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New version applies from 13/04/2005 — introduced by Directive 2005/1/EC. 48 provisions change. Later versions: 10/12/2005, 01/01/2007. Article 9 changes in this version: compare with the current text.

Article 9

Article 9

The scheme of operations referred to in Article 8 (1) (c) shall contain the following particulars or proof concerning: (a) The nature of the risks which the undertaking proposes to cover; the general and special policy conditions which it proposes to use;

(b) The tariffs which it is proposed to apply for each category of business;

(c) The guiding principles as to reinsurance;

(d) The items constituting the minimum guarantee fund;

(e) Estimates relating to the expenses of installing the administrative services and the organization for securing business; the financial resources intended to cover them;

and in addition, for the first three financial years: (f) Estimates relating to expenses of management other than costs of installation, and in particular current general expenses and Commissions;

(g) Estimates relating to premiums or contributions and to claims;

(h) A forecast balance sheet;

(i) Estimates relating to the financial resources intended to cover underwriting liabilities and the solvency margin.

However, the particulars referred to in (a) and (b) above shall not be required with regard to the risks classified under Nos 4, 5, 6, 7 and 12 of point A of the Annex, nor shall those referred to in (b) above be required with regard to risks classified under Nos 14 and 15 of point A of the Annex. The particulars referred to in (a) and (b) need not be required in the case of risks classified under No 11 of the same point.

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