1. Introductory Text

  2. TITLE I DEFINITIONS AND SCOPE

    1. Article 1.Definitions

    2. Article 2.Scope

    3. Article 3.Activities and bodies excluded

  3. TITLE II THE TAKING UP OF THE BUSINESS OF LIFE ASSURANCE

    1. Article 4.Principle of authorisation

    2. Article 5.Scope of authorisation

    3. Article 6.Conditions for obtaining authorisation

    4. Article 7.Scheme of operations

    5. Article 8.Shareholders and members with qualifying holdings

    6. Article 9.Refusal of authorisation

    7. Article 9a.Prior consultation with the competent authorities of other Member States

  4. TITLE III CONDITIONS GOVERNING THE BUSINESS OF ASSURANCE

    1. CHAPTER 1 PRINCIPLES AND METHODS OF FINANCIAL SUPERVISION

      1. Article 10.Competent authorities and object of supervision

      2. Article 11.Supervision of branches established in another Member State

      3. Article 12.Prohibition on compulsory ceding of part of underwriting

      4. Article 13.Accounting, prudential and statistical information: supervisory powers

      5. Article 14.Transfer of portfolio

      6. Article 15.Qualifying holdings

      7. Article 15a.Assessment period

      8. Article 15b.Assessment

      9. Article 15c.Acquisitions by regulated financial undertakings

      10. Article 16.Professional secrecy

      11. Article 17.Duties of auditors

      12. Article 18.Pursuit of life assurance and non-life insurance activities

      13. Article 19.Separation of life assurance and non-life insurance management

    2. CHAPTER 2 RULES RELATING TO TECHNICAL PROVISIONS AND THEIR REPRESENTATION

      1. Article 20.Establishment of technical provisions

      2. Article 21.Premiums for new business

      3. Article 22.Assets covering technical provisions

      4. Article 23.Categories of authorised assets

      5. Article 24.Rules for investment diversification

      6. Article 25.Contracts linked to UCITS or share index

      7. Article 26.Matching rules

    3. CHAPTER 3 RULES RELATING TO THE SOLVENCY MARGIN AND TO THE GUARANTEE FUND

      1. Article 27.Available solvency margin

      2. Article 28.Required solvency margin

      3. Article 28a.Solvency margin for assurance undertakings conducting reinsurance activities

      4. Article 29.Guarantee fund

      5. Article 30.Review of the amount of the guarantee fund

      6. Article 31.Assets not used to cover technical provisions

    4. CHAPTER 4 CONTRACT LAW AND CONDITIONS OF ASSURANCE

      1. Article 32.Law applicable

      2. Article 33.General good

      3. Article 34.Rules relating to conditions of assurance and scales of premiums

      4. Article 35.Cancellation period

      5. Article 36.Information for policy holders

    5. CHAPTER 5 ASSURANCE UNDERTAKINGS IN DIFFICULTY OR IN AN IRREGULAR SITUATION

      1. Article 37.Assurance undertakings in difficulty

      2. Article 38.Financial recovery plan

      3. Article 39.Withdrawal of authorisation

  5. TITLE IV PROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES

    1. Article 40.Conditions for branch establishment

    2. Article 41.Freedom to provide services: prior notification to the home Member State

    3. Article 42.Freedom to provide services: notification by the home Member State

    4. Article 43.Freedom to provide services: changes in the nature of commitments

    5. Article 44.Language

    6. Article 45.Rules relating to conditions of assurance and scales of premiums

    7. Article 46.Assurance undertakings not complying with the legal provisions

    8. Article 47.Advertising

    9. Article 48.Winding-up

    10. Article 49.Statistical information on cross-border activities

    11. Article 50.Taxes on premiums

  6. TITLE V RULES APPLICABLE TO AGENCIES OR BRANCHES ESTABLISHED WITHIN THE COMMUNITY AND BELONGING TO UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY

    1. Article 51.Principles and conditions of authorisation

    2. Article 52.Rules applicable to branches of third-country undertakings

    3. Article 53.Transfer of portfolio

    4. Article 54.Technical provisions

    5. Article 55.Solvency margin and guarantee fund

    6. Article 56.Advantages to undertakings authorised in more than one Member State

    7. Article 57.Agreements with third countries

  7. TITLE VI RULES APPLICABLE TO SUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND TO THE ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS

    1. Article 58.Information from Member States to the Commission

    2. Article 59.Third-country treatment of Community assurance undertakings

  8. TITLE VII TRANSITIONAL AND OTHER PROVISIONS

    1. Article 60.Derogations and abolition of restrictive measures

    2. Article 61.Proof of good repute

  9. TITLE VIII FINAL PROVISIONS

    1. Article 62.Cooperation between the Member States and the Commission

    2. Article 63.Reports on the development of the market under the freedom to provide services

    3. Article 64.Technical adjustment

    4. Article 65.Committee procedure

    5. Article 66.Rights acquired by existing branches and assurance undertakings

    6. Article 67.Right to apply to the courts

    7. Article 68.Review of amounts expressed in euro

    8. Article 69.Implementation of new provisions

    9. Article 70.Information to the Commission

    10. Article 71.Transitional period for Articles 3(6), 27, 28, 29, 30 and 38

    11. Article 72.Repealed directives and their correlation with this Directive

    12. Article 73.Entry into force

    13. Article 74.Addressees

  10. ATTACHMENTS

    1. ANNEX I Classes of assurance

    2. ANNEX II Matching rules

    3. ANNEX III Information for policy holders

    4. ANNEX IV

    5. ANNEX V

    6. ANNEX VI