preamble_5

TABLE OF CONTENTS TITLE IGENERAL RULES ON THE TAKING-UP AND PURSUIT OF DIRECT INSURANCE AND REINSURANCE ACTIVITIESCHAPTER ISubject matter, scope and definitionsSECTION 1Subject matter and scopeArticles 1 and 2SECTION 2Exclusions from scopeSubsection 1GeneralArticles 3 and 4Subsection 2Non-lifeArticles 5 to 8Subsection 3LifeArticles 9 and 10Subsection 4ReinsuranceArticles 11 and 12SECTION 3DefinitionsArticle 13CHAPTER IITaking-up of businessArticles 14 to 26CHAPTER IIISupervisory authorities and general rulesArticles 27 to 39CHAPTER IVConditions governing businessSECTION 1Responsibility of the administrative, management or supervisory bodyArticle 40SECTION 2System of governanceArticles 41 to 50SECTION 3Public disclosureArticle 51 to 56SECTION 4Qualifying holdingsArticles 57 to 63SECTION 5Professional sedcrecy, exchange of information and promotion of supervisory convergenceArticles 64 to 71SECTION 6Duties of auditorsArticle 72CHAPTER VPursuit of life and non-life insurance activityArticles 73 and 74CHAPTER VIRules relating to the valuation of assets and liabilities, technical provisions, own funds, solvency capital requirement, minimum capital requirement and investment rulesSECTION 1Valuation of assets and liabilitiesArticle 75SECTION 2Rules relating to technical provisionsArticles 76 to 86SECTION 3Own fundsSubsection 1Determination of own fundsArticles 87 to 92Subsection 2Classification of own fundsArticles 93 to 97Subsection 3Eligibility of own fundsArticles 98 and 99SECTION 4Solvency capital requirementSubsection 1General provisions for the solvency capital requirement using the standard formula or an internal modelArticles 100 to 102Subsection 2Solvency capital requirement standard formulaArticles 103 to 111Subsection 3Solvency capital requirement full and partial internal modelsArticles 112 to 127SECTION 5Minimum capital requirementArticles 128 to 131SECTION 6InvestmentsArticles 132 to 135CHAPTER VIIInsurance and reinsurance undertakings in difficulty or in an irregular situationArticle 136 to 144CHAPTER VIIIRight of establishment and freedom to provide servicesSECTION 1Establishment by insurance undertakingsArticle 145 to 146SECTION 2Freedom to provide services: by insurance undertakingsSubsection 1General provisionsArticle 147 to 149Subsection 2Third party motor vehicle liabilityArticle 150 to 152SECTION 3Competencies of the supervisory authorities of the host member stateSubsection 1InsuranceArticles 153 to 157Subsection 2ReinsuranceArticle 158SECTION 4Statistical informationArticle 159SECTION 5Treatment of contracts of branches in winding-up proceedingsArticles 160 to 161CHAPTER IXBranches established within the community and belonging to insurance or reinsurance undertakings with head offices situated outside the communitySECTION 1Taking-up of businessArticles 162 to 171SECTION 2ReinsuranceArticles 172 to 175CHAPTER XSubsidiaries of insurance and reinsurance undertakings governed by the laws of a third country and acquisitions of holdings by such undertakingsArticles 176 and 177TITLE IISPECIFIC PROVISIONS FOR INSURANCE AND REINSURANCECHAPTER IApplicable law and conditions of direct insurance contractsSECTION 1Applicable lawArticle 178SECTION 2Compulsory insuranceArticle 179SECTION 3General goodArticle 180SECTION 4Conditions of insurance contracts and scales of premiumsArticles 181 and 182SECTION 5Information for policy holdersSubsection 1Non-life insuranceArticles 183 and 184Subsection 2Life insuranceArticles 185 and 186CHAPTER IIProvisions specific to non-life insuranceSECTION 1General provisionsArticles 187 to 189SECTION 2Community co-insuranceArticles 190 to 196SECTION 3AssistanceArticle 197SECTION 4Legal expenses insuranceArticles 198 to 205SECTION 5Health insuranceArticle 206SECTION 6Insurance against accidents at workArticle 207CHAPTER IIIProvisions specific to life insuranceArticles 208 and 209CHAPTER IVRules specific to reinsuranceArticles 210 and 211TITLE IIISUPERVISION OF INSURANCE AND REINSURANCE UNDERTAKINGS IN A GROUPCHAPTER IGroup supervision: definitions, cases of application, scope and levelsSECTION 1DefinitionsArticle 212SECTION 2Cases of application and scopeArticles 213 and 214SECTION 3LevelsArticles 215 to 217CHAPTER IIFinancial positionSECTION 1Group solvencySubsection 1General provisionsArticles 218 and 219Subsection 2Choice of calculation method and general principlesArticles 220 to 224Subsection 3Application of the calculation methodsArticles 225 to 229Subsection 4Calculation methodsArticles 230 to 234Subsection 5Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding companyArticle 235Subsection 6Supervision of group solvency for groups with centralised risk managementArticles 236 to 243SECTION 2Risk concentration and intra-group transactionsArticles 244 and 245SECTION 3Risk management and internal controlArticle 246CHAPTER IIIMeasures to facilitate group supervisionArticles 247 to 259CHAPTER IVThird countriesArticles 260 to 264CHAPTER VMixed-activity insurance holding companiesArticles 265 and 266TITLE IVREORGANISATION AND WINDING-UP OF INSURANCE UNDERTAKINGSCHAPTER IScope and definitionsArticles 267 and 268CHAPTER IIReorganisation measuresArticles 269 to 272CHAPTER IIIWinding-up proceedingsArticles 273 to 284CHAPTER IVCommon provisionsArticles 285 to 296TITLE VOTHER PROVISIONSArticles 297 to 304TITLE VITRANSITIONAL AND FINAL PROVISIONSCHAPTER ITransitional provisionsSECTION 1InsuranceArticles 305 and 306SECTION 2ReinsuranceArticles 307 and 308CHAPTER IIFinal provisionsArticles 309 to 312ANNEX ICLASSES OF NON-LIFE INSURANCEA.Classification of risks according to classes of insuranceB.Description of authorisations granted for more than one class of insuranceANNEX IICLASSES OF LIFE INSURANCEANNEX IIILEGAL FORMS OF UNDERTAKINGSA.Forms of non-life insurance undertaking:B.Forms of life insurance undertaking:C.Forms of reinsurance undertaking:ANNEX IVSOLVENCY CAPITAL REQUIREMENT (SCR) STANDARD FORMULA1.Calculation of the Basic Solvency Capital Requirement2.Calculation of the non-life underwriting risk module3.Calculation of the life underwriting risk module4.Calculation of the market risk moduleANNEX VGROUPS OF NON-LIFE INSURANCE CLASSES FOR THE PURPOSES OF ARTICLE 159ANNEX VIPart ARepealed Directives with list of their successive amendments (referred to in Article 310)Part BList of time-limits for transposition into national law (referred to in Article 310)ANNEX VIICORRELATION TABLE

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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.