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Article 159 - Statistical information on cross-border activities

Comparing 19/12/2013 → 23/05/2014: 1 added, 1 removed, 3 changed Close comparison

Every insurance undertaking shall inform the competent supervisory authority of its home Member State, separately in respect of transactions carried out under the right of establishment and those carried out under the freedom to provide services, of the amount of the premiums, claims and commissions, without deduction of reinsurance, by Member State and as follows:

(b)for life insurance, by each of classes I to IX, as set out in Annex II.

(a)for non-life insurance, by grouplines of classes as set outbusiness in Annexaccordance V;with the relevant delegated act;

(b)for life insurance, by lines of business in accordance with the relevant delegated act.

As regards class 10 in Part A of Annex I, notexcluding including carrier’scarrier's liability, the undertaking concerned shall also inform that supervisory authority of the frequency and average cost of claims.

The supervisory authority of the home Member State shall forwardsubmit the information referred to in the first and second subparagraphs within a reasonable time and in aggregate form to the supervisory authorities of each of the Member States concernedconcerned, upon their request.

Official text · consolidated version 23/05/2014 (no longer in force) Open full page ↗
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