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New version applies from 19/12/2002 — introduced by Directive 2002/83/EC. 57 provisions change. Article 7 is deleted from 19/12/2002.

Article 7

Article 7

1. AN AUTHORIZATION SHALL BE VALID FOR THE ENTIRE NATIONAL TERRITORY UNLESS, AND IN SO FAR AS NATIONAL LAWS PERMIT, THE APPLICANT SEEKS PERMISSION TO CARRY ON HIS BUSINESS ONLY IN A PART OF THE NATIONAL TERRITORY.

2. AUTHORIZATION SHALL BE GIVEN FOR A PARTICULAR CLASS OF INSURANCE. THE CLASSIFICATION BY CLASS APPEARS IN THE ANNEX. AUTHORIZATION SHALL COVER THE ENTIRE CLASS UNLESS THE APPLICANT WISHES TO COVER ONLY PART OF THE RISKS PERTAINING TO SUCH CLASS.

THE SUPERVISORY AUTHORITIES MAY RESTRICT AN AUTHORIZATION REQUESTED FOR ONE OF THE CLASSES TO THE OPERATIONS SET OUT IN THE SCHEME OF OPERATIONS REFERRED TO IN ARTICLES 9 AND 11.

3. EACH MEMBER STATE MAY GRANT AN AUTHORIZATION FOR TWO OR MORE OF THE CLASSES, WHERE ITS NATIONAL LAWS PERMIT SUCH CLASSES TO BE CARRIED ON SIMULTANEOUSLY.

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