council direct june amend credit insur suretyship insur direct eec 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 propos commiss regard opinion european parliament regard opinion econom social committe council direct eec juli coordin law regul administr provis relat take pursuit busi direct insur life assur amend direct eec elimin number diverg law member state order facilit take pursuit busi articl direct state appli pend coordin implement year notif direct export credit insur oper account support state protect insur person provid direct provid state export credit insur oper carri account guarante state oper continu exclud scope direct pend coordin articl direct state 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 barrier establish agenc branch present direct intend remedi situat interest insur person suffici safeguard suretyship insur direct prohibit feder republ germani simultan undertak suretyship insur class lift insur undertak credit insur busi amount small proport total busi requir equal reserv form part solvenc margin reserv calcul method laid direct recogn equival view cyclic natur claim credit insur purpos calcul averag burden claim mean articl direct eec treat basi insur storm hail frost risk natur risk credit insur undertak transact busi form higher guarante fund present provid direct suffici period time grant undertak requir meet oblig unnecessari impos oblig undertak oper class insur exce volum view provis direct respect credit insur mainten feder republ germani prohibit simultan undertak credit insur class longer justifi prohibit remov adopt direct articl council direct eec amend articl replac pend coordin export credit insur oper account guarante state state insur subparagraph articl word credit suretyship insur delet articl insert articl member state requir undertak establish territori underwrit risk includ class point annex hereinaft refer quot credit insur quot set equal reserv purpos offset technic deficit averag claim ratio aris class financi year equal reserv calcul rule laid 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 establish oblig set equal reserv credit insur busi premium contribut receiv respect credit insur total premium contribut receiv ecu articl sentenc replac text case undertak essenti underwrit risk credit storm hail frost financi year refer period averag burden claim indent articl replac indent ecu case risk includ class list point annex cover provis appli undertak annual amount premium contribut due class financi year exceed ecu total amount premium contribut receiv undertak concern ecu case risk includ class list point annex no indent appli subparagraph ad articl undertak carri credit insur requir increas fund refer subparagraph indent ecu member state concern undertak period year bring fund ecu period year bring fund ecu period year bring fund ecu period run date condit refer indent subparagraph fulfil insert articl respect credit insur undertak make supervisori author account show technic result technic reserv relat busi point annex direct ad annex articl member state measur compli direct januari forthwith inform commiss thereof appli measur juli latest articl notif direct member state commun commiss text main provis nation legisl adopt field govern direct articl direct address member state luxembourg june council presid tindeman oj oj oj oj oj oj direct notifi member state june annex method calcul equal reserv credit insur class method respect risk includ class insur point hereinaft refer credit insur undertak set equal reserv charg technic deficit aris class financi year reserv financi year receiv technic surplu aris credit insur busi subject limit net premium contribut reserv reach highest annual amount net premium contribut receiv previou financi year method respect risk includ class insur list point hereinaft refer credit insur undertak set equal reserv charg technic deficit aris class financi year minimum amount equil reserv averag premium contribut receiv annual previou financi year subtract cession addit reinsur accept reserv success financi year receiv technic surplu aris class reserv equal minimum calcul accord paragraph member state lai special rule calcul amount reserv amount annual levi excess minimum amount laid direct method equal reserv form class point hereinaft refer credit insur purpos offset averag claim ratio financi year class insur equal reserv calcul basi method set calcul relat incom expenditur insur account amount respect claim shortfal financi year equal reserv reach restor requir amount deem claim shortfal claim ratio financi year lower averag claim ratio refer period amount respect claim shortfal arriv multipli differ ratio earn premium financi year requir amount equal time standard devit claim ratio refer period averag claim ratio multipli earn premium financi year claim financi year excess amount respect thereof equal reserv claim deem excess claim ratio financi year higher averag claim ratio amount respect excess claim arriv multipli differ ratio earn premium financi year irrespect claim experi requir amount equal reserv reserv financi year requir amount reach restor lenght refer period year year equal reserv form underwrit loss note refer period requir amount equal reserv amount reduc averag claim ratio refer period conjunct expens ratio show premium includ safeti margin method equal reserv form class point hereinaft refer credit insur purpos offset averag claim ratio financi year class insur equal reserv calcul basi method set calcul relat incom expenditur insur account amount respect claim shortfal financi year equal reserv reach maximum requir amount deem claim shortfal claim ratio financi year lower averag claim ratio refer period amount respect claim shortfal arriv multipli differ betwen ratio earn premium financi year maximum requir amount equal time standard deviat claim ratio refer period averag claim ratio multipli earn premium financi year claim financi year excess amount respect thereof equal reserv reach minimum requir amount claim deem excess claim ratio financi year higher averag claim ratio amount respect excess claim arriv multipli differ ratio earn premium financi year minimum requir amount equal time standard deviat claim ratio refer averag claim ratio multipli earn premium financi year length refer period year year equal reserv form underwrit loss note refer period requir amount equal reserv amount amount reduc averag claim ratio refer period conjunct expens ratio show premium includ safeti margin safeti margin half time standard deviat claim ratio refer period case amount question multipli quotient half time standard deviat safeti margin