First Life Insurance Directive
E554127
The First Life Insurance Directive was an early European Community legislative act that established foundational rules for the regulation and supervision of life insurance business across member states.
All labels observed (1)
| Label | Occurrences |
|---|---|
| First Life Insurance Directive canonical | 1 |
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf | EU life insurance directive ⓘ |
| aimsAt |
approximation of national provisions governing life insurance
ⓘ
removing obstacles to the freedom of establishment of life insurers ⓘ |
| appliesTo | Member States of the European Economic Community NERFINISHED ⓘ |
| basedOn | Treaty provisions on freedom of establishment ⓘ |
| concerns |
licensing conditions for life insurance undertakings
ⓘ
life assurance contracts ⓘ scope of activities that may be carried out by authorised life insurers ⓘ supervision of life insurance undertakings by national authorities ⓘ supervisory powers of national authorities over life insurers ⓘ |
| establishes |
foundational rules for supervision of life insurance undertakings
ⓘ
minimum standards for authorisation of life insurance undertakings ⓘ rules on solvency margins for life insurers ⓘ rules on technical provisions for life insurers ⓘ rules on the activities of life insurance undertakings ⓘ |
| field |
EU internal market law
NERFINISHED
ⓘ
financial services regulation ⓘ insurance law ⓘ |
| hasLegalEffect | harmonised minimum prudential standards for life insurers in the EEC ⓘ |
| hasObjective |
ensure adequate protection of insured persons and beneficiaries
ⓘ
ensure financial soundness of life insurance undertakings ⓘ |
| hasPurpose |
coordination of laws relating to life assurance
ⓘ
facilitation of the freedom of establishment for life insurers ⓘ harmonisation of life insurance regulation in the European Community ⓘ protection of policyholders in life insurance ⓘ |
| imposesObligationsOn |
life insurance undertakings established in Member States
ⓘ
national supervisory authorities for life insurance ⓘ |
| influenced | later EU solvency and insurance supervision regimes ⓘ |
| inForceIn | Member States of the European Economic Community after its transposition ⓘ |
| introducesConcept | home-country control in life insurance supervision ⓘ |
| jurisdiction |
European Economic Community
NERFINISHED
ⓘ
European Union legal order NERFINISHED ⓘ |
| language | all official languages of the European Economic Community ⓘ |
| partOf | EU insurance directives framework ⓘ |
| regulates | life insurance business ⓘ |
| relatedTo |
First Non-Life Insurance Directive
NERFINISHED
ⓘ
Second Life Insurance Directive NERFINISHED ⓘ Third Life Insurance Directive NERFINISHED ⓘ |
| requires |
Member States to adapt national life insurance legislation
ⓘ
authorisation of life insurance undertakings by the home Member State ⓘ ongoing prudential supervision of life insurers ⓘ |
| sector | life insurance ⓘ |
| targets | cross-border provision of life insurance services within the Community ⓘ |
| typeOfRegulation | minimum harmonisation measure ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.