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Changes over time for:
Article 9
Timeline of Changes
This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.
The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.
For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.
Version Superseded: 01/11/2012
Status:
EU Directives are published on this site to aid cross referencing from UK legislation. Since IP completion day (31 December 2020 11.00 p.m.) no amendments have been applied to this version.
[Article 9 U.K.
The scheme of operations referred to in Article 8 (1) (c) shall include particulars or proof concerning:
(a)
the nature of the risks which the undertaking proposes to cover;
(b)
the guiding principles as to reinsurance;
(c)
the items constituting the minimum guarantee fund;
(d)
estimates of the costs of setting up the administrative services and the organization for securing business; the financial resources intended to meet those costs and, if the risks to be covered are classified in class 18 in point A of the Annex, the resources at the undertaking's disposal for the provision of the assistance promised
and, in addition, for the first three financial years:
(e)
estimates of management expenses other than installation costs, in particular current general expenses and commissions;
(f)
estimates of premiums or contributions and claims;
(g)
a forecast balance sheet;
(h)
estimates of the financial resources intended to cover underwriting liabilities and the solvency margin.]
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