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Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance

EU Directive 2002/83 · Adopted 5 November 2002 · Extends to United Kingdom

Original text. legislation.gov.uk does not revise this item, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Directive 2002/83/EC of the European Parliament and of the Council

of 5 November 2002

concerning life assurance

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations to the whole text

Textual amendments

F1

Repealed by Directive 2013/58/EU of the European Parliament and of the Council of 11 December 2013 amending Directive 2009/138/EC (Solvency II) as regards the date for its transposition and the date of its application, and the date of repeal of certain Directives (Solvency I) (Text with EEA relevance).

Contents

  1. Title I: DEFINITIONS AND SCOPE
  2. 1Definitions Repealed
  3. 2Scope Repealed
  4. 3Activities and bodies excluded Repealed
  5. Title II: THE TAKING UP OF THE BUSINESS OF LIFE ASSURANCE
  6. 4Principle of authorisation Repealed
  7. 5Scope of authorisation Repealed
  8. 6Conditions for obtaining authorisation Repealed
  9. 7Scheme of operations Repealed
  10. 8Shareholders and members with qualifying holdings Repealed
  11. 9Refusal of authorisation Repealed
  12. 9aPrior consultation with the competent authorities of other Member States Repealed
  13. Title III: CONDITIONS GOVERNING THE BUSINESS OF ASSURANCE
  14. Chapter 1: PRINCIPLES AND METHODS OF FINANCIAL SUPERVISION Repealed
  15. 10Competent authorities and object of supervision Repealed
  16. 11Supervision of branches established in another Member State Repealed
  17. 12Prohibition on compulsory ceding of part of underwriting Repealed
  18. 13Accounting, prudential and statistical information: supervisory powers Repealed
  19. 14Transfer of portfolio Repealed
  20. 15Qualifying holdings Repealed
  21. 15aAssessment period Repealed
  22. 15bAssessment Repealed
  23. 15cAcquisitions by regulated financial undertakings Repealed
  24. 16Professional secrecy Repealed
  25. 17Duties of auditors Repealed
  26. 18Pursuit of life assurance and non-life insurance activities Repealed
  27. 19Separation of life assurance and non-life insurance management Repealed
  28. Chapter 2: RULES RELATING TO TECHNICAL PROVISIONS AND THEIR REPRESENTATION Repealed
  29. 20Establishment of technical provisions Repealed
  30. 21Premiums for new business Repealed
  31. 22Assets covering technical provisions Repealed
  32. 23Categories of authorised assets Repealed
  33. 24Rules for investment diversification Repealed
  34. 25Contracts linked to UCITS or share index Repealed
  35. 26Matching rules Repealed
  36. Chapter 3: RULES RELATING TO THE SOLVENCY MARGIN AND TO THE GUARANTEE FUND Repealed
  37. 27Available solvency margin Repealed
  38. 28Required solvency margin Repealed
  39. 28aSolvency margin for assurance undertakings conducting reinsurance activities Repealed
  40. 29Guarantee fund Repealed
  41. 30Review of the amount of the guarantee fund Repealed
  42. 31Assets not used to cover technical provisions Repealed
  43. Chapter 4: CONTRACT LAW AND CONDITIONS OF ASSURANCE Repealed
  44. 32Law applicable Repealed
  45. 33General good Repealed
  46. 34Rules relating to conditions of assurance and scales of premiums Repealed
  47. 35Cancellation period Repealed
  48. 36Information for policy holders Repealed
  49. Chapter 5: ASSURANCE UNDERTAKINGS IN DIFFICULTY OR IN AN IRREGULAR SITUATION Repealed
  50. 37Assurance undertakings in difficulty Repealed
  51. 38Financial recovery plan Repealed
  52. 39Withdrawal of authorisation Repealed
  53. Title IV: PROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES
  54. 40Conditions for branch establishment Repealed
  55. 41Freedom to provide services: prior notification to the home Member State Repealed
  56. 42Freedom to provide services: notification by the home Member State Repealed
  57. 43Freedom to provide services: changes in the nature of commitments Repealed
  58. 44Language Repealed
  59. 45Rules relating to conditions of assurance and scales of premiums Repealed
  60. 46Assurance undertakings not complying with the legal provisions Repealed
  61. 47Advertising Repealed
  62. 48Winding-up Repealed
  63. 49Statistical information on cross-border activities Repealed
  64. 50Taxes on premiums Repealed
  65. Title V: RULES APPLICABLE TO AGENCIES OR BRANCHES ESTABLISHED WITHIN THE COMMUNITY AND BELONGING TO UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY
  66. 51Principles and conditions of authorisation Repealed
  67. 52Rules applicable to branches of third-country undertakings Repealed
  68. 53Transfer of portfolio Repealed
  69. 54Technical provisions Repealed
  70. 55Solvency margin and guarantee fund Repealed
  71. 56Advantages to undertakings authorised in more than one Member State Repealed
  72. 57Agreements with third countries Repealed
  73. Title VI: RULES APPLICABLE TO SUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND TO THE ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS
  74. 58Information from Member States to the Commission Repealed
  75. 59Third-country treatment of Community assurance undertakings Repealed
  76. Title VII: TRANSITIONAL AND OTHER PROVISIONS
  77. 60Derogations and abolition of restrictive measures Repealed
  78. 61Proof of good repute Repealed
  79. Title VIII: FINAL PROVISIONS
  80. 62Cooperation between the Member States and the Commission Repealed
  81. 63Reports on the development of the market under the freedom to provide services Repealed
  82. 64Technical adjustment Repealed
  83. 65Committee procedure Repealed
  84. 66Rights acquired by existing branches and assurance undertakings Repealed
  85. 67Right to apply to the courts Repealed
  86. 68Review of amounts expressed in euro Repealed
  87. 69Implementation of new provisions Repealed
  88. 70Information to the Commission Repealed
  89. 71Transitional period for Articles 3(6), 27, 28, 29, 30 and 38 Repealed
  90. 72Repealed directives and their correlation with this Directive Repealed
  91. 73Entry into force Repealed
  92. 74Addressees Repealed
  93. Attachment Repealed
  94. IDivision I Repealed
  95. IIDivision II Repealed
  96. IIIDivision III Repealed
  97. IVDivision IV Repealed
  98. VDivision V Repealed
  99. VIDivision VI Repealed
  100. VIIDivision VII Repealed
  101. VIIIDivision VIII Repealed
  102. IXDivision IX Repealed
  103. Attachment Repealed
  104. Attachment Repealed
  105. ABefore concluding the contract Repealed
  106. BDuring the term of the contract Repealed
  107. Attachment Repealed
  108. 1Professional secrecy Repealed
  109. 2Activities and bodies excluded from this Directive Repealed
  110. Until 1 January 2004, Member States shall apply the following provisions: Repealed
  111. ASolvency margin Repealed
  112. BMinimum solvency margin Repealed
  113. Guarantee fund Repealed
  114. 1Division 1 Repealed
  115. 2Division 2 Repealed
  116. 3Division 3 Repealed
  117. Attachment Repealed
  118. Repealed Directives together with their successive amendments (referred to in Article 72) Repealed
  119. Council Directive 79/267/EEC Repealed
  120. PART BDeadlines for implementation Repealed
  121. Attachment Repealed