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Paragraph 9 Statement from head office supervisor

Original text. Later amendments are not shown.

A statement—

(a)

in the case of a company other than a Swiss general insurance company, from the supervisory authority in the State in which the company has its head office stating the classes of insurance business which the company is authorised to carry on in that State; or

(b)

in the case of a Swiss general insurance company, from the supervisory authority in Switzerland—

(i)

stating the classes of insurance business which the company is authorised to carry on in Switzerland,

(ii)

declaring that the company is constituted in Switzerland in a form permitted by Annex 3 to the Agreement signed on 10th October 1989 between the European Economic Community and the Swiss Confederation on direct insurance other than life assurancef1, and

(iii)

confirming that the company limits its business to insurance and to operations arising directly therefrom to the exclusion of all other commercial business, and in each case specifying the risks covered there, declaring that the company has the required solvency margin or minimum guarantee fund and specifying the financial resources from which the costs referred to in paragraph 17 below will be met.

Annotations

Footnotes

f1

O.J. No. L205, 27.7.91. p.3.

Notes on Schedule 2

Footnotes

f1

S.I. 1983/1811; amended by S.I. 1987/2130, reg. 4.