TABLE OF CONTENTS TITLE I GENERAL RULES ON THE TAKING-UP AND PURSUIT OF DIRECT INSURANCE AND REINSURANCE ACTIVITIES CHAPTER I Subject matter, scope and definitions SECTION 1 Subject matter and scope SECTION 2 Exclusions from scope Subsection 1 General Subsection 2 Non-life Subsection 3 Life Subsection 4 Reinsurance SECTION 3 Definitions CHAPTER II Taking-up of business CHAPTER III Supervisory authorities and general rules CHAPTER IV Conditions governing business SECTION 1 Responsibility of the administrative, management or supervisory body SECTION 2 System of governance SECTION 3 Public disclosure SECTION 4 Qualifying holdings SECTION 5 Professional sedcrecy, exchange of information and promotion of supervisory convergence SECTION 6 Duties of auditors CHAPTER V Pursuit of life and non-life insurance activity CHAPTER VI Rules relating to the valuation of assets and liabilities, technical provisions, own funds, solvency capital requirement, minimum capital requirement and investment rules SECTION 1 Valuation of assets and liabilities SECTION 2 Rules relating to technical provisions SECTION 3 Own funds Subsection 1 Determination of own funds Subsection 2 Classification of own funds Subsection 3 Eligibility of own funds SECTION 4 Solvency capital requirement Subsection 1 General provisions for the solvency capital requirement using the standard formula or an internal model Subsection 2 Solvency capital requirement standard formula Subsection 3 Solvency capital requirement full and partial internal models SECTION 5 Minimum capital requirement SECTION 6 Investments CHAPTER VII Insurance and reinsurance undertakings in difficulty or in an irregular situation CHAPTER VIII Right of establishment and freedom to provide services SECTION 1 Establishment by insurance undertakings SECTION 2 Freedom to provide services: by insurance undertakings Subsection 1 General provisions Subsection 2 Third party motor vehicle liability SECTION 3 Competencies of the supervisory authorities of the host member state Subsection 1 Insurance Subsection 2 Reinsurance SECTION 4 Statistical information SECTION 5 Treatment of contracts of branches in winding-up proceedings CHAPTER IX Branches established within the community and belonging to insurance or reinsurance undertakings with head offices situated outside the community SECTION 1 Taking-up of business SECTION 2 Reinsurance CHAPTER X Subsidiaries of insurance and reinsurance undertakings governed by the laws of a third country and acquisitions of holdings by such undertakings TITLE II SPECIFIC PROVISIONS FOR INSURANCE AND REINSURANCE CHAPTER I Applicable law and conditions of direct insurance contracts SECTION 1 Applicable law SECTION 2 Compulsory insurance SECTION 3 General good SECTION 4 Conditions of insurance contracts and scales of premiums SECTION 5 Information for policy holders Subsection 1 Non-life insurance Subsection 2 Life insurance CHAPTER II Provisions specific to non-life insurance SECTION 1 General provisions SECTION 2 Community co-insurance SECTION 3 Assistance SECTION 4 Legal expenses insurance SECTION 5 Health insurance SECTION 6 Insurance against accidents at work CHAPTER III Provisions specific to life insurance CHAPTER IV Rules specific to reinsurance TITLE III SUPERVISION OF INSURANCE AND REINSURANCE UNDERTAKINGS IN A GROUP CHAPTER I Group supervision: definitions, cases of application, scope and levels SECTION 1 Definitions SECTION 2 Cases of application and scope SECTION 3 Levels CHAPTER II Financial position SECTION 1 Group solvency Subsection 1 General provisions Subsection 2 Choice of calculation method and general principles Subsection 3 Application of the calculation methods Subsection 4 Calculation methods Subsection 5 Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding company or a mixed financial holding company Subsection 6 Supervision of group solvency for groups with centralised risk management SECTION 2 Risk concentration and intra-group transactions SECTION 3 Risk management and internal control CHAPTER III Measures to facilitate group supervision CHAPTER IV Third countries CHAPTER V Mixed-activity insurance holding companies TITLE IV REORGANISATION AND WINDING-UP OF INSURANCE UNDERTAKINGS CHAPTER I Scope and definitions CHAPTER II Reorganisation measures CHAPTER III Winding-up proceedings CHAPTER IV Common provisions TITLE V OTHER PROVISIONS TITLE VI TRANSITIONAL AND FINAL PROVISIONS CHAPTER I Transitional provisions SECTION 1 Insurance SECTION 2 Reinsurance SECTION 3 Insurance and reinsurance CHAPTER II Final provisions ANNEX I CLASSES OF NON-LIFE INSURANCE A. Classification of risks according to classes of insurance B. Description of authorisations granted for more than one class of insurance ANNEX II CLASSES OF LIFE INSURANCE ANNEX III LEGAL FORMS OF UNDERTAKINGS A. Forms of non-life insurance undertaking : B. Forms of life insurance undertaking : C. Forms of reinsurance undertaking : ANNEX IV SOLVENCY CAPITAL REQUIREMENT (SCR) STANDARD FORMULA 1. Calculation of the Basic Solvency Capital Requirement 2. Calculation of the non-life underwriting risk module 3. Calculation of the life underwriting risk module 4. Calculation of the market risk module ANNEX V GROUPS OF NON-LIFE INSURANCE CLASSES FOR THE PURPOSES OF ARTICLE 159 ANNEX VI Part A Repealed Directives with list of their successive amendments (referred to in Article 310) Part B List of time-limits for transposition into national law (referred to in Article 310) ANNEX VII CORRELATION TABLE

1. Vue d’ensemble

1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

3. Normes associées

• Builddate: 17.01.2025 00:00:00 -Doknr: CELEX:32009L0138
• EULAW -

  European Regulation published on http://eur-lex.europa.eu/