art_9__para

First Council Directive 79/267/EEC of 5 March 1979 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance · European Union

THE SCHEME OF OPERATIONS REFERRED TO IN ARTICLE 8 ( 1 ) ( C ) AND ( 2 ) SHALL CONTAIN THE FOLLOWING PARTICULARS OR EVIDENCE OF COVER : ( A ) THE NATURE OF THE COMMITMENTS WHICH THE UNDERTAKING PROPOSES TO COVER ; THE GENERAL AND SPECIAL POLICY CONDITIONS WHICH IT PROPOSES TO USE ; ( B ) THE TECHNICAL BASES THAT THE UNDERTAKING PROPOSES TO EMPLOY FOR EACH CLASS OF BUSINESS , INCLUDING THE DATA NEEDED TO CALCULATE PREMIUM RATES AND RESERVES REFERRED TO IN ARTICLE 17 ; ( C ) THE GUIDING PRINCIPLES AS TO REINSURANCE ; ( D ) THE ITEMS CONSTITUTING THE MINIMUM OF THE GUARANTEE FUND ; ( E ) ESTIMATES RELATING TO THE EXPENSES OF INSTALLING THE ADMINISTRATIVE SERVICES AND THE ORGANIZATION FOR SECURING BUSINESS AND THE FINANCIAL RESOURCES INTENDED TO COVER THEM ; AND , IN ADDITION , SHALL INCLUDE FOR THE FIRST THREE FINANCIAL YEARS : ( F ) A FORECAST BALANCE SHEET ; ( G ) A PLAN SETTING OUT DETAILED ESTIMATES OF INCOME AND EXPENDITURE IN RESPECT OF DIRECT BUSINESS , REINSURANCE ACCEPTANCES AND REINSURANCE CESSIONS ; ( H ) ESTIMATES RELATING TO THE FINANCIAL RESOURCES INTENDED TO COVER UNDERWRITING LIABILITIES AND THE SOLVENCY MARGIN .

← ARTICLE 9 · All articles · ARTICLE 10 →

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