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◷ New version from 30/01/2027 (not yet in force) · 131 changes · View as of 30/01/2027

Preamble
Recitals 143
Title I - GENERAL RULES ON THE TAKING-UP AND PURSUIT OF DIRECT INSURANCE AND REINSURANCE ACTIVITIES (Article 1-177) 177
- Chapter I - Subject matter, scope and definitions (Article 1-13) 13
- Chapter II - Taking-up of business (Article 14-26) 13
- Chapter III - Supervisory authorities and general rules (Article 27-39) 13
- Chapter IV - Conditions governing business (Article 40-72) 33
- Chapter V - Pursuit of life and non-life insurance activity (Article 73-74) 2
- Chapter VI - Rules relating to the valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and investment rules (Article 75-135) 61
- Chapter VII - Insurance and reinsurance undertakings in difficulty or in an irregular situation (Article 136-144) 9
- Chapter VIII - Right of establishment and freedom to provide services (Article 145-161) 17
  - Section 1 - Establishment by insurance undertakings (Article 145-146) 2
  - Section 2 - Freedom to provide services: by insurance undertakings (Article 147-152) 6
  - Section 3 - Competencies of the supervisory authorities of the host member state (Article 153-158) 6
  - Section 4 - Statistical information (Article 159) 1
  - Section 5 - Treatment of contracts of branches in winding-up proceedings (Article 160-161) 2
    
    Article 160 - Winding-up of insurance undertakings
    
    Article 161 - Winding-up of reinsurance undertakings
- Chapter IX - Branches established within the community and belonging to insurance or reinsurance undertakings with head offices situated outside the community (Article 162-175) 14
- Chapter X - Subsidiaries of insurance and reinsurance undertakings governed by the laws of a third country and acquisitions of holdings by such undertakings (Article 176-177) 2
Title II - SPECIFIC PROVISIONS FOR INSURANCE AND REINSURANCE (Article 178-211) 34
Title III - SUPERVISION OF INSURANCE AND REINSURANCE UNDERTAKINGS IN A GROUP (Article 212-266) 55
Title IV - REORGANISATION AND WINDING-UP OF INSURANCE UNDERTAKINGS (Article 267-296) 30
Title V - OTHER PROVISIONS (Article 297-304) 8
Title VI - TRANSITIONAL AND FINAL PROVISIONS (Article 305-312) 8
Annexes 7
Amending acts 12

Article 161 - Winding-up of reinsurance undertakings

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Article 161

Winding-up of reinsurance undertakings

Where a reinsurance undertaking is wound up, commitments arising out of contracts underwritten through a branch or under the freedom to provide services shall be met in the same way as those arising out of the other reinsurance contracts of that undertaking.

Official text · consolidated version 15/09/2012 (no longer in force) Open full page ↗