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New version applies from 01/01/2016 — introduced by Directive 2013/58/EU. 145 provisions change. Article 31 is deleted from 01/01/2016.

Article 31 - Assets not used to cover technical provisions

Article 31
Assets not used to cover technical provisions

1.Member States shall not prescribe any rules as to the choice of the assets that need not be used as cover for the technical provisions referred to in Article 20.

2.Subject to Article 20(3), Article 37(1), (2), (3) and (5), and the second subparagraph of Article 39(1), Member States shall not restrain the free disposal of those assets, whether movable or immovable, that form part of the assets of authorised assurance undertakings.

3.Paragraphs 1 and 2 shall not preclude any measures which Member States, while safeguarding the interests of the lives assured, are entitled to take as owners or members of or partners in the assurance undertakings in question.

Official text · consolidated version 01/07/2013 (no longer in force) Open full page ↗
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