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New version applies from 01/01/2016 — introduced by Directive 2013/58/EU. 145 provisions change. Article 5 is deleted from 01/01/2016.

Article 5 - Scope of authorisation

Article 5
Scope of authorisation

1.Authorisation shall be valid for the entire Community. It shall permit an assurance undertaking to carry on business there, under either the right of establishment or freedom to provide services.

2.Authorisation shall be granted for a particular class of assurance as listed in Annex I. It shall cover the entire class, unless the applicant wishes to cover only some of the risks pertaining to that class.

The competent authorities may restrict authorisation requested for one of the classes to the operations set out in the scheme of operations referred to in Article 7.

Each Member State may grant authorisation for two or more of the classes, where its national laws permit such classes to be carried on simultaneously.

Official text · consolidated version 01/07/2013 (no longer in force) Open full page ↗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