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Preamble
Recitals 65
Title I - DEFINITIONS AND SCOPE (Article 1-3) 3
Title II - THE TAKING UP OF THE BUSINESS OF LIFE ASSURANCE (Article 4-9) 6
Title III - CONDITIONS GOVERNING THE BUSINESS OF ASSURANCE (Article 10-39) 30
- Chapter 1 - PRINCIPLES AND METHODS OF FINANCIAL SUPERVISION (Article 10-19) 10
- Chapter 2 - RULES RELATING TO TECHNICAL PROVISIONS AND THEIR REPRESENTATION (Article 20-26) 7
- Chapter 3 - RULES RELATING TO THE SOLVENCY MARGIN AND TO THE GUARANTEE FUND (Article 27-31) 5
- Chapter 4 - CONTRACT LAW AND CONDITIONS OF ASSURANCE (Article 32-36) 5
- Chapter 5 - ASSURANCE UNDERTAKINGS IN DIFFICULTY OR IN AN IRREGULAR SITUATION (Article 37-39) 3
Title IV - PROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES (Article 40-50) 11
Title V - RULES APPLICABLE TO AGENCIES OR BRANCHES ESTABLISHED WITHIN THE COMMUNITY AND BELONGING TO UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY (Article 51-57) 7
Title VI - RULES APPLICABLE TO SUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND TO THE ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS (Article 58-59) 2
Title VII - TRANSITIONAL AND OTHER PROVISIONS (Article 60-61) 2
Title VIII - FINAL PROVISIONS (Article 62-74) 13
Amending acts 8

Article 12 - Prohibition on compulsory ceding of part of underwriting

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Article 12

Prohibition on compulsory ceding of part of underwriting

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Member States may not require assurance undertakings to cede part of their underwriting of activities listed in Article 2 to an organisation or organisations designated by national regulations.

Official text · consolidated version 01/05/2004 (no longer in force) Open full page ↗

Metadata

Not in force since 31/12/2015

↻ Amendments (0)

1 of the 1 later versions carry the same text as the version before (re-issued on a consolidation date); they are listed but not counted.

01/05/2004 current no text change by Council Directive 2004/66/EC
19/12/2002 first version in the database

Used here (1)

assurance undertaking1