policyhold interest access widest rang insur product commun choos suit member state risk situat ensur prevent market territori insur product offer sale commun long conflict legal provis protect gener good forc member state risk situat gener good safeguard rule home member state provid provis appli discrimin undertak oper member state object proport object pursu member state ensur insur product contract document establish freedom provid servic cover risk situat territori compli specif legal provis protect gener good applic system supervis emploi meet requir integr market employ constitut prior condit carri insur busi standpoint system prior approv polici condit justifi provid system suit requir intern market enabl member state guarante policyhold adequ protect policyhold natur person inform insur undertak law appli contract arrang handl policyhold complaint contract member state privat voluntari health insur serv partial complet altern health cover provid social secur system natur social consequ health insur contract justifi compet author member state risk situat requir systemat notif gener special polici condit order verifi contract partial complet altern health cover provid social secur system verif prior condit market product natur health insur serv partial complet altern health cover provid social secur system distinguish class indemn insur life assur ensur policyhold effect access privat health cover health cover voluntari basi ag risk profil end member state adopt specif legal provis protect gener good adopt maintain legal provis unduli restrict establish freedom provid servic understood provis appli ident manner home member state undertak legal provis differ natur condit member state measur provid open enrol rate uniform basi type polici lifetim cover whera object achiev requir undertak offer privat health cover health cover voluntari basi offer standard polici line cover provid statutori social secur scheme premium rate prescrib maximum particip loss compens scheme possibl requir technic basi privat health cover health cover voluntari basi similar life assur coordin effect direct eec amend direct possibl afford feder republ germani articl direct prohibit simultan transact health insur class longer justifi abolish member state requir insur undertak offer compulsori insur accid work risk territori compli specif provis laid nation law insur requir appli provis financi supervis exclus respons home member state exercis establish requir undertak maintain perman presenc member state branch respons specif interest insur person victim case parti liabil motor insur requir adequ structur member state branch collect inform compens claim relat risk suffici power repres undertak vi vi injur parti claim compens includ power pai compens repres undertak arrang repres court compet author member state connect claim compens framework intern market member state continu prohibit simultan carri insur busi territori establish freedom provid servic option grant member state connect direct eec abolish provis made system penalti impos member state risk situat insur undertak compli provis protect gener good applic member state subject insur transact form indirect taxat major appli special tax form contribut includ surcharg intend compens bodi structur rate tax contribut vari consider member state appli desir prevent exist differ lead distort competit insur servic member state pend subsequ harmon applic tax system form contribut provid member state risk situat remedi problem member state make arrang ensur tax contribut collect technic adjust detail rule laid direct time time account futur develop insur industri commiss make adjust consult insur committe set direct eec exercis implement power confer treati adopt specif provis intend ensur smooth transit legal regim exist direct applic regim introduc take care place addit workload member state compet author articl treati account extent effort made economi stage develop transit arrang adopt gradual applic direct member state adopt direct titl definit scope articl purpos direct insur undertak undertak receiv offici author accord articl direct eec branch agenc branch insur undertak regard articl direct eec home member state member state head offic insur undertak cover risk situat member state branch member state branch cover risk situat member state provis servic member state risk situat defin articl direct eec cover insur undertak branch situat member state control relationship parent undertak subsidiari defin articl direct eec similar relationship natur legal person undertak qualifi hold direct indirect hold undertak repres capit vote right make exercis signific influenc manag undertak hold subsist purpos definit context articl level hold refer articl vote right refer articl direct eec account parent undertak parent undertak defin articl direct eec subsidiari subsidiari undertak defin articl direct eec subsidiari subsidiari undertak regard subsidiari undertak undertak ultim parent undertak regul market financi market regard undertak home member state regul market pend adopt definit direct invest servic character regular oper fact regul issu approv author defin condit oper market condit access market council direct march coordin condit admiss secur offici stock exchang list eec appli condit admiss list impos direct direct appli condit satisfi financi instrument order effect dealt market purpos direct regul market situat member state countri event market recogn home member state meet compar requir financi instrument dealt market qualiti compar instrument dealt regul market market member state question compet author nation author empow law regul supervis insur undertak articl direct appli type insur undertak refer articl direct eec direct appli type insur oper undertak institut direct eec appli bodi refer articl direct articl notwithstand articl member state step ensur monopoli respect take busi class insur grant bodi establish territori refer articl direct eec abolish juli titl ii take busi insur articl articl direct eec replac articl take busi direct insur subject prior offici author author sought compet author home member state undertak establish head offic territori state undertak receiv author refer subparagraph extend busi entir class class articl articl direct eec replac articl author valid entir commun permit undertak carri busi establish freedom provid servic author grant class insur cover entir class applic wish cover risk pertain class list point annex member state grant author group class list point annex attach denomin author grant class group class valid purpos cover ancillari risk includ class condit impos point annex fulfil articl articl direct eec replac articl home member state requir insur undertak author sought adopt form case kingdom belgium quot société anonym naamloz vennootschap quot quot société en commandit par action commanditair vennootschap op aandelen quot quot associ assur mutuel onderling verzekeringsverenig quot quot société coopér cooeperatiev vennootschap quot case kingdom denmark quot aktieselskab quot quot gensidig selskab quot case feder republ germani quot aktiengesellschaft quot quot versicherungsverein auf gegenseitigkeit quot quot oeffentlich rechtlich wettbewerbsversicherungsunternehmen quot case french republ quot société anonym quot quot société assur mutuel quot quot institut de prévoyanc régie par le code de la sécurité social quot quot institut de prévoyanc régie par le code rural quot quot mutuel régi par le code de la mutualité quot case ireland incorpor compani limit share guarante unlimit 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 case unit kingdom incorpor compani limit share guarante unlimit societi regist industri provid societi act societi regist friendli societi act associ underwrit lloyd case hellen republ quot anonymi etairia quot quot allilasfalistiko synetairismo quot case kingdom spain quot sociedad anónima quot quot sociedad mutua quot quot sociedad cooperativa quot case portugues republ quot sociedad anónima quot quot mútua de seguro quot insur undertak adopt form european compani se establish member state set undertak public law form provid bodi object insur oper condit equival privat law undertak oper limit object busi insur oper aris directli therefrom exclus commerci busi submit scheme oper accord articl possess minimum guarante fund provid articl effect run person good reput profession qualif experi undertak seek author extend busi class extend author cover risk pertain class requir submit scheme oper accord articl requir show proof possess solvenc margin provid articl regard class articl requir higher minimum guarante fund possess minimum direct prevent member state maintain forc introduc law regul administr provis requir approv memorandum articl associ commun document normal exercis supervis member state adopt provis requir prior approv systemat notif gener special polici condit scale premium form print document undertak intend deal policyhold member state retain introduc prior notif approv propos increas premium rate part gener price control system direct prevent member state subject undertak seek obtain author class point annex check direct indirect resourc staff equip includ qualif medic team qualiti equip undertak meet commit aris class insur abovement provis requir applic author consid light econom requir market articl articl direct eec replac articl scheme oper refer articl includ particular proof natur risk undertak propos cover guid principl reinsur item constitut minimum guarante fund estim cost set administr servic organ secur busi financi resourc intend meet cost risk cover classifi class point annex resourc undertak dispos provis assist promis addit financi year estim manag expens instal cost current gener expens commiss estim premium contribut claim forecast balanc sheet estim financi resourc intend cover underwrit liabil solvenc margin articl compet author home member state grant undertak author busi insur inform ident sharehold member direct indirect natur legal person qualifi hold undertak amount hold author refus author take account ensur sound prudent manag insur undertak satisfi qualif sharehold member titl iii harmon condit govern busi insur chapter articl articl direct eec replac articl financi supervis insur undertak includ busi carri branch freedom provid servic sole respons home member state financi supervis includ verif respect insur undertak entir busi state solvenc establish technic provis asset cover accord rule laid practic home member state provis adopt commun level undertak question author cover risk classifi class point annex supervis extend monitor technic resourc undertak dispos purpos carri assist oper undertaken perform law home member state monitor resourc compet author home member state requir insur undertak sound administr account procedur adequ intern control mechan articl articl direct eec replac articl member state branch provid insur undertak author member state carri busi branch compet author home member state inform compet author member state branch carri intermediari person appoint purpos spot verif inform ensur financi supervis undertak author member state branch particip verif articl articl direct eec replac member state requir insur undertak head offic territori render period return statist document purpos supervis compet author provid document inform purpos supervis member state step ensur compet author power mean supervis busi insur undertak head offic territori includ busi carri outwith territori accord council direct govern busi purpos implement power mean enabl compet author make detail enquiri undertak situat busi inter alia gather inform requir submiss document insur busi carri spot investig undertak premis measur regard undertak director manag person control ensur undertak busi continu compli law regul administr provis undertak compli member state scheme oper remain mandatori prevent remedi irregular prejudici interest insur person ensur measur carri enforc judici channel member state make provis compet author obtain inform contract held intermediari articl articl direct eec repeal condit laid nation law member state author insur undertak head offic territori transfer part portfolio contract conclud establish freedom provid servic accept offic establish commun compet author home member state accept offic certifi take transfer account possess solvenc margin branch propos transfer part portfolio contract conclud establish freedom provid servic member state branch consult circumst refer paragraph compet author home member state transfer undertak author transfer obtain agreement compet author member state risk situat compet author member state consult give opinion consent compet author home member state transfer insur undertak month receiv request absenc respons period author consult consid equival favour opinion tacit consent transfer author accord articl publish laid nation law member state risk situat transfer automat valid polici holder insur person person right oblig aris contract transfer provis affect member state right give polici holder option cancel contract fix period transfer articl articl direct eec replac articl undertak compli articl compet author home member state prohibit free dispos asset commun intent compet author member state risk situat purpos restor financi situat undertak solvenc margin fallen minimum requir articl compet author home member state requir plan restor sound financi situat submit approv except circumst compet author opinion financi situat undertak deterior restrict prohibit free dispos undertak asset inform author member state territori undertak carri busi measur request measur solvenc margin fall guarante fund defin articl compet author home member state requir undertak submit short term financ scheme approv restrict prohibit free dispos undertak asset inform author member state territori undertak carri busi request measur compet author measur safeguard interest insur person case provid paragraph member state measur accord nation law prohibit free dispos asset locat territori request case provid paragraph undertak home member state design asset cover measur articl articl direct eec replac articl author grant insur undertak compet author home member state withdrawn author undertak make author month expressli renounc ceas carri busi month member state concern made provis author laps case longer fulfil condit admiss unabl time allow measur restor plan financ scheme refer articl fail oblig regul subject event withdraw laps author compet author home member state notifi compet author member state measur prevent undertak commenc oper territori establish freedom provid servic home member state compet author conjunct author measur safeguard interest insur person restrict free dispos undertak asset accord articl subparagraph subparagraph decis withdraw author support precis reason commun undertak question articl member state requir natur legal person propos acquir directli indirectli qualifi hold insur undertak inform compet author home member state indic size intend hold person likewis inform compet author home member state propos increas qualifi hold proport vote right capit hold reach exce insur undertak subsidiari compet author home member state month date notif provid subparagraph oppos plan view ensur sound prudent manag insur undertak question satisfi qualif person refer subparagraph oppos plan question fix maximum period fort implement member state requir natur legal person propos dispos directli indirectli qualifi hold insur undertak inform compet author home member state indic size intend hold person likewis inform compet author propos reduc qualifi hold proport vote right capit hold fall insur undertak ceas subsidiari awar insur undertak inform compet author home member state acquisit dispos hold capit hold exce fall treshold refer paragraph year inform name sharehold member possess qualifi hold size hold shown inform receiv annual gener meet sharehold member result complianc regul relat compani list stock exchang member state requir influenc exercis person refer paragraph oper prudent sound manag insur undertak compet author home member state measur put end situat measur consist injunct sanction director manag suspens exercis vote right attach share held sharehold member question similar measur appli natur legal person fail compli oblig provid prior inform impos paragraph hold acquir opposit compet author member state sanction adopt provid exercis vote right suspend nulliti vote cast possibl annul articl member state provid person work work compet author auditor expert act behalf compet author bound oblig profession secreci mean confidenti inform receiv perform duti divulg person author whatsoev summari aggreg form individu insur undertak identifi prejudic case cover crimin law insur undertak declar bankrupt compulsorili wound confidenti inform concern parti involv attempt rescu undertak divulg civil commerci proceed paragraph prevent compet author member state exchang inform accord direct applic insur undertak inform subject condit profession secreci laid paragraph member state conclud cooper agreement provid exchang inform compet author countri inform disclos subject guarante profession secreci equival provid articl compet author receiv confidenti inform paragraph duti check condit govern take busi insur met facilit monitor conduct busi regard monitor technic provis solvenc margin administr account procedur intern control mechan impos sanction administr appeal decis compet author court proceed initi articl special provis provid direct adopt field insur undertak paragraph preclud exchang inform member state compet author member state member state compet author author respons offici supervis credit institut financi organ author respons supervis financi market bodi involv liquid bankruptci insur undertak similar procedur person respons carri statutori audit account insur undertak financi institut discharg supervisori function disclosur bodi administ compulsori wind proceed guarante fund inform perform duti inform receiv author bodi person subject condit profession secreci laid paragraph addit notwithstand paragraph member state provis laid law author disclosur inform depart central govern administr respons legisl supervis credit institut financi institut invest servic insur compani inspector act behalf depart disclosur made reason prudenti control member state provid inform receiv paragraph obtain mean spot verif refer articl direct eec disclos case refer paragraph express consent compet author disclos inform compet author member state spot verif carri chapter articl articl direct eec replac articl home member state requir insur undertak establish adequ technic provis respect entir busi amount technic provis determin accord rule laid direct eec home member state requir insur undertak cover technic provis respect entir busi match asset accord articl direct eec respect risk situat european commun asset local communtii member state requir insur undertak local asset member state home member state permit relax rule local asset home member state technic provis cover claim reinsur fix percentag allow case local asset repres claim articl articl direct eec replac articl member state requir insur undertak head offic territori underwrit risk includ class point annex hereinaft refer quot credit insur quot set equal reserv purpos offset technic deficit averag claim ration aris class financi year equal reserv calcul accord rule laid home member state accord method set point annex regard equival amount calcul accord method set point annex equal reserv disregard purpos calcul solvenc margin member state exempt insur undertak head offic territori oblig set equal reserv credit insur busi premium contribut receiv respect credit insur total premium contribut receiv ecu articl articl direct eec repeal articl asset cover technic provis account type busi carri undertak secur safeti yield market invest undertak ensur diversifi adequ spread articl home member state author insur undertak cover technic provis categori asset invest debt secur bond monei capit market instrument loan share variabl yield particip unit undertak collect invest transfer secur invest fund land build immov properti right debt claim debt ow reinsur includ reinsur share technic provis deposit debt ow cede undertak debt ow policyhold intermediari aris direct reinsur oper claim aris salvag subrog tax recoveri claim guarante fund tangibl fix asset land build valu basi prudent amort cash bank hand deposit credit institut bodi author receiv deposit defer acquisit cost accru interest rent accru incom prepay case associ underwrit lloyd asset categori includ guarante letter credit issu credit institut mean direct eec assur undertak verifi sum aris life assur polici extent repres fund belong member inclus asset categori asset list subparagraph categori asset automat accept cover technic provis home member state lai detail rule fix condit accept asset connect requir valuabl secur guarante case debt ow reinsur determin applic rule lai home member state ensur principl compli asset cover technic provis valu net debt aris acquisit ii asset valu prudent basi allow risk amount realiz tangibl fix asset land build accept cover technic provis valu basi prudent amort iii loan undertak state author intern organ local region author natur person accept cover technic provis suffici guarante secur base statu borrow mortgag bank guarante guarante grant insur undertak form secur iv deriv instrument option futur swap connect asset cover technic provis contribut reduct invest risk facilit effici portfolio manag valu prudent basi account valuat underli asset transferr secur dealt regul market accept cover technic provis realiz short term vi debt ow claim parti accept cover technic provis deduct amount ow parti vii debt claim accept cover technic provis calcul prudent basi due allow risk amount realiz debt ow policyhold intermediari aris insur reinsur oper accept outstand month viii asset held includ invest subsidiari undertak manag part insur undertak invest behalf home member state appli rule principl laid articl account underli asset held subsidiari undertak home member state treat asset subsidiari ix defer acquisit cost accept cover technic provis extent consist calcul technic provis unearn premium notwithstand paragraph except circumst insur undertak request home member state temporarili properli reason decis accept categori asset cover technic provis subject articl articl regard asset cover technic provis home member state requir insur undertak invest total gross technic provis piec land build number piec land build close consid effect invest total gross technic provis share negoti secur treat share bond debt secur monei capit market instrument undertak loan grant borrow loan loan grant state region local author intern organ member state member limit rais undertak invest gross technic provis loan secur issu bodi borrow invest asset total gross technic provis unsecur loan includ singl unsecur loan loan grant credit institut assur undertak articl direct eec invest undertak establish member state total gross technic provis form cash hand total gross technic provis share secur treat share debt secur dealt regul market absenc limit paragraph invest categori impli asset categori accept cover technic provis limit home member state lai detail rule fix condit accept asset ensur determin applic rule principl compli asset cover technic provis diversifi spread ensur excess relianc categori asset invest market invest ii invest type asset show high level risk natur asset qualiti issuer restrict prudent level iii limit categori asset account treatment reinsur calcul technic provis iv asset held includ invest subsidiari undertak manag part insur undertak invest behalf home member state appli rule principl laid articl account underli asset held subsidiari undertak home member state treat asset subsidiari percentag asset cover technic provis subject liquid invest prudent level vi asset held includ loan debt secur issu credit institut home member state appli rule principl laid articl account underli asset held credit institut treatment appli credit institut head offic member state own member state state local author busi memorandum articl associ consist extend intermediari loan guarante state local author loan bodi close link state local author context detail rule lai condit accept asset member state give limit treatment loan unaccompani bank guarante guarante issu insur undertak mortgag form secur compar loan accompani collater ucit coordin mean direct eec invest fund compar ucit coordin mean direct secur dealt regul market compar bond debt secur monei capitalmarket instrument issu state local region author undertak belong zone defin direct eec issuer intern organ number commun member state member compar financi instrument issu bodi member state rais limit laid paragraph case debt secur issu credit institut head offic member state subject law special offici supervis design protect holder debt secur sum deriv issu debt secur invest accord law asset period valid debt secur capabl cover claim attach debt secur event failur issu prioriti basi reimburs princip payment accru interest member state requir insur undertak invest categori asset notwithstand paragraph except circumst insur undertak request home member state temporarili properli reason decis except rule laid paragraph subject articl articl point annex direct eec replac insur undertak hold match asset cover amount exceed commit currenc member state provid preced procedur commit cover asset express member state currenc requir consid satisfi asset express ecu articl articl direct eec replac home member state requir insur undertak establish adequ solvenc margin respect entir busi solvenc margin correspond asset undertak free forese liabil intang item includ paid share capit case mutual insur undertak effect initi fund member account meet criteria memorandum articl associ stipul payment made account member solvenc margin fall requir level dissolut undertak undertak debt settl memorandum articl associ stipul respect payment reason individu termin membership compet author notifi month advanc prohibit payment period relev provis memorandum articl associ amend compet author declar object amend prejudic criteria state half unpaid share capit initi fund paid part amount share capit fund reserv statutori reserv free reserv underwrit liabil profit brought forward case mutual mutal type associ variabl contribut claim member call supplementari contribut financi year half differ maximum contribut contribut call subject limit margin request product proof insur undertak hidden reserv aris undervalu asset hidden reserv except natur cumul preferenti share capit subordin loan capit includ margin consist subordin loan fix matur fix term cumul preferenti share capit minimum criteria met event bankruptci liquid insur undertak bind agreement exist subordin loan capit preferenti share capit rank claim creditor repaid debt outstand time settl subordin loan capit fulfil addit condit fulli paid fund account loan fix matur origin matur year year repay date insur undertak submit compet author approv plan show solvenc margin brought requir level matur extent loan rank compon solvenc margin gradual reduc year repay date compet author author earli repay loan provid applic made issu insur undertak solvenc margin fall requir level loan matur fix repay subject year notic loan longer consid compon solvenc margin prior consent compet author specif requir earli repay event insur undertak notifi compet author month date propos repay actual requir solvenc margin repay compet author author repay insur undertak solvenc margin fall requir level loan agreement includ claus provid circumst wind insur undertak debt repay agre repay date loan agreement amend compet author declar object amend secur matur date instrument fulfil condit includ cumul preferenti share mention preced indent margin total secur subordin loan capit refer preced indent repaid initi bearer prior consent compet author contract issu enabl insur undertak defer payment interest loan lender claim insur undertak rank subordin creditor document govern issu secur provid loss absorpt capac debt unpaid interest enabl insur undertak continu busi fulli paid amount account articl year date applic direct commiss submit report insur committe harmon solvenc margin articl articl direct eec replac articl member state prescrib rule choic asset cover technic provis refer articl subject articl articl subparagraph articl member state restrain free dispos asset movabl immov form part asset author insur undertak paragraph preclud measur member state safeguard interest isur person entitl owner member partner undertak question chapter articl articl direct eec replac case risk refer articl direct eec parti contract choos law articl member state risk situat prevent policyhold conclud contract insur undertak author condit articl direct eec long conflict legal provis protect gener good member state risk situat articl member state adopt provis requir prior approv systemat notif gener special polici condit scale premium form print document insur undertak intend deal polici holder requir systemat notif polici condit document purpos verifi complianc nation provis insur contract requir constitut prior condit undertak carri busi member state retain introduc prior notif approv propos increas premium rate part gener price control system articl articl direct eec delet articl direct amend read subject subparagraph subparagraph articl appli insur contract cover member state make insur compulsori notwithstand provis contrari member state make insur compulsori requir gener special condit compulsori insur commun compet author circul articl insur contract conclud insur undertak inform policyhold law applic contract parti free choic fact parti free choos law applic case law insur propos choos arrang handl policyhold complaint contract includ exist complaint bodi prejudic policyhold legal proceed oblig refer paragraph appli policyhold natur person rule implement articl determin accord law member state risk situat titl iv provis relat establish freedom provid servic articl articl direct eec replac articl insur undertak propos establish branch territori member state notifi compet author home member state member state requir insur undertak propos establish branch territori member state provid inform effect notif provid paragraph member state territori propos establish branch scheme oper set inter alia type busi envisag structur organ branch address member state branch document obtain deliv understood address commun author agent branch author agent possess suffici power bind undertak relat parti repres relat author court member state branch regard lloyd event litig member state branch aris underwritten commit insur person treat favour litig brought busi convent type author agent possess suffici power proceed capac bind lloyd underwrit concern undertak intend branch cover risk class point annex includ carrier liabil produc declar member nation bureau nation guarante fund member state branch compet author home member state reason doubt adequaci administr structur financi situat insur undertak good reput profession qualif experi director manag author agent take account busi plan month receiv inform refer paragraph commun inform compet author member state branch inform undertak concern compet author home member state attest insur undertak minimum solvenc margin calcul accord articl compet author home member state refus commun inform refer paragraph compet author member state branch give reason refus undertak concern month receiv inform question refus failur act subject appli court home member state branch insur undertak start busi compet author member state branch month receiv inform refer paragraph inform compet author home member state condit interest gener good busi carri member state branch receiv commun compet author member state branch commun receiv expiri period provid paragraph branch establish start busi event chang particular commun paragraph insur undertak give written notic chang compet author home member state member state branch month make chang compet author home member state compet author member state branch fulfil respect role paragraph articl articl direct eec repeal articl articl direct eec replac articl undertak intend carri busi time member state freedom provid servic inform compet author home member state indic natur risk propos cover articl articl direct eec replac articl month notif provid articl compet author home member state commun member state member state territori undertak intend carri busi freedom provid servic certif attest undertak minimum solvenc margin calcul accord articl direct eec class insur undertak author offer natur risk undertak propos cover member state provis servic time inform undertak concern member state territori undertak intend freedom provid servic cover risk class point annex direct eec carrier liabil requir undertak commun address repres refer articl direct produc declar undertak member nation bureau nation guarante fund member state provis servic compet author home member state commun inform refer paragraph period laid give reason refus undertak period refus subject appli court home member state undertak start busi certifi date inform commun provid subparagraph paragraph articl articl direct eec replac articl chang undertak intend make inform refer articl subject procedur provid articl articl articl subparagraph articl articl direct eec repeal articl compet author member state branch member state provis servic requir inform author direct request regard busi insur undertak oper territori state suppli offici languag languag state articl articl direct eec repeal member state branch provis servic adopt provis requir prior approv systemat notif gener special polici condit scale premium form print document undertak intend deal policyhold requir undertak propos carri insur busi territori establish freedom provid servic effect systemat notif ot polici condit document purpos verifi complianc nation provis insur contract requir constitut prior condit undertak carri busi member state branch provis servic retain introduc prior notif approv propos increas premium rate part gener price control system articl articl direct eec repeal undertak carri busi establish freedom provid servic submit compet author member state branch member state provis servic document request purpos articl undertak head offic member state oblig compet author member state establish undertak branch carri busi freedom provid servic territori compli legal provis applic state requir undertak concern remedi irregular situat undertak question fail action compet author member state concern inform compet author home member state author earliest opportun measur ensur undertak concern remedi irregular situat natur measur commun compet author member state concern measur home member state measur prove inadequ lack state undertak persist infring legal provis forc member state concern inform compet author home member state measur prevent penal infring includ strictli prevent undertak continu conclud insur contract territori member state ensur territori serv legal document measur insur undertak paragraph affect emerg power member state concern measur prevent irregular territori includ possibl prevent insur undertak continu conclud insur contract territori paragraph affect power member state penal infring territori undertak commit infring establish possess properti member state concern compet author accord nation law appli administr penalti prescrib infring enforc establish properti measur adopt paragraph involv penalti restrict conduct insur busi properli reason commun undertak concern year commiss submit insur committe set direct eec report summar number type case member state author refus articl direct eec articl direct eec amend direct measur paragraph member state cooper commiss provid inform requir report articl direct prevent insur undertak head offic member state advertis servic mean commun member state branch member state provis servic subject rule govern form content advertis adopt interest gener good articl articl direct eec repeal event insur undertak wound commit aris contract underwritten branch freedom provid servic met aris undertak insur contract distinct nation person insur beneficiari concern articl articl direct eec repeal insur offer unter establish freedom provid servic policyhold commit enter inform member state head offic branch contract conclud situat document issu policyhold convei inform refer subparagraph oblig impos subparagragh appli risk refer articl direct eec contract document grant cover insur propos bind policyhold state address head offic branch insur undertak grant cover member state requir address repres insur undertak refer articl direct eec document refer subparagraph articl articl direct eec repeal insur undertak inform compet author home member state separ respect transact carri establish carri freedom provid servic amount premium claim commis deduct reinsur member state group class class point annex direct eec includ carrier liabil frequenc averag cost claim group class defin accid sick class motor class figur class exclud carrier liabil separ fire damag properti class aviat marin transport class gener liabil class credit suretyship class class class compet author home member state forward inform reason time aggreg form compet author member state concern request articl articl direct eec repeal direct affect member state requir undertak carri busi territori establish freedom provid servic join particip term undertak author scheme design guarante payment insur claim insur person injur parti articl articl direct eec repeal prejudic subsequ harmon insur contract subject exclus indirect tax parafisc charg insur premium member state risk situat defin articl direct eec case spain surcharg legal establish favour spanish consorcio de compensación de seguro perform function relat compens loss aris extraordinari event occur member state derog indent articl direct eec purpos paragraph moveabl properti contain build situat territori member state good commerci transit risk situat member state build content cover insur polici law applic contract articl direct eec affect fiscal arrang applic pend futur harmon member state appli undertak cover risk situat territori nation provis ensur collect indirect tax parafisc charg due subparagraph titl transit provis articl thaij gt feder republ germani postpon januari applic sentenc subparagraph articl period provis subparagraph appli situat refer articl technic basi calcul premium commun compet author home member state accord sentenc subparagraph articl author delai forward inform compet author member state risk situat comment compet author home member state account comment inform compet author member state risk situat detail state reason articl member state insur undertak head offic territori build land cover technic provis exce time notif direct percentag laid articl period expir decemb compli provis articl kingdom denmark postpon januari applic direct compulsori insur accid work period exclus provid articl direct eec accid work continu appli kingdom denmark articl spain decemb greec portug decemb oper transit arrang contract cover risk situat exclus member state defin articl direct eec derog articl direct eec articl direct compet author member state question requir commun gener special insur polici condit amount technic provis relat contract refer articl determin supervis member state concern accord rule fail accord procedur establish territori accord direct cover technic provis equival match asset local asset effect supervis member state accord rule practic adopt accord direct titl vi final provis articl technic adjust made direct eec eec direct adopt accord procedur laid direct eec extens legal form provid articl direct eec amend list set annex direct eec adapt terminolog list account develop insur market clarif item constitut solvenc margin list articl direct eec account creation financi instrument alter minimum guarante fund provid articl direct eec account econom financi develop amend account creation financi instrument list asset accept cover technic provis set articl direct rule spread invest laid articl relax match rule laid annex direct eec account develop currenc hedg instrument progress made econom monetari union clarif definit order ensur uniform applic direct eec eec direct commun articl branch start busi accord provis forc member state establish entri forc provis adopt implement direct presum subject procedur laid articl direct eec govern date entri forc articl direct eec articl direct articl affect right acquir insur undertak carri busi freedom provid servic entri forc provis adopt implement direct articl articl insert direct eec articl condit laid nation law member state author agenc branch set territori cover titl transfer part portfolio contract accept offic establish member state compet author member state member state refer articl certifi take transfer account accept offic possess solvenc margin condit laid nation law member state author agenc branch set territori cover titl transfer part portfolio contract insur undertak head offic member state compet author member state certifi take transfer account accept offic possess solvenc margin condit laid nation law member state author agenc branch set territori cover titl transfer part portfolio contract agenc branch cover titl set territori member state ensur compet author member state accept offic member state refer articl certifi take transfer account accept offic possess solvenc margin law member state accept offic permit transfer state agre transfer circumst refer paragraph member state transfer agenc branch situat author transfer obtain agreement compet author member state risk situat member state transfer agenc branch situat compet author member state consult give opinion consent compet author home member state transfer insur undertak month receiv request absenc respons author consult period consid equival favour opinion tacit consent transfer author accord articl publish laid nation law member state risk situat transfer automat valid policyhold insur person person right oblig aris contract transfer provis affect member state give policyhold option cancel contract fix period transfer articl notwithstand provis contrari member state contract cover risk class point annex direct eec serv partial complet altern health cover provid statutori social secur system requri contract compli specif legal provis adopt member state porotect gener good class insur gener special condit insur commun compet author member state member state requir health insur system refer paragraph oper technic basi similar life assur premium paid calcul basi sick tabl statist data relev member state risk situat accord mathemat method insur reserv set increas ag insur cancel contract fix period determin member state risk situat contract premium increas payment reduc current contract contract policyhold chang exist contract contract compli paragraph offer insur undertak branch take account acquir right account reserv increas ag medic examin requir increas cover event compet author member state concern publish sick tabl relev statist data refer subparagraph transmit compet author home member state premium suffici rason actuari assumpt undertak meet commit regard aspect financi situat home member state requir technic basi calcul premium commun compet author product circul paragraph appli exist contract modifi articl member state requir insur undertak offer risk compulsori insur accid work territori compli specif provis nation law insur provis financi supervis exclus respons home member state articl member state ensur decis respect isur undertak law regul administr provis adopt accord direct subject appli court articl member state adopt law regul administr provis complianc direct decemb bring forc juli forthwith inform commiss thereof adopt measur member state includ refer direct make refer effect offici public manner refer made laid member state member state commun commiss text main provis nation law adopt field cover direct articl direct address member state luxembourg june council presid vitor martin oj oj oj oj oj oj amend direct eec oj oj amend direct eec oj oj oj oj oj oj oj amend direct eec oj oj amend direct eec oj oj amend direct eec oj oj