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

4.

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 decrease the reduction, based on reinsurance, to the solvency margin as determined in accordance with Article 16a where: the nature or quality of reinsurance contracts has changed significantly since the last financial year; there is no or an insignificant risk transfer under the reinsurance 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.