ARTICLE 2

THIS DIRECTIVE SHALL NOT CONCERN : 1 . SUBJECT TO THE APPLICATION OF ARTICLE 1 ( 1 ) ( C ) OF THIS DIRECTIVE , THE CLASSES DESIGNATED IN THE ANNEX TO 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 ( 5 ) , HEREINAFTER REFERRED TO AS " THE FIRST COORDINATION DIRECTIVE ( NON-LIFE INSURANCE ) " ; 2 . OPERATIONS OF PROVIDENT AND MUTUAL-BENEFIT INSTITUTIONS WHOSE BENEFITS VARY ACCORDING TO THE RESOURCES AVAILABLE AND WHICH REQUIRE EACH OF THEIR MEMBERS TO CONTRIBUTE AT THE APPROPRIATE FLAT RATE ; 3 . OPERATIONS CARRIED OUT BY ORGANIZATIONS OTHER THAN UNDERTAKINGS REFERRED TO IN ARTICLE 1 , WHOSE OBJECT IS TO PROVIDE BENEFITS FOR EMPLOYED OR SELF-EMPLOYED PERSONS BELONGING TO AN UNDERTAKING OR GROUP OF UNDERTAKINGS , OR A TRADE OR GROUP OF TRADES , IN THE EVENT OF DEATH OR SURVIVAL OR OF DISCONTINUANCE OR CURTAILMENT OF ACTIVITY , WHETHER OR NOT THE COMMITMENTS ARISING FROM SUCH OPERATIONS ARE FULLY COVERED AT ALL TIMES BY MATHEMATICAL RESERVES ; 4 . SUBJECT TO THE APPLICATION OF ARTICLE 1 ( 3 ) , INSURANCE FORMING PART OF A STATUTORY SYSTEM OF SOCIAL SECURITY .

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Source: EUR-Lex (Cellar) · retrieved 2026-10-29 · Text as adopted (Official Journal); later amendments are not incorporated in this text.