TITLE I - GENERAL RULES ON THE TAKING-UP AND PURSUIT OF DIRECT INSURANCE AND REINSURANCE ACTIVITIES (Article 1-177)CHAPTER I - Subject matter, scope and definitions (Article 1-13)Section 1 - Subject matter and scope (Article 1-2)Article 1 - Subject matterArticle 2 - Scope Q&ASection 2 - Exclusions from scope (Article 3-12)Subsection 1 - General (Article 3-4)Article 3 - Statutory systemsArticle 4 - Exclusion from scope due to size Subsection 2 - Non-life (Article 5-8)Article 5 - OperationsArticle 6 - AssistanceArticle 7 - Mutual undertakingsArticle 8 - InstitutionsSubsection 3 - Life (Article 9-10)Article 9 - Operations and activitiesArticle 10 - Organisations, undertakings and institutionsSubsection 4 - Reinsurance (Article 11-12)Article 11 - ReinsuranceArticle 12 - Reinsurance undertakings closing their activitySection 3 - Definitions (Article 13)Article 13 - Definitions RTSQ&AGLCHAPTER II - Taking-up of business (Article 14-26)Article 14 - Principle of authorisationArticle 15 - Scope of authorisationArticle 16 - Ancillary risksArticle 17 - Legal form of the insurance or reinsurance undertakingArticle 18 - Conditions for authorisation Q&AArticle 19 - Close linksArticle 20 - Head office of insurance undertakings and reinsurance undertakingsArticle 21 - Policy conditions and scales of premiumsArticle 22 - Economic requirements of the marketArticle 23 - Scheme of operationsArticle 24 - Shareholders and members with qualifying holdingsArticle 25 - Refusal of authorisationArticle 26 - Prior consultation of the authorities of other Member StatesCHAPTER III - Supervisory authorities and general rules (Article 27-39)Article 27 - Main objective of supervision GLArticle 28 - Financial stability and pro-cyclicalityArticle 29 - General principles of supervision GLArticle 30 - Supervisory authorities and scope of supervisionArticle 31 - Transparency and accountability ITSDAArticle 32 - Prohibition of refusal of reinsurance contracts or retrocession contractsArticle 33 - Supervision of branches established in another Member StateArticle 34 - General supervisory powers GLArticle 35 - Information to be provided for supervisory purposes ITSDAQ&AGLArticle 36 - Supervisory review process GLArticle 37 - Capital add-on ITSDAArticle 38 - Supervision of outsourced functions and activities GLArticle 39 - Transfer of portfolioCHAPTER IV - Conditions governing business (Article 40-72)Section 1 - Responsibility of the administrative, management or supervisory body (Article 40)Article 40 - Responsibility of the administrative, management or supervisory body GLSection 2 - System of governance (Article 41-50)Article 41 - General governance requirements RTSDAQ&AGLArticle 42 - Fit and proper requirements for persons who effectively run the undertaking or have other key functions GLArticle 43 - Proof of good repute GLArticle 44 - Risk management ITSRTSDAQ&AGLArticle 45 - Own risk and solvency assessment RTSDAQ&AGLArticle 46 - Internal control DAGLArticle 47 - Internal audit DAGLArticle 48 - Actuarial function DAGLArticle 49 - Outsourcing DAQ&AGLArticle 50 - Implementing measures DASection 3 - Public disclosure (Article 51-56)Article 51 - Report on solvency and financial condition: contents ITSRTSGLArticle 52 - Information for and reports by CEIOPSArticle 53 - Report on solvency and financial condition: applicable principles GLArticle 54 - Report on solvency and financial condition: updates and additional voluntary information GLArticle 55 - Report on solvency and financial condition: policy and approval GLArticle 56 - Solvency and financial condition report: implementing measures ITSDASection 4 - Qualifying holdings (Article 57-63)Article 57 - Acquisitions GLArticle 58 - Assessment period GLArticle 59 - Assessment GLArticle 60 - Acquisitions by regulated financial undertakings GLArticle 61 - Information to the supervisory authority by the insurance or reinsurance undertaking GLArticle 62 - Qualifying holdings, powers of the supervisory authority GLArticle 63 - Voting rights GLSection 5 - Professional secrecy, exchange of information and promotion of supervisory convergence (Article 64-71)Article 64 - Professional secrecyArticle 65 - Exchange of information between supervisory authorities of Member StatesArticle 66 - Cooperation agreements with third countriesArticle 67 - Use of confidential informationArticle 68 - Exchange of information with other authoritiesArticle 69 - Disclosure of information to government administrations responsible for financial legislationArticle 70 - Transmission of information to central banks and monetary authoritiesArticle 71 - Supervisory convergence GLSection 6 - Duties of auditors (Article 72)Article 72 - Duties of auditorsCHAPTER V - Pursuit of life and non-life insurance activity (Article 73-74)Article 73 - Pursuit of life and non-life insurance activity Q&AArticle 74 - Separation of life and non-life insurance management Q&ACHAPTER VI - Rules relating to the valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and investment rules (Article 75-135)Section 1 - Valuation of assets and liabilities (Article 75)Article 75 - Valuation of assets and liabilities DAQ&AGLSection 2 - Rules relating to technical provisions (Article 76-86)Article 76 - General provisions Q&AGLArticle 77 - Calculation of technical provisions ITSDAIAQ&AGLArticle 78 - Other elements to be taken into account in the calculation of technical provisions Q&AGLArticle 79 - Valuation of financial guarantees and contractual options included in insurance and reinsurance contracts GLArticle 80 - Segmentation DAGLArticle 81 - Recoverables from reinsurance contracts and special purpose vehicles DAQ&AGLArticle 82 - Data quality and application of approximations, including case-by-case approaches, for technical provisions DAGLArticle 83 - Comparison against experience GLArticle 84 - Appropriateness of the level of technical provisions GLArticle 85 - Increase of technical provisions GLArticle 86 - Implementing measures ITSDAGLSection 3 - Own funds (Article 87-99)Subsection 1 - Determination of own funds (Article 87-92)Article 87 - Own fundsArticle 88 - Basic own fundsArticle 89 - Ancillary own funds GLArticle 90 - Supervisory approval of ancillary own funds ITSDAGLArticle 91 - Surplus funds Q&AArticle 92 - Implementing measures ITSDAQ&AGLSubsection 2 - Classification of own funds (Article 93-97)Article 93 - Characteristics and features used to classify own funds into tiers GLArticle 94 - Main criteria for the classification into tiers DAGLArticle 95 - Classification of own funds into tiers GLArticle 96 - Classification of specific insurance own-fund items DAGLArticle 97 - Implementing measures DASubsection 3 - Eligibility of own funds (Article 98-99)Article 98 - Eligibility and limits applicable to Tiers 1, 2 and 3 DAArticle 99 - Implementing measures DAGLSection 4 - Solvency capital requirement (Article 100-127)Subsection 1 - General provisions for the solvency capital requirement using the standard formula or an internal model (Article 100-102)Article 100 - General provisions Q&AGLArticle 101 - Calculation of the Solvency Capital Requirement DAGLArticle 102 - Frequency of calculation GLSubsection 2 - Solvency capital requirement standard formula (Article 103-111)Article 103 - Structure of the standard formula DAQ&AGLArticle 104 - Design of the Basic Solvency Capital Requirement DAGLArticle 105 - Calculation of the Basic Solvency Capital Requirement ITSDAQ&AGLArticle 106 - Calculation of the equity risk sub-module: symmetric adjustment mechanism ITSDAArticle 107 - Capital requirement for operational risk DAQ&AArticle 108 - Adjustment for the loss-absorbing capacity of technical provisions and deferred taxes DAGLArticle 109 - Simplifications in the standard formula DAQ&AArticle 110 - Significant deviations from the assumptions underlying the standard formula calculation GLArticle 111 - Implementing measures ITSDAGLSubsection 3 - Solvency capital requirement full and partial internal models (Article 112-127)Article 112 - General provisions for the approval of full and partial internal models ITSGLArticle 113 - Specific provisions for the approval of partial internal models ITSDAGLArticle 114 - Implementing measures ITSDAArticle 115 - Policy for changing the full and partial internal models ITSGLArticle 116 - Responsibilities of the administrative, management or supervisory bodies GLArticle 117 - Reversion to the standard formula Q&AArticle 118 - Non-compliance of the internal modelArticle 119 - Significant deviations from the assumptions underlying the standard formula calculationArticle 120 - Use test DAGLArticle 121 - Statistical quality standards DAGLArticle 122 - Calibration standards DAGLArticle 123 - Profit and loss attribution DAGLArticle 124 - Validation standards DAGLArticle 125 - Documentation standards DAGLArticle 126 - External models and data DAGLArticle 127 - Implementing measures DASection 5 - Minimum capital requirement (Article 128-131)Article 128 - General provisions DAArticle 129 - Calculation of the Minimum Capital Requirement DAQ&AArticle 130 - Implementing measures DAArticle 131 - Transitional arrangements regarding compliance with the Minimum Capital RequirementSection 6 - Investments (Article 132-135)Article 132 - Prudent person principle RTSDAQ&AGLArticle 133 - Freedom of investmentArticle 134 - Localisation of assets and prohibition of pledging of assets Article 135 - Implementing measures DACHAPTER VII - Insurance and reinsurance undertakings in difficulty or in an irregular situation (Article 136-144)Article 136 - Identification and notification of deteriorating financial conditions by the insurance and reinsurance undertakingArticle 137 - Non-Compliance with technical provisionsArticle 138 - Non-Compliance with the Solvency Capital Requirement DAGLArticle 139 - Non-Compliance with the Minimum Capital Requirement Q&AArticle 140 - Prohibition of free disposal of assets located within the territory of a Member StateArticle 141 - Supervisory powers in deteriorating financial conditionsArticle 142 - Recovery plan and finance schemeArticle 143 - Implementing measures DAArticle 144 - Withdrawal of authorisation Q&ACHAPTER VIII - Right of establishment and freedom to provide services (Article 145-161)Section 1 - Establishment by insurance undertakings (Article 145-146)Article 145 - Conditions for branch establishment Q&AArticle 146 - Communication of information Section 2 - Freedom to provide services: by insurance undertakings (Article 147-152)Subsection 1 - General provisions (Article 147-149)Article 147 - Prior notification to the home Member State Q&AArticle 148 - Notification by the home Member State Q&AArticle 149 - Changes in the nature of the risks or commitments Q&ASubsection 2 - Third party motor vehicle liability (Article 150-152)Article 150 - Compulsory insurance on third party motor vehicle liabilityArticle 151 - Non-discrimination of persons pursuing claimsArticle 152 - RepresentativeSection 3 - Competencies of the supervisory authorities of the host member state (Article 153-158)Subsection 1 - Insurance (Article 153-157)Article 153 - LanguageArticle 154 - Prior notification and prior approvalArticle 155 - Insurance undertakings not complying with the legal provisions Article 156 - AdvertisingArticle 157 - Taxes on premiumsSubsection 2 - Reinsurance (Article 158)Article 158 - Reinsurance undertakings not complying with the legal provisionsSection 4 - Statistical information (Article 159)Article 159 - Statistical information on cross-border activitiesSection 5 - Treatment of contracts of branches in winding-up proceedings (Article 160-161)Article 160 - Winding-up of insurance undertakingsArticle 161 - Winding-up of reinsurance undertakingsCHAPTER IX - Branches established within the community and belonging to insurance or reinsurance undertakings with head offices situated outside the community (Article 162-175)Section 1 - Taking-up of business (Article 162-171)Article 162 - Principle of authorisation and conditions Q&AGLArticle 163 - Scheme of operations of the branch GLArticle 164 - Transfer of portfolio GLArticle 165 - Technical provisions GLArticle 166 - Solvency Capital Requirement and Minimum Capital Requirement GLArticle 167 - Advantages to undertakings authorised in more than one Member State GLArticle 168 - Accounting, prudential and statistical information and undertakings in difficulty GLArticle 169 - Separation of non-life and life business GLArticle 170 - Withdrawal of authorisation for undertakings authorised in more than one Member State GLArticle 171 - Agreements with third countries GLSection 2 - Reinsurance (Article 172-175)Article 172 - Equivalence DAQ&AArticle 173 - Prohibition of pledging of assets Article 174 - Principle and conditions for conducting reinsurance activity Q&AArticle 175 - Agreements with third countriesCHAPTER X - Subsidiaries of insurance and reinsurance undertakings governed by the laws of a third country and acquisitions of holdings by such undertakings (Article 176-177)Article 176 - Information from Member States to the Commission GLArticle 177 - Third-country treatment of Community insurance and reinsurance undertakings
CHAPTER I - Subject matter, scope and definitions (Article 1-13)Section 1 - Subject matter and scope (Article 1-2)Article 1 - Subject matterArticle 2 - Scope Q&ASection 2 - Exclusions from scope (Article 3-12)Subsection 1 - General (Article 3-4)Article 3 - Statutory systemsArticle 4 - Exclusion from scope due to size Subsection 2 - Non-life (Article 5-8)Article 5 - OperationsArticle 6 - AssistanceArticle 7 - Mutual undertakingsArticle 8 - InstitutionsSubsection 3 - Life (Article 9-10)Article 9 - Operations and activitiesArticle 10 - Organisations, undertakings and institutionsSubsection 4 - Reinsurance (Article 11-12)Article 11 - ReinsuranceArticle 12 - Reinsurance undertakings closing their activitySection 3 - Definitions (Article 13)Article 13 - Definitions RTSQ&AGL
Section 2 - Exclusions from scope (Article 3-12)Subsection 1 - General (Article 3-4)Article 3 - Statutory systemsArticle 4 - Exclusion from scope due to size Subsection 2 - Non-life (Article 5-8)Article 5 - OperationsArticle 6 - AssistanceArticle 7 - Mutual undertakingsArticle 8 - InstitutionsSubsection 3 - Life (Article 9-10)Article 9 - Operations and activitiesArticle 10 - Organisations, undertakings and institutionsSubsection 4 - Reinsurance (Article 11-12)Article 11 - ReinsuranceArticle 12 - Reinsurance undertakings closing their activity
Subsection 1 - General (Article 3-4)Article 3 - Statutory systemsArticle 4 - Exclusion from scope due to size
Subsection 2 - Non-life (Article 5-8)Article 5 - OperationsArticle 6 - AssistanceArticle 7 - Mutual undertakingsArticle 8 - Institutions
Subsection 3 - Life (Article 9-10)Article 9 - Operations and activitiesArticle 10 - Organisations, undertakings and institutions
Subsection 4 - Reinsurance (Article 11-12)Article 11 - ReinsuranceArticle 12 - Reinsurance undertakings closing their activity
CHAPTER II - Taking-up of business (Article 14-26)Article 14 - Principle of authorisationArticle 15 - Scope of authorisationArticle 16 - Ancillary risksArticle 17 - Legal form of the insurance or reinsurance undertakingArticle 18 - Conditions for authorisation Q&AArticle 19 - Close linksArticle 20 - Head office of insurance undertakings and reinsurance undertakingsArticle 21 - Policy conditions and scales of premiumsArticle 22 - Economic requirements of the marketArticle 23 - Scheme of operationsArticle 24 - Shareholders and members with qualifying holdingsArticle 25 - Refusal of authorisationArticle 26 - Prior consultation of the authorities of other Member States
CHAPTER III - Supervisory authorities and general rules (Article 27-39)Article 27 - Main objective of supervision GLArticle 28 - Financial stability and pro-cyclicalityArticle 29 - General principles of supervision GLArticle 30 - Supervisory authorities and scope of supervisionArticle 31 - Transparency and accountability ITSDAArticle 32 - Prohibition of refusal of reinsurance contracts or retrocession contractsArticle 33 - Supervision of branches established in another Member StateArticle 34 - General supervisory powers GLArticle 35 - Information to be provided for supervisory purposes ITSDAQ&AGLArticle 36 - Supervisory review process GLArticle 37 - Capital add-on ITSDAArticle 38 - Supervision of outsourced functions and activities GLArticle 39 - Transfer of portfolio
CHAPTER IV - Conditions governing business (Article 40-72)Section 1 - Responsibility of the administrative, management or supervisory body (Article 40)Article 40 - Responsibility of the administrative, management or supervisory body GLSection 2 - System of governance (Article 41-50)Article 41 - General governance requirements RTSDAQ&AGLArticle 42 - Fit and proper requirements for persons who effectively run the undertaking or have other key functions GLArticle 43 - Proof of good repute GLArticle 44 - Risk management ITSRTSDAQ&AGLArticle 45 - Own risk and solvency assessment RTSDAQ&AGLArticle 46 - Internal control DAGLArticle 47 - Internal audit DAGLArticle 48 - Actuarial function DAGLArticle 49 - Outsourcing DAQ&AGLArticle 50 - Implementing measures DASection 3 - Public disclosure (Article 51-56)Article 51 - Report on solvency and financial condition: contents ITSRTSGLArticle 52 - Information for and reports by CEIOPSArticle 53 - Report on solvency and financial condition: applicable principles GLArticle 54 - Report on solvency and financial condition: updates and additional voluntary information GLArticle 55 - Report on solvency and financial condition: policy and approval GLArticle 56 - Solvency and financial condition report: implementing measures ITSDASection 4 - Qualifying holdings (Article 57-63)Article 57 - Acquisitions GLArticle 58 - Assessment period GLArticle 59 - Assessment GLArticle 60 - Acquisitions by regulated financial undertakings GLArticle 61 - Information to the supervisory authority by the insurance or reinsurance undertaking GLArticle 62 - Qualifying holdings, powers of the supervisory authority GLArticle 63 - Voting rights GLSection 5 - Professional secrecy, exchange of information and promotion of supervisory convergence (Article 64-71)Article 64 - Professional secrecyArticle 65 - Exchange of information between supervisory authorities of Member StatesArticle 66 - Cooperation agreements with third countriesArticle 67 - Use of confidential informationArticle 68 - Exchange of information with other authoritiesArticle 69 - Disclosure of information to government administrations responsible for financial legislationArticle 70 - Transmission of information to central banks and monetary authoritiesArticle 71 - Supervisory convergence GLSection 6 - Duties of auditors (Article 72)Article 72 - Duties of auditors
Section 1 - Responsibility of the administrative, management or supervisory body (Article 40)Article 40 - Responsibility of the administrative, management or supervisory body GL
Section 2 - System of governance (Article 41-50)Article 41 - General governance requirements RTSDAQ&AGLArticle 42 - Fit and proper requirements for persons who effectively run the undertaking or have other key functions GLArticle 43 - Proof of good repute GLArticle 44 - Risk management ITSRTSDAQ&AGLArticle 45 - Own risk and solvency assessment RTSDAQ&AGLArticle 46 - Internal control DAGLArticle 47 - Internal audit DAGLArticle 48 - Actuarial function DAGLArticle 49 - Outsourcing DAQ&AGLArticle 50 - Implementing measures DA
Section 3 - Public disclosure (Article 51-56)Article 51 - Report on solvency and financial condition: contents ITSRTSGLArticle 52 - Information for and reports by CEIOPSArticle 53 - Report on solvency and financial condition: applicable principles GLArticle 54 - Report on solvency and financial condition: updates and additional voluntary information GLArticle 55 - Report on solvency and financial condition: policy and approval GLArticle 56 - Solvency and financial condition report: implementing measures ITSDA
Section 4 - Qualifying holdings (Article 57-63)Article 57 - Acquisitions GLArticle 58 - Assessment period GLArticle 59 - Assessment GLArticle 60 - Acquisitions by regulated financial undertakings GLArticle 61 - Information to the supervisory authority by the insurance or reinsurance undertaking GLArticle 62 - Qualifying holdings, powers of the supervisory authority GLArticle 63 - Voting rights GL
Section 5 - Professional secrecy, exchange of information and promotion of supervisory convergence (Article 64-71)Article 64 - Professional secrecyArticle 65 - Exchange of information between supervisory authorities of Member StatesArticle 66 - Cooperation agreements with third countriesArticle 67 - Use of confidential informationArticle 68 - Exchange of information with other authoritiesArticle 69 - Disclosure of information to government administrations responsible for financial legislationArticle 70 - Transmission of information to central banks and monetary authoritiesArticle 71 - Supervisory convergence GL
CHAPTER V - Pursuit of life and non-life insurance activity (Article 73-74)Article 73 - Pursuit of life and non-life insurance activity Q&AArticle 74 - Separation of life and non-life insurance management Q&A
CHAPTER VI - Rules relating to the valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and investment rules (Article 75-135)Section 1 - Valuation of assets and liabilities (Article 75)Article 75 - Valuation of assets and liabilities DAQ&AGLSection 2 - Rules relating to technical provisions (Article 76-86)Article 76 - General provisions Q&AGLArticle 77 - Calculation of technical provisions ITSDAIAQ&AGLArticle 78 - Other elements to be taken into account in the calculation of technical provisions Q&AGLArticle 79 - Valuation of financial guarantees and contractual options included in insurance and reinsurance contracts GLArticle 80 - Segmentation DAGLArticle 81 - Recoverables from reinsurance contracts and special purpose vehicles DAQ&AGLArticle 82 - Data quality and application of approximations, including case-by-case approaches, for technical provisions DAGLArticle 83 - Comparison against experience GLArticle 84 - Appropriateness of the level of technical provisions GLArticle 85 - Increase of technical provisions GLArticle 86 - Implementing measures ITSDAGLSection 3 - Own funds (Article 87-99)Subsection 1 - Determination of own funds (Article 87-92)Article 87 - Own fundsArticle 88 - Basic own fundsArticle 89 - Ancillary own funds GLArticle 90 - Supervisory approval of ancillary own funds ITSDAGLArticle 91 - Surplus funds Q&AArticle 92 - Implementing measures ITSDAQ&AGLSubsection 2 - Classification of own funds (Article 93-97)Article 93 - Characteristics and features used to classify own funds into tiers GLArticle 94 - Main criteria for the classification into tiers DAGLArticle 95 - Classification of own funds into tiers GLArticle 96 - Classification of specific insurance own-fund items DAGLArticle 97 - Implementing measures DASubsection 3 - Eligibility of own funds (Article 98-99)Article 98 - Eligibility and limits applicable to Tiers 1, 2 and 3 DAArticle 99 - Implementing measures DAGLSection 4 - Solvency capital requirement (Article 100-127)Subsection 1 - General provisions for the solvency capital requirement using the standard formula or an internal model (Article 100-102)Article 100 - General provisions Q&AGLArticle 101 - Calculation of the Solvency Capital Requirement DAGLArticle 102 - Frequency of calculation GLSubsection 2 - Solvency capital requirement standard formula (Article 103-111)Article 103 - Structure of the standard formula DAQ&AGLArticle 104 - Design of the Basic Solvency Capital Requirement DAGLArticle 105 - Calculation of the Basic Solvency Capital Requirement ITSDAQ&AGLArticle 106 - Calculation of the equity risk sub-module: symmetric adjustment mechanism ITSDAArticle 107 - Capital requirement for operational risk DAQ&AArticle 108 - Adjustment for the loss-absorbing capacity of technical provisions and deferred taxes DAGLArticle 109 - Simplifications in the standard formula DAQ&AArticle 110 - Significant deviations from the assumptions underlying the standard formula calculation GLArticle 111 - Implementing measures ITSDAGLSubsection 3 - Solvency capital requirement full and partial internal models (Article 112-127)Article 112 - General provisions for the approval of full and partial internal models ITSGLArticle 113 - Specific provisions for the approval of partial internal models ITSDAGLArticle 114 - Implementing measures ITSDAArticle 115 - Policy for changing the full and partial internal models ITSGLArticle 116 - Responsibilities of the administrative, management or supervisory bodies GLArticle 117 - Reversion to the standard formula Q&AArticle 118 - Non-compliance of the internal modelArticle 119 - Significant deviations from the assumptions underlying the standard formula calculationArticle 120 - Use test DAGLArticle 121 - Statistical quality standards DAGLArticle 122 - Calibration standards DAGLArticle 123 - Profit and loss attribution DAGLArticle 124 - Validation standards DAGLArticle 125 - Documentation standards DAGLArticle 126 - External models and data DAGLArticle 127 - Implementing measures DASection 5 - Minimum capital requirement (Article 128-131)Article 128 - General provisions DAArticle 129 - Calculation of the Minimum Capital Requirement DAQ&AArticle 130 - Implementing measures DAArticle 131 - Transitional arrangements regarding compliance with the Minimum Capital RequirementSection 6 - Investments (Article 132-135)Article 132 - Prudent person principle RTSDAQ&AGLArticle 133 - Freedom of investmentArticle 134 - Localisation of assets and prohibition of pledging of assets Article 135 - Implementing measures DA
Section 1 - Valuation of assets and liabilities (Article 75)Article 75 - Valuation of assets and liabilities DAQ&AGL
Section 2 - Rules relating to technical provisions (Article 76-86)Article 76 - General provisions Q&AGLArticle 77 - Calculation of technical provisions ITSDAIAQ&AGLArticle 78 - Other elements to be taken into account in the calculation of technical provisions Q&AGLArticle 79 - Valuation of financial guarantees and contractual options included in insurance and reinsurance contracts GLArticle 80 - Segmentation DAGLArticle 81 - Recoverables from reinsurance contracts and special purpose vehicles DAQ&AGLArticle 82 - Data quality and application of approximations, including case-by-case approaches, for technical provisions DAGLArticle 83 - Comparison against experience GLArticle 84 - Appropriateness of the level of technical provisions GLArticle 85 - Increase of technical provisions GLArticle 86 - Implementing measures ITSDAGL
Section 3 - Own funds (Article 87-99)Subsection 1 - Determination of own funds (Article 87-92)Article 87 - Own fundsArticle 88 - Basic own fundsArticle 89 - Ancillary own funds GLArticle 90 - Supervisory approval of ancillary own funds ITSDAGLArticle 91 - Surplus funds Q&AArticle 92 - Implementing measures ITSDAQ&AGLSubsection 2 - Classification of own funds (Article 93-97)Article 93 - Characteristics and features used to classify own funds into tiers GLArticle 94 - Main criteria for the classification into tiers DAGLArticle 95 - Classification of own funds into tiers GLArticle 96 - Classification of specific insurance own-fund items DAGLArticle 97 - Implementing measures DASubsection 3 - Eligibility of own funds (Article 98-99)Article 98 - Eligibility and limits applicable to Tiers 1, 2 and 3 DAArticle 99 - Implementing measures DAGL
Subsection 1 - Determination of own funds (Article 87-92)Article 87 - Own fundsArticle 88 - Basic own fundsArticle 89 - Ancillary own funds GLArticle 90 - Supervisory approval of ancillary own funds ITSDAGLArticle 91 - Surplus funds Q&AArticle 92 - Implementing measures ITSDAQ&AGL
Subsection 2 - Classification of own funds (Article 93-97)Article 93 - Characteristics and features used to classify own funds into tiers GLArticle 94 - Main criteria for the classification into tiers DAGLArticle 95 - Classification of own funds into tiers GLArticle 96 - Classification of specific insurance own-fund items DAGLArticle 97 - Implementing measures DA
Subsection 3 - Eligibility of own funds (Article 98-99)Article 98 - Eligibility and limits applicable to Tiers 1, 2 and 3 DAArticle 99 - Implementing measures DAGL
Section 4 - Solvency capital requirement (Article 100-127)Subsection 1 - General provisions for the solvency capital requirement using the standard formula or an internal model (Article 100-102)Article 100 - General provisions Q&AGLArticle 101 - Calculation of the Solvency Capital Requirement DAGLArticle 102 - Frequency of calculation GLSubsection 2 - Solvency capital requirement standard formula (Article 103-111)Article 103 - Structure of the standard formula DAQ&AGLArticle 104 - Design of the Basic Solvency Capital Requirement DAGLArticle 105 - Calculation of the Basic Solvency Capital Requirement ITSDAQ&AGLArticle 106 - Calculation of the equity risk sub-module: symmetric adjustment mechanism ITSDAArticle 107 - Capital requirement for operational risk DAQ&AArticle 108 - Adjustment for the loss-absorbing capacity of technical provisions and deferred taxes DAGLArticle 109 - Simplifications in the standard formula DAQ&AArticle 110 - Significant deviations from the assumptions underlying the standard formula calculation GLArticle 111 - Implementing measures ITSDAGLSubsection 3 - Solvency capital requirement full and partial internal models (Article 112-127)Article 112 - General provisions for the approval of full and partial internal models ITSGLArticle 113 - Specific provisions for the approval of partial internal models ITSDAGLArticle 114 - Implementing measures ITSDAArticle 115 - Policy for changing the full and partial internal models ITSGLArticle 116 - Responsibilities of the administrative, management or supervisory bodies GLArticle 117 - Reversion to the standard formula Q&AArticle 118 - Non-compliance of the internal modelArticle 119 - Significant deviations from the assumptions underlying the standard formula calculationArticle 120 - Use test DAGLArticle 121 - Statistical quality standards DAGLArticle 122 - Calibration standards DAGLArticle 123 - Profit and loss attribution DAGLArticle 124 - Validation standards DAGLArticle 125 - Documentation standards DAGLArticle 126 - External models and data DAGLArticle 127 - Implementing measures DA
Subsection 1 - General provisions for the solvency capital requirement using the standard formula or an internal model (Article 100-102)Article 100 - General provisions Q&AGLArticle 101 - Calculation of the Solvency Capital Requirement DAGLArticle 102 - Frequency of calculation GL
Subsection 2 - Solvency capital requirement standard formula (Article 103-111)Article 103 - Structure of the standard formula DAQ&AGLArticle 104 - Design of the Basic Solvency Capital Requirement DAGLArticle 105 - Calculation of the Basic Solvency Capital Requirement ITSDAQ&AGLArticle 106 - Calculation of the equity risk sub-module: symmetric adjustment mechanism ITSDAArticle 107 - Capital requirement for operational risk DAQ&AArticle 108 - Adjustment for the loss-absorbing capacity of technical provisions and deferred taxes DAGLArticle 109 - Simplifications in the standard formula DAQ&AArticle 110 - Significant deviations from the assumptions underlying the standard formula calculation GLArticle 111 - Implementing measures ITSDAGL
Subsection 3 - Solvency capital requirement full and partial internal models (Article 112-127)Article 112 - General provisions for the approval of full and partial internal models ITSGLArticle 113 - Specific provisions for the approval of partial internal models ITSDAGLArticle 114 - Implementing measures ITSDAArticle 115 - Policy for changing the full and partial internal models ITSGLArticle 116 - Responsibilities of the administrative, management or supervisory bodies GLArticle 117 - Reversion to the standard formula Q&AArticle 118 - Non-compliance of the internal modelArticle 119 - Significant deviations from the assumptions underlying the standard formula calculationArticle 120 - Use test DAGLArticle 121 - Statistical quality standards DAGLArticle 122 - Calibration standards DAGLArticle 123 - Profit and loss attribution DAGLArticle 124 - Validation standards DAGLArticle 125 - Documentation standards DAGLArticle 126 - External models and data DAGLArticle 127 - Implementing measures DA
Section 5 - Minimum capital requirement (Article 128-131)Article 128 - General provisions DAArticle 129 - Calculation of the Minimum Capital Requirement DAQ&AArticle 130 - Implementing measures DAArticle 131 - Transitional arrangements regarding compliance with the Minimum Capital Requirement
Section 6 - Investments (Article 132-135)Article 132 - Prudent person principle RTSDAQ&AGLArticle 133 - Freedom of investmentArticle 134 - Localisation of assets and prohibition of pledging of assets Article 135 - Implementing measures DA
CHAPTER VII - Insurance and reinsurance undertakings in difficulty or in an irregular situation (Article 136-144)Article 136 - Identification and notification of deteriorating financial conditions by the insurance and reinsurance undertakingArticle 137 - Non-Compliance with technical provisionsArticle 138 - Non-Compliance with the Solvency Capital Requirement DAGLArticle 139 - Non-Compliance with the Minimum Capital Requirement Q&AArticle 140 - Prohibition of free disposal of assets located within the territory of a Member StateArticle 141 - Supervisory powers in deteriorating financial conditionsArticle 142 - Recovery plan and finance schemeArticle 143 - Implementing measures DAArticle 144 - Withdrawal of authorisation Q&A
CHAPTER VIII - Right of establishment and freedom to provide services (Article 145-161)Section 1 - Establishment by insurance undertakings (Article 145-146)Article 145 - Conditions for branch establishment Q&AArticle 146 - Communication of information Section 2 - Freedom to provide services: by insurance undertakings (Article 147-152)Subsection 1 - General provisions (Article 147-149)Article 147 - Prior notification to the home Member State Q&AArticle 148 - Notification by the home Member State Q&AArticle 149 - Changes in the nature of the risks or commitments Q&ASubsection 2 - Third party motor vehicle liability (Article 150-152)Article 150 - Compulsory insurance on third party motor vehicle liabilityArticle 151 - Non-discrimination of persons pursuing claimsArticle 152 - RepresentativeSection 3 - Competencies of the supervisory authorities of the host member state (Article 153-158)Subsection 1 - Insurance (Article 153-157)Article 153 - LanguageArticle 154 - Prior notification and prior approvalArticle 155 - Insurance undertakings not complying with the legal provisions Article 156 - AdvertisingArticle 157 - Taxes on premiumsSubsection 2 - Reinsurance (Article 158)Article 158 - Reinsurance undertakings not complying with the legal provisionsSection 4 - Statistical information (Article 159)Article 159 - Statistical information on cross-border activitiesSection 5 - Treatment of contracts of branches in winding-up proceedings (Article 160-161)Article 160 - Winding-up of insurance undertakingsArticle 161 - Winding-up of reinsurance undertakings
Section 1 - Establishment by insurance undertakings (Article 145-146)Article 145 - Conditions for branch establishment Q&AArticle 146 - Communication of information
Section 2 - Freedom to provide services: by insurance undertakings (Article 147-152)Subsection 1 - General provisions (Article 147-149)Article 147 - Prior notification to the home Member State Q&AArticle 148 - Notification by the home Member State Q&AArticle 149 - Changes in the nature of the risks or commitments Q&ASubsection 2 - Third party motor vehicle liability (Article 150-152)Article 150 - Compulsory insurance on third party motor vehicle liabilityArticle 151 - Non-discrimination of persons pursuing claimsArticle 152 - Representative
Subsection 1 - General provisions (Article 147-149)Article 147 - Prior notification to the home Member State Q&AArticle 148 - Notification by the home Member State Q&AArticle 149 - Changes in the nature of the risks or commitments Q&A
Subsection 2 - Third party motor vehicle liability (Article 150-152)Article 150 - Compulsory insurance on third party motor vehicle liabilityArticle 151 - Non-discrimination of persons pursuing claimsArticle 152 - Representative
Section 3 - Competencies of the supervisory authorities of the host member state (Article 153-158)Subsection 1 - Insurance (Article 153-157)Article 153 - LanguageArticle 154 - Prior notification and prior approvalArticle 155 - Insurance undertakings not complying with the legal provisions Article 156 - AdvertisingArticle 157 - Taxes on premiumsSubsection 2 - Reinsurance (Article 158)Article 158 - Reinsurance undertakings not complying with the legal provisions
Subsection 1 - Insurance (Article 153-157)Article 153 - LanguageArticle 154 - Prior notification and prior approvalArticle 155 - Insurance undertakings not complying with the legal provisions Article 156 - AdvertisingArticle 157 - Taxes on premiums
Subsection 2 - Reinsurance (Article 158)Article 158 - Reinsurance undertakings not complying with the legal provisions
Section 4 - Statistical information (Article 159)Article 159 - Statistical information on cross-border activities
Section 5 - Treatment of contracts of branches in winding-up proceedings (Article 160-161)Article 160 - Winding-up of insurance undertakingsArticle 161 - Winding-up of reinsurance undertakings
CHAPTER IX - Branches established within the community and belonging to insurance or reinsurance undertakings with head offices situated outside the community (Article 162-175)Section 1 - Taking-up of business (Article 162-171)Article 162 - Principle of authorisation and conditions Q&AGLArticle 163 - Scheme of operations of the branch GLArticle 164 - Transfer of portfolio GLArticle 165 - Technical provisions GLArticle 166 - Solvency Capital Requirement and Minimum Capital Requirement GLArticle 167 - Advantages to undertakings authorised in more than one Member State GLArticle 168 - Accounting, prudential and statistical information and undertakings in difficulty GLArticle 169 - Separation of non-life and life business GLArticle 170 - Withdrawal of authorisation for undertakings authorised in more than one Member State GLArticle 171 - Agreements with third countries GLSection 2 - Reinsurance (Article 172-175)Article 172 - Equivalence DAQ&AArticle 173 - Prohibition of pledging of assets Article 174 - Principle and conditions for conducting reinsurance activity Q&AArticle 175 - Agreements with third countries
Section 1 - Taking-up of business (Article 162-171)Article 162 - Principle of authorisation and conditions Q&AGLArticle 163 - Scheme of operations of the branch GLArticle 164 - Transfer of portfolio GLArticle 165 - Technical provisions GLArticle 166 - Solvency Capital Requirement and Minimum Capital Requirement GLArticle 167 - Advantages to undertakings authorised in more than one Member State GLArticle 168 - Accounting, prudential and statistical information and undertakings in difficulty GLArticle 169 - Separation of non-life and life business GLArticle 170 - Withdrawal of authorisation for undertakings authorised in more than one Member State GLArticle 171 - Agreements with third countries GL
Section 2 - Reinsurance (Article 172-175)Article 172 - Equivalence DAQ&AArticle 173 - Prohibition of pledging of assets Article 174 - Principle and conditions for conducting reinsurance activity Q&AArticle 175 - Agreements with third countries
CHAPTER X - Subsidiaries of insurance and reinsurance undertakings governed by the laws of a third country and acquisitions of holdings by such undertakings (Article 176-177)Article 176 - Information from Member States to the Commission GLArticle 177 - Third-country treatment of Community insurance and reinsurance undertakings
TITLE II - SPECIFIC PROVISIONS FOR INSURANCE AND REINSURANCE (Article 178-211)CHAPTER I - Applicable law and conditions of direct insurance contracts (Article 178-186)Section 1 - Applicable law (Article 178)Article 178 - Applicable LawSection 2 - Compulsory insurance (Article 179)Article 179 - Related obligations Q&ASection 3 - General good (Article 180)Article 180 - General good Q&ASection 4 - Conditions of insurance contracts and scales of premiums (Article 181-182)Article 181 - Non-life insuranceArticle 182 - Life insuranceSection 5 - Information for policy holders (Article 183-186)Subsection 1 - Non-life insurance (Article 183-184)Article 183 - General Information for policy holders Q&AGLArticle 184 - Additional information in the case of non-life insurance offered under the right of establishment or the freedom to provide servicesSubsection 2 - Life insurance (Article 185-186)Article 185 - Information for policy holders GLArticle 186 - Cancellation periodCHAPTER II - Provisions specific to non-life insurance (Article 187-207)Section 1 - General provisions (Article 187-189)Article 187 - Policy ConditionsArticle 188 - Abolition of monopoliesArticle 189 - Participation in national guarantee schemes Q&ASection 2 - Community co-insurance (Article 190-196)Article 190 - Community co-insurance operations Q&AArticle 191 - Participation in Community co-insuranceArticle 192 - Technical provisionsArticle 193 - Statistical dataArticle 194 - Treatment of co-insurance contracts in winding-up proceedingsArticle 195 - Exchange of information between supervisory authoritiesArticle 196 - Cooperation on implementationSection 3 - Assistance (Article 197)Article 197 - Activities similar to tourist assistance Q&ASection 4 - Legal expenses insurance (Article 198-205)Article 198 - Scope of this SectionArticle 199 - Separate contractsArticle 200 - Management of claimsArticle 201 - Free choice of lawyerArticle 202 - Exception to the free choice of lawyerArticle 203 - ArbitrationArticle 204 - Conflict of interestArticle 205 - Abolition of specialisation of legal expenses insuranceSection 5 - Health insurance (Article 206)Article 206 - Health insurance as an alternative to social securitySection 6 - Insurance against accidents at work (Article 207)Article 207 - Compulsory insurance against accidents at workCHAPTER III - Provisions specific to life insurance (Article 208-209)Article 208 - Prohibition on compulsory ceding of part of underwritingArticle 209 - Premiums for new businessCHAPTER IV - Rules specific to reinsurance (Article 210-211)Article 210 - Finite reinsuranceArticle 211 - Special purpose vehicles ITSDA
CHAPTER I - Applicable law and conditions of direct insurance contracts (Article 178-186)Section 1 - Applicable law (Article 178)Article 178 - Applicable LawSection 2 - Compulsory insurance (Article 179)Article 179 - Related obligations Q&ASection 3 - General good (Article 180)Article 180 - General good Q&ASection 4 - Conditions of insurance contracts and scales of premiums (Article 181-182)Article 181 - Non-life insuranceArticle 182 - Life insuranceSection 5 - Information for policy holders (Article 183-186)Subsection 1 - Non-life insurance (Article 183-184)Article 183 - General Information for policy holders Q&AGLArticle 184 - Additional information in the case of non-life insurance offered under the right of establishment or the freedom to provide servicesSubsection 2 - Life insurance (Article 185-186)Article 185 - Information for policy holders GLArticle 186 - Cancellation period
Section 4 - Conditions of insurance contracts and scales of premiums (Article 181-182)Article 181 - Non-life insuranceArticle 182 - Life insurance
Section 5 - Information for policy holders (Article 183-186)Subsection 1 - Non-life insurance (Article 183-184)Article 183 - General Information for policy holders Q&AGLArticle 184 - Additional information in the case of non-life insurance offered under the right of establishment or the freedom to provide servicesSubsection 2 - Life insurance (Article 185-186)Article 185 - Information for policy holders GLArticle 186 - Cancellation period
Subsection 1 - Non-life insurance (Article 183-184)Article 183 - General Information for policy holders Q&AGLArticle 184 - Additional information in the case of non-life insurance offered under the right of establishment or the freedom to provide services
Subsection 2 - Life insurance (Article 185-186)Article 185 - Information for policy holders GLArticle 186 - Cancellation period
CHAPTER II - Provisions specific to non-life insurance (Article 187-207)Section 1 - General provisions (Article 187-189)Article 187 - Policy ConditionsArticle 188 - Abolition of monopoliesArticle 189 - Participation in national guarantee schemes Q&ASection 2 - Community co-insurance (Article 190-196)Article 190 - Community co-insurance operations Q&AArticle 191 - Participation in Community co-insuranceArticle 192 - Technical provisionsArticle 193 - Statistical dataArticle 194 - Treatment of co-insurance contracts in winding-up proceedingsArticle 195 - Exchange of information between supervisory authoritiesArticle 196 - Cooperation on implementationSection 3 - Assistance (Article 197)Article 197 - Activities similar to tourist assistance Q&ASection 4 - Legal expenses insurance (Article 198-205)Article 198 - Scope of this SectionArticle 199 - Separate contractsArticle 200 - Management of claimsArticle 201 - Free choice of lawyerArticle 202 - Exception to the free choice of lawyerArticle 203 - ArbitrationArticle 204 - Conflict of interestArticle 205 - Abolition of specialisation of legal expenses insuranceSection 5 - Health insurance (Article 206)Article 206 - Health insurance as an alternative to social securitySection 6 - Insurance against accidents at work (Article 207)Article 207 - Compulsory insurance against accidents at work
Section 1 - General provisions (Article 187-189)Article 187 - Policy ConditionsArticle 188 - Abolition of monopoliesArticle 189 - Participation in national guarantee schemes Q&A
Section 2 - Community co-insurance (Article 190-196)Article 190 - Community co-insurance operations Q&AArticle 191 - Participation in Community co-insuranceArticle 192 - Technical provisionsArticle 193 - Statistical dataArticle 194 - Treatment of co-insurance contracts in winding-up proceedingsArticle 195 - Exchange of information between supervisory authoritiesArticle 196 - Cooperation on implementation
Section 4 - Legal expenses insurance (Article 198-205)Article 198 - Scope of this SectionArticle 199 - Separate contractsArticle 200 - Management of claimsArticle 201 - Free choice of lawyerArticle 202 - Exception to the free choice of lawyerArticle 203 - ArbitrationArticle 204 - Conflict of interestArticle 205 - Abolition of specialisation of legal expenses insurance
Section 5 - Health insurance (Article 206)Article 206 - Health insurance as an alternative to social security
Section 6 - Insurance against accidents at work (Article 207)Article 207 - Compulsory insurance against accidents at work
CHAPTER III - Provisions specific to life insurance (Article 208-209)Article 208 - Prohibition on compulsory ceding of part of underwritingArticle 209 - Premiums for new business
CHAPTER IV - Rules specific to reinsurance (Article 210-211)Article 210 - Finite reinsuranceArticle 211 - Special purpose vehicles ITSDA
TITLE III - SUPERVISION OF INSURANCE AND REINSURANCE UNDERTAKINGS IN A GROUP (Article 212-266)CHAPTER I - Group supervision: definitions, cases of application, scope and levels (Article 212-217)Section 1 - Definitions (Article 212)Article 212 - Definitions RTSDAQ&AGLSection 2 - Cases of application and scope (Article 213-214)Article 213 - Cases of application of group supervision Q&AGLArticle 214 - Scope of group supervision Q&AGLSection 3 - Levels (Article 215-217)Article 215 - Ultimate parent undertaking at Community level Q&AGLArticle 216 - Ultimate parent undertaking at national level DAQ&AGLArticle 217 - Parent undertaking covering several Member States DAGLCHAPTER II - Financial position (Article 218-246)Section 1 - Group solvency (Article 218-243)Subsection 1 - General provisions (Article 218-219)Article 218 - Supervision of group solvency GLArticle 219 - Frequency of calculation Q&AGLSubsection 2 - Choice of calculation method and general principles (Article 220-224)Article 220 - Choice of method GLArticle 221 - Inclusion of proportional share GLArticle 222 - Elimination of double use of eligible own funds Q&AGLArticle 223 - Elimination of the intra-group creation of capital Q&AGLArticle 224 - Valuation GLSubsection 3 - Application of the calculation methods (Article 225-229)Article 225 - Related insurance and reinsurance undertakings GLArticle 226 - Intermediate insurance holding companies GLArticle 227 - Related third-country insurance and reinsurance undertakings DAGLArticle 228 - Related credit institutions, investment firms and financial institutions GLArticle 229 - Non-availability of the necessary information GLSubsection 4 - Calculation methods (Article 230-234)Article 230 - Method 1 (Default method): Accounting consolidation-based method DAQ&AGLArticle 231 - Group internal model ITSDAGLArticle 232 - Group capital add-on DAGLArticle 233 - Method 2 (Alternative method): Deduction and aggregation method DAQ&AGLArticle 234 - Implementing measures DAGLSubsection 5 - Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding company (Article 235)Article 235 - Group solvency of an insurance holding company GLSubsection 6 - Supervision of group solvency for groups with centralised risk management (Article 236-243)Article 236 - Subsidiaries of an insurance or reinsurance undertaking: conditions DAArticle 237 - Subsidiaries of an insurance or reinsurance undertaking: decision on the application DAArticle 238 - Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital Requirement DAArticle 239 - Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements DAArticle 240 - Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiary DAArticle 241 - Subsidiaries of an insurance or reinsurance undertaking: implementing measures DAArticle 242 - Review Article 243 - Subsidiaries of an insurance holding companySection 2 - Risk concentration and intra-group transactions (Article 244-245)Article 244 - Supervision of risk concentration ITSDAArticle 245 - Supervision of intra-group transactions ITSDAQ&ASection 3 - Risk management and internal control (Article 246)Article 246 - Supervision of the system of governance RTSGLCHAPTER III - Measures to facilitate group supervision (Article 247-259)Article 247 - Group SupervisorArticle 248 - Rights and duties of the group supervisor and the other supervisors College of supervisors DAGLArticle 249 - Cooperation and exchange of information between supervisory authorities ITSDAGLArticle 250 - Consultation between supervisory authorities GLArticle 251 - Requests from the group supervisor to other supervisory authoritiesArticle 252 - Cooperation with authorities responsible for credit institutions and investment firmsArticle 253 - Professional secrecy and confidentialityArticle 254 - Access to information Q&AGLArticle 255 - Verification of information GLArticle 256 - Group solvency and financial condition report ITSDAGLArticle 257 - Administrative, management or supervisory body of insurance holding companiesArticle 258 - Enforcement measuresArticle 259 - Reporting of CEIOPSCHAPTER IV - Third countries (Article 260-264)Article 260 - Parent undertakings outside the Community: verification of equivalence DAGLArticle 261 - Parent undertakings outside the Community: equivalence GLArticle 262 - Parent undertakings outside the Community: absence of equivalence Q&AGLArticle 263 - Parent undertakings outside the Community: levels GLArticle 264 - Cooperation with third-country supervisory authoritiesCHAPTER V - Mixed-activity insurance holding companies (Article 265-266)Article 265 - Intra-group transactions Q&AArticle 266 - Cooperation with third countries
CHAPTER I - Group supervision: definitions, cases of application, scope and levels (Article 212-217)Section 1 - Definitions (Article 212)Article 212 - Definitions RTSDAQ&AGLSection 2 - Cases of application and scope (Article 213-214)Article 213 - Cases of application of group supervision Q&AGLArticle 214 - Scope of group supervision Q&AGLSection 3 - Levels (Article 215-217)Article 215 - Ultimate parent undertaking at Community level Q&AGLArticle 216 - Ultimate parent undertaking at national level DAQ&AGLArticle 217 - Parent undertaking covering several Member States DAGL
Section 2 - Cases of application and scope (Article 213-214)Article 213 - Cases of application of group supervision Q&AGLArticle 214 - Scope of group supervision Q&AGL
Section 3 - Levels (Article 215-217)Article 215 - Ultimate parent undertaking at Community level Q&AGLArticle 216 - Ultimate parent undertaking at national level DAQ&AGLArticle 217 - Parent undertaking covering several Member States DAGL
CHAPTER II - Financial position (Article 218-246)Section 1 - Group solvency (Article 218-243)Subsection 1 - General provisions (Article 218-219)Article 218 - Supervision of group solvency GLArticle 219 - Frequency of calculation Q&AGLSubsection 2 - Choice of calculation method and general principles (Article 220-224)Article 220 - Choice of method GLArticle 221 - Inclusion of proportional share GLArticle 222 - Elimination of double use of eligible own funds Q&AGLArticle 223 - Elimination of the intra-group creation of capital Q&AGLArticle 224 - Valuation GLSubsection 3 - Application of the calculation methods (Article 225-229)Article 225 - Related insurance and reinsurance undertakings GLArticle 226 - Intermediate insurance holding companies GLArticle 227 - Related third-country insurance and reinsurance undertakings DAGLArticle 228 - Related credit institutions, investment firms and financial institutions GLArticle 229 - Non-availability of the necessary information GLSubsection 4 - Calculation methods (Article 230-234)Article 230 - Method 1 (Default method): Accounting consolidation-based method DAQ&AGLArticle 231 - Group internal model ITSDAGLArticle 232 - Group capital add-on DAGLArticle 233 - Method 2 (Alternative method): Deduction and aggregation method DAQ&AGLArticle 234 - Implementing measures DAGLSubsection 5 - Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding company (Article 235)Article 235 - Group solvency of an insurance holding company GLSubsection 6 - Supervision of group solvency for groups with centralised risk management (Article 236-243)Article 236 - Subsidiaries of an insurance or reinsurance undertaking: conditions DAArticle 237 - Subsidiaries of an insurance or reinsurance undertaking: decision on the application DAArticle 238 - Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital Requirement DAArticle 239 - Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements DAArticle 240 - Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiary DAArticle 241 - Subsidiaries of an insurance or reinsurance undertaking: implementing measures DAArticle 242 - Review Article 243 - Subsidiaries of an insurance holding companySection 2 - Risk concentration and intra-group transactions (Article 244-245)Article 244 - Supervision of risk concentration ITSDAArticle 245 - Supervision of intra-group transactions ITSDAQ&ASection 3 - Risk management and internal control (Article 246)Article 246 - Supervision of the system of governance RTSGL
Section 1 - Group solvency (Article 218-243)Subsection 1 - General provisions (Article 218-219)Article 218 - Supervision of group solvency GLArticle 219 - Frequency of calculation Q&AGLSubsection 2 - Choice of calculation method and general principles (Article 220-224)Article 220 - Choice of method GLArticle 221 - Inclusion of proportional share GLArticle 222 - Elimination of double use of eligible own funds Q&AGLArticle 223 - Elimination of the intra-group creation of capital Q&AGLArticle 224 - Valuation GLSubsection 3 - Application of the calculation methods (Article 225-229)Article 225 - Related insurance and reinsurance undertakings GLArticle 226 - Intermediate insurance holding companies GLArticle 227 - Related third-country insurance and reinsurance undertakings DAGLArticle 228 - Related credit institutions, investment firms and financial institutions GLArticle 229 - Non-availability of the necessary information GLSubsection 4 - Calculation methods (Article 230-234)Article 230 - Method 1 (Default method): Accounting consolidation-based method DAQ&AGLArticle 231 - Group internal model ITSDAGLArticle 232 - Group capital add-on DAGLArticle 233 - Method 2 (Alternative method): Deduction and aggregation method DAQ&AGLArticle 234 - Implementing measures DAGLSubsection 5 - Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding company (Article 235)Article 235 - Group solvency of an insurance holding company GLSubsection 6 - Supervision of group solvency for groups with centralised risk management (Article 236-243)Article 236 - Subsidiaries of an insurance or reinsurance undertaking: conditions DAArticle 237 - Subsidiaries of an insurance or reinsurance undertaking: decision on the application DAArticle 238 - Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital Requirement DAArticle 239 - Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements DAArticle 240 - Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiary DAArticle 241 - Subsidiaries of an insurance or reinsurance undertaking: implementing measures DAArticle 242 - Review Article 243 - Subsidiaries of an insurance holding company
Subsection 1 - General provisions (Article 218-219)Article 218 - Supervision of group solvency GLArticle 219 - Frequency of calculation Q&AGL
Subsection 2 - Choice of calculation method and general principles (Article 220-224)Article 220 - Choice of method GLArticle 221 - Inclusion of proportional share GLArticle 222 - Elimination of double use of eligible own funds Q&AGLArticle 223 - Elimination of the intra-group creation of capital Q&AGLArticle 224 - Valuation GL
Subsection 3 - Application of the calculation methods (Article 225-229)Article 225 - Related insurance and reinsurance undertakings GLArticle 226 - Intermediate insurance holding companies GLArticle 227 - Related third-country insurance and reinsurance undertakings DAGLArticle 228 - Related credit institutions, investment firms and financial institutions GLArticle 229 - Non-availability of the necessary information GL
Subsection 4 - Calculation methods (Article 230-234)Article 230 - Method 1 (Default method): Accounting consolidation-based method DAQ&AGLArticle 231 - Group internal model ITSDAGLArticle 232 - Group capital add-on DAGLArticle 233 - Method 2 (Alternative method): Deduction and aggregation method DAQ&AGLArticle 234 - Implementing measures DAGL
Subsection 5 - Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding company (Article 235)Article 235 - Group solvency of an insurance holding company GL
Subsection 6 - Supervision of group solvency for groups with centralised risk management (Article 236-243)Article 236 - Subsidiaries of an insurance or reinsurance undertaking: conditions DAArticle 237 - Subsidiaries of an insurance or reinsurance undertaking: decision on the application DAArticle 238 - Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital Requirement DAArticle 239 - Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements DAArticle 240 - Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiary DAArticle 241 - Subsidiaries of an insurance or reinsurance undertaking: implementing measures DAArticle 242 - Review Article 243 - Subsidiaries of an insurance holding company
Section 2 - Risk concentration and intra-group transactions (Article 244-245)Article 244 - Supervision of risk concentration ITSDAArticle 245 - Supervision of intra-group transactions ITSDAQ&A
Section 3 - Risk management and internal control (Article 246)Article 246 - Supervision of the system of governance RTSGL
CHAPTER III - Measures to facilitate group supervision (Article 247-259)Article 247 - Group SupervisorArticle 248 - Rights and duties of the group supervisor and the other supervisors College of supervisors DAGLArticle 249 - Cooperation and exchange of information between supervisory authorities ITSDAGLArticle 250 - Consultation between supervisory authorities GLArticle 251 - Requests from the group supervisor to other supervisory authoritiesArticle 252 - Cooperation with authorities responsible for credit institutions and investment firmsArticle 253 - Professional secrecy and confidentialityArticle 254 - Access to information Q&AGLArticle 255 - Verification of information GLArticle 256 - Group solvency and financial condition report ITSDAGLArticle 257 - Administrative, management or supervisory body of insurance holding companiesArticle 258 - Enforcement measuresArticle 259 - Reporting of CEIOPS
CHAPTER IV - Third countries (Article 260-264)Article 260 - Parent undertakings outside the Community: verification of equivalence DAGLArticle 261 - Parent undertakings outside the Community: equivalence GLArticle 262 - Parent undertakings outside the Community: absence of equivalence Q&AGLArticle 263 - Parent undertakings outside the Community: levels GLArticle 264 - Cooperation with third-country supervisory authorities
CHAPTER V - Mixed-activity insurance holding companies (Article 265-266)Article 265 - Intra-group transactions Q&AArticle 266 - Cooperation with third countries
TITLE IV - REORGANISATION AND WINDING-UP OF INSURANCE UNDERTAKINGS (Article 267-296)CHAPTER I - Scope and definitions (Article 267-268)Article 267 - Scope of this TitleArticle 268 - DefinitionsCHAPTER II - Reorganisation measures (Article 269-272)Article 269 - Adoption of reorganisation measures applicable lawArticle 270 - Information to the supervisory authoritiesArticle 271 - Publication of decisions on reorganisation measures Article 272 - Information to known creditors right to lodge claimsCHAPTER III - Winding-up proceedings (Article 273-284)Article 273 - Opening of winding-up proceedings information to the supervisory authoritiesArticle 274 - Applicable lawArticle 275 - Treatment of insurance claims Q&AArticle 276 - Special registerArticle 277 - Subrogation to a guarantee schemeArticle 278 - Representation of preferential claims by assetsArticle 279 - Withdrawal of the authorisationArticle 280 - Publication of decisions on winding-up proceedings Article 281 - Information to known creditorsArticle 282 - Right to lodge claimsArticle 283 - Languages and formArticle 284 - Regular information to the creditorsCHAPTER IV - Common provisions (Article 285-296)Article 285 - Effects on certain contracts and rightsArticle 286 - Rights in rem of third partiesArticle 287 - Reservation of titleArticle 288 - Set-offArticle 289 - Regulated marketsArticle 290 - Detrimental actsArticle 291 - Protection of third-party purchasersArticle 292 - Lawsuits pendingArticle 293 - Administrators and liquidators Article 294 - Registration in a public register Article 295 - Professional secrecyArticle 296 - Treatment of branches of third-country insurance undertakings
CHAPTER I - Scope and definitions (Article 267-268)Article 267 - Scope of this TitleArticle 268 - Definitions
CHAPTER II - Reorganisation measures (Article 269-272)Article 269 - Adoption of reorganisation measures applicable lawArticle 270 - Information to the supervisory authoritiesArticle 271 - Publication of decisions on reorganisation measures Article 272 - Information to known creditors right to lodge claims
CHAPTER III - Winding-up proceedings (Article 273-284)Article 273 - Opening of winding-up proceedings information to the supervisory authoritiesArticle 274 - Applicable lawArticle 275 - Treatment of insurance claims Q&AArticle 276 - Special registerArticle 277 - Subrogation to a guarantee schemeArticle 278 - Representation of preferential claims by assetsArticle 279 - Withdrawal of the authorisationArticle 280 - Publication of decisions on winding-up proceedings Article 281 - Information to known creditorsArticle 282 - Right to lodge claimsArticle 283 - Languages and formArticle 284 - Regular information to the creditors
CHAPTER IV - Common provisions (Article 285-296)Article 285 - Effects on certain contracts and rightsArticle 286 - Rights in rem of third partiesArticle 287 - Reservation of titleArticle 288 - Set-offArticle 289 - Regulated marketsArticle 290 - Detrimental actsArticle 291 - Protection of third-party purchasersArticle 292 - Lawsuits pendingArticle 293 - Administrators and liquidators Article 294 - Registration in a public register Article 295 - Professional secrecyArticle 296 - Treatment of branches of third-country insurance undertakings
TITLE V - OTHER PROVISIONS (Article 297-304)Article 297 - Right to apply to the courts Article 298 - Cooperation between the Member States and the CommissionArticle 299 - Euro Q&AArticle 300 - Revision of amounts expressed in euro Q&AArticle 301 - Committee procedureArticle 302 - Notifications submitted prior to entry into force of the laws, regulations and administrative provisions necessary to comply with Articles 57 to 63Article 303 - Amendments to Directive 2003/41/ECArticle 304 - Duration-based equity risk sub-module ITSDAQ&A
TITLE VI - TRANSITIONAL AND FINAL PROVISIONS (Article 305-312)CHAPTER I - Transitional provisions (Article 305-308)Section 1 - Insurance (Article 305-306)Article 305 - Derogations and abolition of restrictive measuresArticle 306 - Rights acquired by existing branches and insurance undertakingsSection 2 - Reinsurance (Article 307-308)Article 307 - Transitional period for Articles 57(3) and 60(6) of Directive 2005/68/ECArticle 308 - Right acquired by existing reinsurance undertakingsCHAPTER II - Final provisions (Article 309-312)Article 309 - TranspositionArticle 310 - RepealArticle 311 - Entry into force Q&AArticle 312 - Addressees
CHAPTER I - Transitional provisions (Article 305-308)Section 1 - Insurance (Article 305-306)Article 305 - Derogations and abolition of restrictive measuresArticle 306 - Rights acquired by existing branches and insurance undertakingsSection 2 - Reinsurance (Article 307-308)Article 307 - Transitional period for Articles 57(3) and 60(6) of Directive 2005/68/ECArticle 308 - Right acquired by existing reinsurance undertakings
Section 1 - Insurance (Article 305-306)Article 305 - Derogations and abolition of restrictive measuresArticle 306 - Rights acquired by existing branches and insurance undertakings
Section 2 - Reinsurance (Article 307-308)Article 307 - Transitional period for Articles 57(3) and 60(6) of Directive 2005/68/ECArticle 308 - Right acquired by existing reinsurance undertakings
CHAPTER II - Final provisions (Article 309-312)Article 309 - TranspositionArticle 310 - RepealArticle 311 - Entry into force Q&AArticle 312 - Addressees