insurance guarantee scheme

Defined in Article 2, Directive (EU) 2025/1 (IRRD)

Definitions over time (1)

1. 28/01/2025 – today applies on 11/11/2026 Article 2, Directive (EU) 2025/1 (IRRD) Scope: Whole act

   For the purposes of this Directive, the following definitions apply:

   ‘insurance guarantee scheme’ means a scheme officially recognised by a Member State and financed through contributions from insurance or reinsurance undertakings or policy holders guaranteeing the payment of eligible insurance claims, in part or in full, to eligible policy holders, insured parties and beneficiaries, or ensuring the continuation of insurance policies where an insurance undertaking is unable or likely to become unable to fulfil its obligations and commitments resulting from its insurance contracts;

Used in (51 places in 28 provisions on 11/11/2026)

Directive (EU) 2025/1 (IRRD) (51 in 28)

Recital 35 · Recital 39 · Recital 40 · Recital 78 · Recital 79⁴ · Recital 86³ · Article 2 · Article 9² · Article 10 · Article 13 · Article 14 · Article 18 · Article 19 · Article 28³ · Article 32 · Article 34⁸ · Article 35² · Article 56 · Article 57 · Article 63² · Article 65 · Article 66² · Article 69² · Article 70² · Article 74 · Article 81 · Article 98⁴ · Annex 1