# Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance), Article 194: Treatment of co-insurance contracts in winding-up proceedings

Extent: E+W+S+N.I.

In the event of an insurance undertaking being wound up, liabilities arising from participation in Community co-insurance contracts shall be met in the same way as those arising under the other insurance contracts of that undertaking without distinction as to the nationality of the insured and of the beneficiaries.

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Source: https://www.legislation.gov.uk/eudr/2009/138/article/194 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-194
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.