In Article 15(1) of Directive 90/619/EEC the first subparagraph shall be replaced by the following:
In Article 15(1) of Directive 90/619/EEC the first subparagraph shall be replaced by the following: "1.‘1. Each Member State shall prescribe that a policyholder who concludes an individual life-assurance contract shall have a period of 30 calendar days, from the time when he was informed that the contract had been concluded, within which to cancel the contract."contract.’