Article 177

Member States shall inform the Commission of any general difficulties encountered by their insurance or reinsurance undertakings in establishing themselves and operating in a third country or pursuing activities in a third country. The Commission shall, periodically, submit a report to the Council examining the treatment accorded, in third countries, to insurance or reinsurance undertakings authorised in the Community, as regards the following: the establishment in third countries of insurance or reinsurance undertakings authorised in the Community; the acquisition of holdings in third-country insurance or reinsurance undertakings; the pursuit of insurance or reinsurance activities by such established undertakings; the cross-border provision of insurance or reinsurance activities from the Community to third countries. The Commission shall submit those reports to the Council, together with any appropriate proposals or recommendations.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.