Rulebook search

1. Member States shall not require the prior approval or systematic notification of general and special policy conditions, of scales of premiums, of the technical bases, used in particular for calculating scales of premiums and technical provisions, or of forms and other printed documents which an...

Member States shall not require that any application for authorisation be considered in the light of the economic requirements of the market.for the normal exercise of supervision.

1. The scheme of operations referred to in Article 18(1)(c) shall include particulars or evidence of the following:(a) the nature of the risks or commitments which the insurance or reinsurance undertaking concerned proposes to cover;(b) the kind of reinsurance arrangements which the reinsurance...

1. The supervisory authorities of the home Member State shall not grant to an undertaking an authorisation to take up the business of insurance or reinsurance before they have been informed of the identities of the shareholders or members, direct or indirect, whether natural or legal persons, who...

1. The supervisory authorities of any other Member State concerned shall be consulted prior to the granting of an authorisation to:(a) a subsidiary of an insurance or reinsurance undertaking authorised in that Member State;(b) a subsidiary of the parent undertaking of an insurance or reinsurance...

Member States shall ensure that the supervisory authorities are provided with the necessary means, and have the relevant expertise, capacity, and mandate to achieve the main objective of supervision, namely the protection of policy holders and beneficiaries.

Without prejudice to the main objective of supervision as set out in Article 27, Member States shall ensure that, in the exercise of their general duties, supervisory authorities shall duly consider the potential impact of their decisions on the stability of the financial systems concerned in the...

1. Supervision shall be based on a prospective and risk-based approach. It shall include the verification on a continuous basis of the proper operation of the insurance or reinsurance business and of the compliance with supervisory provisions by insurance and reinsurance undertakings.2...

1. The financial supervision of insurance and reinsurance undertakings, including that of the business they pursue either through branches or under the freedom to provide services, shall be the sole responsibility of the home Member State.2. Financial supervision pursuant to paragraph 1 shall...