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Directive 2002/13/EC of the European Parliament and of the Council of 5 March 2002 amending Council Directive 73/239/EEC as regards the solvency margin requirements for non-life insurance undertakings · European Union

The fractions applicable to the portions referred to in the sixth subparagraph of paragraph 3 and the sixth subparagraph of paragraph 4 shall each be reduced to a third in the case of health insurance practised on a similar technical basis to that of life assurance, if the premiums paid are calculated on the basis of sickness tables according to the mathematical method applied in insurance; a provision is set up for increasing age; an additional premium is collected in order to set up a safety margin of an appropriate amount; the insurance undertaking may cancel the contract before the end of the third year of insurance at the latest; the contract provides for the possibility of increasing premiums or reducing payments even for current contracts";

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