Paragraph 9

United Kingdom

(1)

Where a UK insurer intends to provide insurance in an EFTA State, it shall before doing so notify the F1Treasury in writing of its intention.

(2)

The notification shall indicate—

(a)

the EFTA State in which the insurance is to be provided,

(b)

the EEA State in which is situated the establishment through which the insurance will be provided (“the EEA State of establishment”), and

(c)

the nature of the risks or commitments which the insurer proposes to cover.

(3)

Where the insurer intends to provide insurance in more than one EFTA State, the information specified above may be contained in a single notification but must be set out separately in relation to each such State.

(4)

Where a UK insurer has duly notified the Treasury of its intention to provide insurance in an EFTA State where administrative authorisation is required for the provision of insurance, then, if the original notification related—

(a)

only to risks or commitments in respect of which such authorisation is required, or

(b)

only to risks or commitments in respect of which such authorisation is not required,

and the insurer subsequently intends to extend its activities to risks falling within the other category, it shall before doing so comply with sub-paragraphs (1) to (3) above in relation to those risks or commitments.

(5)

Any insurance which is provided by the insurer participating in a Community co-insurance operation otherwise than as the leading insurer shall be disregarded for the purposes of this paragraph.