commiss regul ec februari applic articl treati categori agreement decis concert practic insur sector text eea relev commiss european commun regard treati establish european commun regard council regul eec applic articl treati categori agreement decis concert practic insur sector articl thereof publish draft regul consult advisori committe restrict practic domin posit regul eec empow commiss appli articl treati regul categori agreement decis concert practic insur sector object cooper respect establish common risk premium tariff base collect ascertain statist number claim establish common standard polici condit common coverag type risk settlement claim test accept secur devic regist inform aggrav risk pursuant council regul eec commiss adopt regul eec decemb applic articl treati categori agreement decis concert practic insur sector regul eec amend act access austria finland sweden expir march regul eec grant exempt agreement settlement claim regist inform aggrav risk commiss consid lack suffici experi handl individu case make power confer council regul eec field situat chang commiss adopt report council european parliament oper regul eec decemb econom social committe adopt opinion commiss report parliament adopt resolut commiss report june commiss held consult meet interest parti includ repres insur sector nation competit author regul juli commiss publish offici journal draft present regul invit interest parti submit comment septemb regul meet requir ensur effect protect competit provid adequ legal secur undertak pursuit object account simplifi administr supervis great extent account commiss experi field result consult report consult lead adopt regul regul eec requir exempt regul commiss defin categori agreement decis concert practic appli restrict claus agreement decis concert practic claus contain agreement decis concert practic condit satisfi move approach list exempt claus place greater emphasi defin categori agreement exempt level market power restrict claus contain agreement consist econom base approach assess impact agreement relev market recognis insur sector type collabor involv undertak relev insur market regard satisfi condit laid articl treati applic articl treati regul defin agreement capabl fall articl individu assess agreement articl account factor market structur relev market benefit block exempt limit agreement assum suffici certainti satisfi condit articl treati collabor insur undertak associ undertak calcul averag cost cover risk past life insur tabl mortal rate frequenc ill accid invalid make improv knowledg risk facilit rate risk individu compani turn facilit market entri benefit consum appli joint studi probabl impact extran circumst influenc frequenc scale claim yield type invest ensur collabor exempt extent attain object stipul agreement commerci premium exempt commerci premium lower amount result calcul tabl studi question insur revenu invest order reduc premium calcul tabl studi question bind serv refer purpos broader categori statist cost cover risk past group leewai insur undertak calcul premium narrow basi exempt joint calcul past cost risk condit statist provid detail differenti actuari adequ access calcul tabl studi insur undertak activ geograph product market question enter market insur undertak grant access calcul tabl studi reason discriminatori term compar insur undertak present market term includ commit insur undertak present market provid statist inform claim enter market includ membership associ insur respons produc calcul long access membership reason discriminatori term insur undertak activ market question fee charg access calcul relat studi insur undertak contribut consid reason purpos high constitut barrier entri market reliabl joint calcul tabl studi greater amount statist base increas insur high market share gener suffici statist intern make reliabl calcul small market share entrant inclus joint calcul tabl studi inform insur market includ larg promot competit help smaller insur facilit market entri specif insur sector subject exempt joint calcul joint studi market share threshold standard polici condit standard individu claus standard model illustr profit life assur polici produc benefit bring effici gain insur facilit market entri small inexperienc insur insur meet legal oblig consum organis benchmark compar insur polici offer insur standard polici condit lead standardis product creation signific imbal right oblig aris contract exempt appli standard polici condit condit bind expressli mention particip undertak free offer polici condit custom standard polici condit systemat exclus specif type risk provid express possibl includ cover agreement provid contractu relationship policyhold maintain excess period initi object polici prejudic oblig aris commun nation law includ risk polici addit stipul common standard polici condit gener interest person policyhold ensur real transpar benefit consum inclus insur polici risk signific number policyhold simultan expos hinder innov bundl unrel risk disincent insur offer separ specif insur cover claus impos comprehens cover cover block exempt legal requir insur includ polici cover risk signific number policyhold simultan expos inclus bind model contract standard claus reflect legal requir constitut restrict competit fall scope articl treati insur reinsur group call quot pool quot insur reinsur provid insur reinsur risk offer insuffici cover absenc pool insur reinsur undertak acquir experi risk unfamiliar group involv restrict competit standardis polici condit amount cover premium lai circumst group benefit exempt genuin risk advanc subscript capac cover risk group exist purpos provid type insur pool arrang insur reinsur exclus risk mixtur risk exist risk exempt limit period time year constitut adequ period constitut suffici histor inform claim assess necess singl pool regul grant exempt group newli creat order cover risk year exist definit quot risk quot clarifi risk exist includ definit exclud risk hitherto exist insur risk natur significantli consider increas terrorist activ fall definit risk case risk natur requir insur product cover addit modif exist insur product risk recognis insur reinsur group involv restrict competit limit circumst involv benefit justifi exempt articl treati replac compet insur entiti member gain experi sector insur involv cost save reduct premium joint reinsur advantag term exempt group justifi group question benefit signific level market power circumst restrict competit deriv exist pool outweigh advantag regul grant exempt insur reinsur group exist year creat order cover risk condit insur product underwritten group member exce threshold relev market case reinsur group case insur group threshold insur group lower insur pool involv uniform polici condit commerci premium exempt appli group question meet condit laid regul intend minimum restrict competit member group pool fall scope regul elig individu exempt depend detail pool specif condit market question insur market constantli evolv individu analysi case order determin condit articl treati met adopt associ associ insur reinsur undertak technic specif rule code practic safeti devic procedur evalu complianc safeti devic technic specif rule code practic benefici provid benchmark insur reinsur assess extent risk ask cover specif case depend qualiti secur equip instal mainten exist commun level technic specif classif system rule procedur code practic harmonis line commun legisl cover free movement good exempt regul agreement insur subject object harmonis european level lai exhaust adequ level secur secur devic appli uniformli commun agreement insur requir safeti devic undermin achiev object concern instal mainten secur devic commun level harmonis exist agreement insur lai technic specif approv procedur member state exempt regul exempt subject condit insur undertak remain free accept insur term condit wish devic instal mainten undertak approv jointli individu agreement exempt regul effect incompat articl treati interpret administr practic commiss case law court justic commiss withdraw benefit block exempt occur studi impact futur develop base unjustifi hypothes recommend standard polici condit claus creat detriment policyhold signific imbal right oblig aris contract group manag give particip undertak mean acquir reinforc posit signific market power relev market group result market share order facilit conclus agreement involv signific invest decis period valid regul fix year regul prejudic applic articl treati accord principl primaci commun law measur pursuant nation law competit prejudic uniform applic common market commun competit rule full effect measur adopt implement rule includ regul adopt regul chapter exempt definit articl exempt pursuant articl treati subject provis regul declar articl treati appli agreement enter undertak insur sector hereinaft refer quot parti quot respect joint establish distribut calcul averag cost cover risk past hereinaft quot calcul quot connect insur involv element capitalis mortal tabl tabl show frequenc ill accid invalid hereinaft quot tabl quot joint carri studi probabl impact gener circumst extern interest undertak frequenc scale futur claim risk risk categori profit type invest hereinaft quot studi quot distribut result studi joint establish distribut bind standard polici condit direct insur hereinaft quot standard polici condit quot joint establish distribut bind model illustr profit realis insur polici involv element capitalis hereinaft quot model quot set oper group insur undertak insur undertak reinsur undertak common coverag specif categori risk form insur reinsur establish recognit distribut technic specif rule code practic type secur devic exist commun level technic specif classif system rule procedur code practic harmonis line commun legisl cover free movement good procedur assess approv complianc secur devic specif rule code practic technic specif rule code practic instal mainten secur devic procedur assess approv complianc undertak instal maintain secur devic specif rule code practic articl definit purpos present regul definit appli quot agreement quot mean agreement decis associ undertak concert practic quot particip undertak quot mean undertak parti agreement respect connect undertak quot connect undertak quot mean undertak parti agreement directli indirectli power exercis half vote right ii power appoint half member supervisori board board manag bodi legal repres undertak iii manag undertak affair undertak directli indirectli parti agreement right power list undertak undertak refer directli indirectli right power list undertak parti agreement undertak refer undertak jointli right power list undertak right power list jointli held parti agreement respect connect undertak refer ii parti agreement connect undertak refer parti quot standard polici condit quot refer claus contain model refer insur polici prepar jointli insur bodi associ insur quot insur group quot mean group set insur undertak agre underwrit account particip insur risk categori ii entrust underwrit manag insur risk categori behalf insur undertak common broker common bodi set purpos quot reinsur group quot mean group set insur undertak possibl assist insur undertak order reinsur mutual part liabil respect risk categori ii incident accept behalf particip insur categori risk quot risk quot mean risk exist insur cover requir develop insur product involv extens improv replac exist insur product quot secur devic quot mean compon equip design loss prevent reduct system form element quot commerci premium quot mean price charg purchas insur polici chapter ii joint calcul tabl studi articl condit exempt exempt provid articl appli condit calcul tabl base assembl data spread number risk year chosen observ period relat ident compar risk suffici number constitut base handl statist yield figur inter alia number claim period number individu risk insur risk year chosen observ period total amount paid payabl respect claim arisen period total amount capit insur risk year chosen observ period includ detail breakdown statist actuari adequ includ element conting incom deriv reserv administr commerci cost fiscal para fiscal contribut account revenu invest anticip profit exempt provid articl articl appli condit calcul tabl studi result identifi insur undertak concern insur parti compil distribut includ statement bind made reason discriminatori term insur undertak request copi includ insur undertak activ geograph product market calcul tabl studi result refer articl agreement cover exempt exempt provid articl appli particip undertak enter undertak commit oblig undertak calcul tabl differ establish pursuant articl depart result studi refer articl chapter iii standard polici condit model articl condit exempt exempt provid articl appli condit standard polici condit establish distribut explicit statement bind recommend expressli mention particip undertak free offer polici condit custom access interest person provid simpli request exempt provid articl appli condit bind model establish distribut guidanc articl agreement cover exempt exempt provid articl appli standard polici condit claus indic level commerci premium amount cover part policyhold pai quot excess quot impos comprehens cover includ risk signific number policyhold simultan expos insur maintain polici event cancel part cover increas premium risk scope cover chang prejudic index claus alter polici condit express consent policyhold insur modifi term polici express consent policyhold impos policyhold life assur sector contract period year impos renew period year polici automat renew notic expiri period requir policyhold agre reinstat polici suspend account disappear insur risk expos risk natur requir policyhold obtain cover insur risk requir policyhold event dispos object insur make acquir insur polici exclud limit cover risk policyhold secur devic instal mainten undertak approv accord relev specif agre associ associ insur member state european level exempt provid articl benefit undertak associ undertak agre agre oblig undertak appli condit standard polici condit establish pursuant agreement particip undertak prejudic establish specif insur condit social occup categori popul exempt provid articl appli agreement decis concert practic exclud coverag risk categori characterist policyhold exempt provid articl appli prejudic legal impos oblig bind model includ interest rate figur indic administr cost exempt provid articl benefit undertak associ undertak concert undertak oblig undertak appli model illustr benefit insur polici establish pursuant agreement particip undertak chapter iv common coverag type risk articl applic exempt market share threshold concern insur reinsur group creat date entri forc present regul order exclus cover risk exempt provid articl appli period year date establish group market share group concern insur reinsur group fall scope paragraph reason exist year creat order cover risk exempt provid articl appli long present regul remain forc condit insur product underwritten group arrang particip undertak behalf market concern repres case insur group relev market case reinsur group relev market purpos appli market share threshold provid paragraph rule appli market share calcul basi gross premium incom gross premium incom data estim base reliabl market inform includ insur cover provid insur risk establish market share undertak concern market share calcul basi data relat preced calendar year market share held undertak refer articl apport equal undertak right power list articl market share refer point paragraph initi subsequ rise level exceed exempt provid articl continu appli period consecut calendar year year threshold exceed market share refer point paragraph initi subsequ rise exempt provid articl continu appli calendar year year level exceed benefit paragraph combin exce period calendar year market share refer point paragraph initi subsequ rise level exceed exempt provid articl continu appli period consecut calendar year year threshold exceed market share refer point paragraph initi subsequ rise exempt provid articl continu appli calendar year year level exceed benefit paragraph combin exce period calendar year articl condit exempt exempt provid articl appli condit particip undertak withdraw group subject period notic year incur sanction rule group oblig member group insur insur group part risk type cover group rule group restrict activ group member insur reinsur risk locat geograph part european union agreement limit output sale agreement alloc market custom member reinsur group agre commerci premium charg direct insur member group undertak exercis determin influenc commerci polici group member exercis determin influenc commerci polici group activ relev market chapter secur devic articl condit exempt exempt provid articl appli condit technic specif complianc assess procedur precis technic justifi proport perform attain secur devic concern rule evalu instal undertak mainten undertak object relat technic compet appli discriminatori manner specif rule establish distribut accompani statement insur undertak free accept insur term condit secur devic instal mainten undertak compli technic specif rule specif rule provid simpli request interest person list secur devic instal mainten undertak compliant specif includ classif base level perform obtain request assess submit time applic evalu conform impos applic expens disproportion cost approv procedur devic instal undertak mainten undertak meet assess criteria certifi effect discriminatori manner period month date applic technic consider justifi reason addit period fact complianc approv certifi write ground refus issu certif complianc write attach duplic copi record test control carri ground refus account request assess provid write specif rule appli bodi accredit norm seri en en iso iec chapter vi miscellan provis articl withdraw commiss withdraw benefit regul pursuant articl council regul eec initi request member state natur legal person claim legitim interest find case agreement exempt provid articl appli effect incompat condit laid articl treati studi exempt articl appli base unjustifi hypothes standard polici condit exempt articl appli claus creat detriment policyhold signific imbal right oblig aris contract relat common coverag type risk exempt articl appli set oper group result condit govern admiss definit risk cover agreement retrocess mean share market insur product concern neighbour product articl transit period prohibit laid articl treati appli period april march respect agreement forc march satisfi condit exempt provid regul satisfi condit exempt provid regul eec articl period valid regul enter forc april expir march regul bind entireti directli applic member state brussel februari commiss mario monti member commiss oj oj oj final ce pe