insurance holding company

Defined in Article 1, Directive 98/78/EC

Definitions over time (2)

1. 10/12/2005 – today applies on 12/11/2026 Article 1, Directive 98/78/EC Scope: Whole act

   insurance holding company means a parent undertaking, the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance undertakings, reinsurance undertakings or non-member country insurance undertakings or non-member country reinsurance undertakings, at least one of such subsidiary undertakings being an insurance undertaking, or a reinsurance undertaking and which is not a mixed financial holding company within the meaning of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (^{11});

2. 13/04/2005 – 10/12/2005 Article 1, Directive 98/78/EC Scope: Whole act

   insurance holding company shall mean a parent undertaking, the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance undertakings, reinsurance undertakings, or non-member-country insurance undertakings, at least one of such subsidiary undertakings being an insurance undertaking, and which is not a mixed financial holding company within the meaning of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (^{10});

Used in (30 places in 10 provisions on 12/11/2026)

Directive 98/78/EC (30 in 10)

Recital 7² · Recital 9 · Article 1³ · Article 2² · Article 3² · Article 4² · Article 10² · Article 10b · Annex I⁶ · Annex II⁹