(12)Whereas Directive 91/674/EEC has already effected the necessary harmonization of the Member States' rules on the technical provisions which insurers are required to establish to cover their commitments, and that harmonization makes it possible to grant mutual recognition of those provisions;
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New version applies from 10/12/2005 — introduced by Directive 2005/68/EC.
37 provisions change.
Later versions: 21/09/2007, 21/03/2008.
Recital 12 changes in this version: compare with the current text.