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Directive 2002/83/EC of the European Parliament and of the CouncilShow full title
Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance
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This is a legislation item that originated from the EU
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Changes over time for: Directive 2002/83/EC of the European Parliament and of the Council
Alternative versions:
- 05/11/2002- Amendment
- 01/05/2004- Amendment
- 13/04/2005- Amendment
- 10/12/2005- Amendment
- 01/01/2007- Amendment
- 21/09/2007- Amendment
- 20/03/2008- Amendment
- 01/07/2013- Amendment
- 01/01/2016- Amendment
- Exit day: start of implementation period31/01/2020 11pm- Amendment
- End of implementation period31/12/2020- Amendment
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EU Directives are being published on this site to aid cross referencing from UK legislation. After IP completion day (31 December 2020 11pm) no further amendments will be applied to this version.
Directive 2002/83/EC of the European Parliament and of the Council
of 5 November 2002
concerning life assurance
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1 Repealed by Directive 2013/58/EU of the European Parliament and of the Council of 11 December 2013 amending Directive 2009/138/EC (Solvency II) as regards the date for its transposition and the date of its application, and the date of repeal of certain Directives (Solvency I) (Text with EEA relevance).
F1TITLE IU.K.DEFINITIONS AND SCOPE
F1Article 1U.K.Definitions
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F1Article 2U.K.Scope
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F1Article 3U.K.Activities and bodies excluded
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F1TITLE IIU.K.THE TAKING UP OF THE BUSINESS OF LIFE ASSURANCE
F1Article 4U.K.Principle of authorisation
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F1Article 5U.K.Scope of authorisation
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F1Article 6U.K.Conditions for obtaining authorisation
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F1Article 7U.K.Scheme of operations
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F1Article 8U.K.Shareholders and members with qualifying holdings
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F1Article 9U.K.Refusal of authorisation
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F1Article 9aU.K.Prior consultation with the competent authorities of other Member States
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F1TITLE IIIU.K.CONDITIONS GOVERNING THE BUSINESS OF ASSURANCE
F1CHAPTER 1U.K.PRINCIPLES AND METHODS OF FINANCIAL SUPERVISION
F1Article 10U.K.Competent authorities and object of supervision
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F1Article 11U.K.Supervision of branches established in another Member State
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F1Article 12U.K.Prohibition on compulsory ceding of part of underwriting
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F1Article 13U.K.Accounting, prudential and statistical information: supervisory powers
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F1Article 14U.K.Transfer of portfolio
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F1Article 15U.K.Qualifying holdings
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F1Article 15aU.K.Assessment period
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F1Article 15bU.K.Assessment
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F1Article 15cU.K.Acquisitions by regulated financial undertakings
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F1Article 16U.K.Professional secrecy
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F1Article 17U.K.Duties of auditors
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F1Article 18U.K.Pursuit of life assurance and non-life insurance activities
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F1Article 19U.K.Separation of life assurance and non-life insurance management
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F1CHAPTER 2U.K.RULES RELATING TO TECHNICAL PROVISIONS AND THEIR REPRESENTATION
F1Article 20U.K.Establishment of technical provisions
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F1Article 21U.K.Premiums for new business
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F1Article 22U.K.Assets covering technical provisions
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F1Article 23U.K.Categories of authorised assets
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F1Article 24U.K.Rules for investment diversification
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F1Article 25U.K.Contracts linked to UCITS or share index
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F1Article 26U.K.Matching rules
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F1CHAPTER 3U.K.RULES RELATING TO THE SOLVENCY MARGIN AND TO THE GUARANTEE FUND
F1Article 27U.K.Available solvency margin
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F1Article 28U.K.Required solvency margin
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F1Article 28aU.K.Solvency margin for assurance undertakings conducting reinsurance activities
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F1Article 29U.K.Guarantee fund
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F1Article 30U.K.Review of the amount of the guarantee fund
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F1Article 31U.K.Assets not used to cover technical provisions
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F1CHAPTER 4U.K.CONTRACT LAW AND CONDITIONS OF ASSURANCE
F1Article 32U.K.Law applicable
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F1Article 33U.K.General good
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F1Article 34U.K.Rules relating to conditions of assurance and scales of premiums
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F1Article 35U.K.Cancellation period
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F1Article 36U.K.Information for policy holders
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F1CHAPTER 5U.K.ASSURANCE UNDERTAKINGS IN DIFFICULTY OR IN AN IRREGULAR SITUATION
F1Article 37U.K.Assurance undertakings in difficulty
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F1Article 38U.K.Financial recovery plan
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F1Article 39U.K.Withdrawal of authorisation
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F1TITLE IVU.K.PROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES
F1Article 40U.K.Conditions for branch establishment
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F1Article 41U.K.Freedom to provide services: prior notification to the home Member State
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F1Article 42U.K.Freedom to provide services: notification by the home Member State
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F1Article 43U.K.Freedom to provide services: changes in the nature of commitments
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F1Article 44U.K.Language
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F1Article 45U.K.Rules relating to conditions of assurance and scales of premiums
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F1Article 46U.K.Assurance undertakings not complying with the legal provisions
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F1Article 47U.K.Advertising
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F1Article 48U.K.Winding-up
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F1Article 49U.K.Statistical information on cross-border activities
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F1Article 50U.K.Taxes on premiums
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F1TITLE VU.K.RULES APPLICABLE TO AGENCIES OR BRANCHES ESTABLISHED WITHIN THE COMMUNITY AND BELONGING TO UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY
F1Article 51U.K.Principles and conditions of authorisation
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F1Article 52U.K.Rules applicable to branches of third-country undertakings
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F1Article 53U.K.Transfer of portfolio
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F1Article 54U.K.Technical provisions
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F1Article 55U.K.Solvency margin and guarantee fund
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F1Article 56U.K.Advantages to undertakings authorised in more than one Member State
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F1Article 57U.K.Agreements with third countries
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F1TITLE VIU.K.RULES APPLICABLE TO SUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND TO THE ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS
F1Article 58U.K.Information from Member States to the Commission
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F1Article 59U.K.Third-country treatment of Community assurance undertakings
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F1TITLE VIIU.K.TRANSITIONAL AND OTHER PROVISIONS
F1Article 60U.K.Derogations and abolition of restrictive measures
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F1Article 61U.K.Proof of good repute
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F1TITLE VIIIU.K.FINAL PROVISIONS
F1Article 62U.K.Cooperation between the Member States and the Commission
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F1Article 63U.K.Reports on the development of the market under the freedom to provide services
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F1Article 64U.K.Technical adjustment
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F1Article 65U.K.Committee procedure
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F1Article 66U.K.Rights acquired by existing branches and assurance undertakings
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F1Article 67U.K.Right to apply to the courts
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F1Article 68U.K.Review of amounts expressed in euro
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F1Article 69U.K.Implementation of new provisions
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F1Article 70U.K.Information to the Commission
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F1Article 71U.K.Transitional period for Articles 3(6), 27, 28, 29, 30 and 38
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F1Article 72U.K.Repealed directives and their correlation with this Directive
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F1Article 73U.K.Entry into force
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F1Article 74U.K.Addressees
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ANNEX I
Classes of assurance
F1I.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F1II.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F1III.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F1IV.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F1V.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F1VI.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F1VII.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F1VIII.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F1IX.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
ANNEX II
Matching rules
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ANNEX III
Information for policy holders
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1A.Before concluding the contractU.K.
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F1B.During the term of the contractU.K.
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ANNEX IV
F11.Professional secrecyU.K.
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F12.Activities and bodies excluded from this DirectiveU.K.
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F13.Until 1 January 2004, Member States shall apply the following provisions:U.K.
F1A.Solvency marginU.K.
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F1B.Minimum solvency marginU.K.
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F1C.Guarantee fundU.K.
F11.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F12.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
F13.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
ANNEX V
F1PART AU.K.Repealed Directives together with their successive amendments (referred to in Article 72)
Council Directive 79/267/EECU.K.
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Second Council Directive 90/619/EECU.K.
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Third Council Directive 92/96/EECU.K.
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1PART BU.K.Deadlines for implementation(Referred to in Article 72)
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ANNEX VI
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