Third Life Insurance Directive
E554129
The Third Life Insurance Directive was a European Union legislative measure that harmonized life insurance regulation across member states before being superseded by the Solvency II framework.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Third Life Insurance Directive canonical | 1 |
Statements (34)
| Predicate | Object |
|---|---|
| instanceOf | European Union directive ⓘ |
| affects |
EU life insurance companies operating cross‑border
ⓘ
policyholders of life insurance products in the EU ⓘ |
| aimsTo |
ensure adequate policyholder protection in the EU
ⓘ
facilitate the internal market for life insurance ⓘ |
| appliesTo | life insurance ⓘ |
| basedOn | home country control principle ⓘ |
| defines |
conditions for authorization of life insurance undertakings
ⓘ
rules on solvency margins for life insurers prior to Solvency II ⓘ rules on technical provisions for life insurers prior to Solvency II ⓘ |
| ensures |
minimum harmonization of prudential standards for life insurance prior to Solvency II
ⓘ
mutual recognition of authorization for life insurers within the EU ⓘ |
| establishes | single licence system for life insurers in the EU internal market ⓘ |
| goal | harmonization of life insurance regulation across EU member states ⓘ |
| harmonizes |
prudential rules for life insurance in the EU
ⓘ
supervisory rules for life insurance in the EU ⓘ |
| inForceStatus | largely repealed and replaced by Solvency II ⓘ |
| jurisdiction | European Union ⓘ |
| legalForm | binding legislative act for EU member states ⓘ |
| partOf | European Union insurance regulatory framework NERFINISHED ⓘ |
| policyArea |
financial services regulation
ⓘ
insurance regulation ⓘ |
| predecessorOf | Solvency II Directive NERFINISHED ⓘ |
| regulates |
cross‑border provision of life insurance services in the EU
ⓘ
freedom of establishment for life insurers in the EU ⓘ freedom to provide services for life insurers in the EU ⓘ life insurance undertakings ⓘ |
| replaces | earlier EU life insurance directives in part ⓘ |
| requires | transposition into national law by EU member states ⓘ |
| scope |
direct life insurance business
ⓘ
life insurance branches established in other EU member states ⓘ |
| subjectMatter | coordination of laws, regulations and administrative provisions relating to direct life assurance ⓘ |
| supersededBy |
Solvency II Directive 2009/138/EC
NERFINISHED
ⓘ
Solvency II framework NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.