1. — Council Directive 84/641/EEC of 10 December 1984 amending, particularly as…

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Council Directive 84/641/EEC of 10 December 1984 amending, particularly as regards tourist assistance, the First Directive (73/239/EEC) 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 · European Union

Any undertaking which has requested or obtained authorization from more than one Member State may apply for the following advantages which may be granted only jointly: (a) the solvency margin referred to in Article 25 shall be calculated in relation to the entire business which it carries on within the Community ; in such case, account shall be taken only of the operations effected by all the agencies or branches established within the Community for the purposes of this calculation; the deposit required under Article 23 (2) (e) shall be lodged in only one of those Member States; the assets representing the guarantee fund shall be localized in any one of the Member States in which it carries on its activities.

← Article 26 · All articles · (b) →

Source: EUR-Lex (Cellar) · retrieved 2026-11-07 · Text as adopted (Official Journal); later amendments are not incorporated in this text.