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Article 6

Comparing 27/07/1973 → 13/04/2005: 3 added, 2 removed, 1 changed Close comparison

2.Such authorization shall be sought from the competent authority of the Member State in question by: (a) Any undertaking which establishes its head office in the territory of such state; (b) Any undertaking whose head office is situated in another Member State and which opens a branch or agency in the territory of the Member State in question; (c) Any undertaking which, having received the authorization required under (a) or (b) above, extends its business in the territory of such State to other classes; (d) Any undertaking which, having obtained in accordance with Article 7 (1) an authorization for a part of the national territory, extends its business beyond such part.

3.Member States shall not make an authorization subject to the lodging of a deposit or the provision of security.

1. EachThe Membertaking State shall make the taking-upup of the business of direct insurance inshall its territorybe subject to anprior official authorization.

Such authorization shall be sought from the competent authorities of the home Member State by:

(a)any undertaking which establishes its head office within the territory of that State;

(b)any undertaking which, having received the authorization referred to in the first subparagraph, extends its business to an entire class or to other classes.

Official text · consolidated version 13/04/2005 (no longer in force) Open full page ↗
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