(63)Notwithstanding the anticipated application of Directive 2009/138/EC, particularly for the purposes of assessments relating to the approval of internal models, ancillary own funds, classification of own funds, undertaking specific parameters, special purpose vehicles, the duration based equity risk sub-module, and the transitional provision on the calculation of the best estimate with respect to insurance or reinsurance obligations corresponding to paid-in premiums for existing contracts, Council Directives 64/225/EEC 16 , 73/239/EEC 17 , 73/240/EEC 18 , 76/580/EEC 19 , 78/473/EEC 20 , 84/641/EEC 21 , 87/344/EEC 22 , 88/357/EEC 23 and 92/49/EEC 24 , and Directives 98/78/EC 25 , 2001/17/EC 26 , 2002/83/EC 27 and 2005/68/EC 28 of the European Parliament and of the Council (collectively referred to as ‘Solvency I’), as amended by the acts listed in Part A of Annex VI of Directive 2009/138/EC, should continue to apply until the end of 2015.
Recital 63
- 26 Directive 2001/17/EC of the European Parliament and of the Council of 19 March 2001 on the reorganisation and winding-up of insurance undertakings ( OJ L 110, 20.4.2001, p. 28 ). ↩
- 18 Council Directive 73/240/EEC of 24 July 1973 abolishing restrictions on freedom of establishment in the business of direct insurance other than life assurance ( OJ L 228, 16.8.1973, p. 20 ). ↩
- 17 First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance ( OJ L 228, 16.8.1973, p. 3 ). ↩
- 21 Council Directive 84/641/EEC of 10 December 1984 amending, particularly as regards tourist assistance, the First Directive (73/239/EEC) on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance ( OJ L 339, 27.12.1984, p. 21 ). ↩
- 27 Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance ( OJ L 345, 19.12.2002, p. 1 ). ↩
- 23 Second Council Directive 88/357/EEC of 22 June 1988 on the coordination of laws, regulations and administrative provisions relating to direct insurance other than life assurance and laying down provisions to facilitate the effective exercise of freedom to provide services and amending Directive 73/239/EEC ( OJ L 172, 4.7.1988, p. 1 ). ↩
- 22 Council Directive 87/344/EEC of 22 June 1987 on the coordination of laws, regulations and administrative provisions relating to legal expenses insurance ( OJ L 185, 4.7.1987, p. 77 ). ↩
- 24 Council Directive 92/49/EEC of 18 June 1992 on the coordination of laws, regulations and administrative provisions relating to direct insurance other than life assurance and amending Directives 73/239/EEC and 88/357/EEC (third non-life insurance Directive) ( OJ L 228, 11.8.1992, p. 1 ). ↩
- 20 Council Directive 78/473/EEC of 30 May 1978 on the coordination of laws, regulations and administrative provisions relating to Community co-insurance ( OJ L 151, 7.6.1978, p. 25 ). ↩
- 19 Council Directive 76/580/EEC of 29 June 1976 amending Directive 73/239/EEC on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct insurance other than life assurance ( OJ L 189, 13.7.1976, p. 13 ). ↩
- 28 Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance and amending Council Directives 73/239/EEC, 92/49/EEC as well as Directives 98/78/EC and 2002/83/EC ( OJ L 323, 9.12.2005, p. 1 ). ↩
- 25 Directive 98/78/EC of the European Parliament and of the Council of 27 October 1998 on the supplementary supervision of insurance undertakings in an insurance group ( OJ L 330, 5.12.1998, p. 1 ). ↩
- 16 Council Directive 64/225/EEC of 25 February 1964 on the abolition of restrictions on freedom of establishment and freedom to provide services in respect of reinsurance and retrocession ( OJ 56, 4.4.1964, p. 878 ). ↩