1. — Directive 2002/13/EC of the European Parliament and of the Council of 5 March…

1.

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

Member States shall ensure that the competent authorities have the power to require a financial recovery plan for those insurance undertakings where competent authorities consider that policyholders' rights are threatened. The financial recovery plan shall as a minimum include particulars or proof concerning for the next three financial years: estimates of management expenses, in particular current general expenses and commissions; a plan setting out detailed estimates of income and expenditure in respect of direct business, reinsurance acceptances and reinsurance cessions; a forecast balance sheet; estimates of the financial resources intended to cover underwriting liabilities and the required solvency margin; the overall reinsurance policy.

← Article 20a · All articles · (a) →

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