captive reinsurance undertaking

Defined in Article 2, Directive 2005/68/EC

Definitions over time (1)

  1. 21/09/2007 – today applies on 12/11/2026 Article 2, Directive 2005/68/EC Scope: Whole act

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

    ‘captive reinsurance undertaking’ means a reinsurance undertaking owned either by a financial undertaking other than an insurance or a reinsurance undertaking or a group of insurance or reinsurance undertakings to which Directive 98/78/EC applies, or by a non-financial undertaking, the purpose of which is to provide reinsurance cover exclusively for the risks of the undertaking or undertakings to which it belongs or of an undertaking or undertakings of the group of which the captive reinsurance undertaking is a member;

Earlier definition records in this act (1)

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Used in (8 places in 4 provisions on 12/11/2026)

Directive 2005/68/EC (8 in 4)

Recital 113 · Recital 292 · Article 22 · Article 40

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