Solvency II
EU prudential regime for insurance and reinsurance undertakings.
Sectors
Articles (318)
Article 155 — Insurance undertakings not complying with the legal provisionsArticle 156 — AdvertisingArticle 157 — Taxes on premiumsArticle 158 — Reinsurance undertakings not complying with the legal provisionsArticle 159 — Statistical information on cross-border activitiesArticle 160 — Winding-up of insurance undertakingsArticle 161 — Winding-up of reinsurance undertakingsArticle 162 — Principle of authorisation and conditionsArticle 163 — Scheme of operations of the branchArticle 164 — Transfer of portfolioArticle 165 — Technical provisionsArticle 166 — Solvency Capital Requirement and Minimum Capital RequirementArticle 167 — Advantages to undertakings authorised in more than one Member StateArticle 168 — Accounting, prudential and statistical information and undertakings in difficultyArticle 169 — Separation of non-life and life businessArticle 170 — Withdrawal of authorisation for undertakings authorised in more than one Member StateArticle 171 — Agreements with third countriesArticle 172 — EquivalenceArticle 173 — Prohibition of pledging of assetsArticle 174 — Principle and conditions for conducting reinsurance activityArticle 175 — Agreements with third countriesArticle 176 — Information from Member States to the CommissionArticle 177 — Third-country treatment of Community insurance and reinsurance undertakingsArticle 178 — Applicable LawArticle 179 — Related obligationsArticle 180 — General goodArticle 181 — Non-life insuranceArticle 182 — Life insuranceArticle 183 — General Information for policy holdersArticle 184 — Additional information in the case of non-life insurance offered under the right of establishment or the freedom to provide servicesArticle 185 — Information for policy holdersArticle 186 — Cancellation periodArticle 187 — Policy ConditionsArticle 188 — Abolition of monopoliesArticle 189 — Participation in national guarantee schemesArticle 190 — Community co-insurance operationsArticle 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 implementationArticle 197 — Activities similar to tourist assistanceArticle 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 insuranceArticle 206 — Health insurance as an alternative to social securityArticle 207 — Compulsory insurance against accidents at workArticle 208 — Prohibition on compulsory ceding of part of underwritingArticle 209 — Premiums for new businessArticle 210 — Finite reinsuranceArticle 211 — Special purpose vehiclesArticle 212 — DefinitionsArticle 213 — Cases of application of group supervisionArticle 214 — Scope of group supervisionArticle 215 — Ultimate parent undertaking at Community levelArticle 216 — Ultimate parent undertaking at national levelArticle 217 — Parent undertaking covering several Member StatesArticle 218 — Supervision of group solvencyArticle 219 — Frequency of calculationArticle 220 — Choice of methodArticle 221 — Inclusion of proportional shareArticle 222 — Elimination of double use of eligible own fundsArticle 223 — Elimination of the intra-group creation of capitalArticle 224 — ValuationArticle 225 — Related insurance and reinsurance undertakingsArticle 226 — Intermediate insurance holding companiesArticle 227 — Related third-country insurance and reinsurance undertakingsArticle 228 — Related credit institutions, investment firms and financial institutionsArticle 229 — Non-availability of the necessary informationArticle 230 — Method 1 (Default method): Accounting consolidation-based methodArticle 231 — Group internal modelArticle 232 — Group capital add-onArticle 233 — Method 2 (Alternative method): Deduction and aggregation methodArticle 234 — Implementing measuresArticle 235 — Group solvency of an insurance holding companyArticle 236 — Subsidiaries of an insurance or reinsurance undertaking: conditionsArticle 237 — Subsidiaries of an insurance or reinsurance undertaking: decision on the applicationArticle 238 — Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital RequirementArticle 239 — Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital RequirementsArticle 240 — Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiaryArticle 241 — Subsidiaries of an insurance or reinsurance undertaking: implementing measuresArticle 242 — ReviewArticle 243 — Subsidiaries of an insurance holding companyArticle 244 — Supervision of risk concentrationArticle 245 — Supervision of intra-group transactionsArticle 246 — Supervision of the system of governanceArticle 247 — Group SupervisorArticle 248 — Rights and duties of the group supervisor and the other supervisors College of supervisorsArticle 249 — Cooperation and exchange of information between supervisory authoritiesArticle 250 — Consultation between supervisory authoritiesArticle 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 informationArticle 255 — Verification of informationArticle 256 — Group solvency and financial condition reportArticle 1 — Subject matterArticle 257 — Administrative, management or supervisory body of insurance holding companiesArticle 2 — ScopeArticle 258 — Enforcement measuresArticle 3 — Statutory systemsArticle 259 — Reporting of CEIOPSArticle 4 — Exclusion from scope due to sizeArticle 260 — Parent undertakings outside the Community: verification of equivalenceArticle 5 — OperationsArticle 261 — Parent undertakings outside the Community: equivalenceArticle 6 — AssistanceArticle 262 — Parent undertakings outside the Community: absence of equivalenceArticle 7 — Mutual undertakingsArticle 263 — Parent undertakings outside the Community: levelsArticle 8 — InstitutionsArticle 264 — Cooperation with third-country supervisory authoritiesArticle 9 — Operations and activitiesArticle 265 — Intra-group transactionsArticle 10 — Organisations, undertakings and institutionsArticle 266 — Cooperation with third countriesArticle 11 — ReinsuranceArticle 267 — Scope of this TitleArticle 12 — Reinsurance undertakings closing their activityArticle 268 — DefinitionsArticle 13 — DefinitionsArticle 269 — Adoption of reorganisation measures applicable lawArticle 14 — Principle of authorisationArticle 270 — Information to the supervisory authoritiesArticle 15 — Scope of authorisationArticle 271 — Publication of decisions on reorganisation measuresArticle 16 — Ancillary risksArticle 272 — Information to known creditors right to lodge claimsArticle 17 — Legal form of the insurance or reinsurance undertakingArticle 273 — Opening of winding-up proceedings information to the supervisory authoritiesArticle 18 — Conditions for authorisationArticle 274 — Applicable lawArticle 19 — Close linksArticle 275 — Treatment of insurance claimsArticle 20 — Head office of insurance undertakings and reinsurance undertakingsArticle 276 — Special registerArticle 21 — Policy conditions and scales of premiumsArticle 277 — Subrogation to a guarantee schemeArticle 22 — Economic requirements of the marketArticle 278 — Representation of preferential claims by assetsArticle 23 — Scheme of operationsArticle 279 — Withdrawal of the authorisationArticle 24 — Shareholders and members with qualifying holdingsArticle 280 — Publication of decisions on winding-up proceedingsArticle 25 — Refusal of authorisationArticle 281 — Information to known creditorsArticle 26 — Prior consultation of the authorities of other Member StatesArticle 282 — Right to lodge claimsArticle 27 — Main objective of supervisionArticle 283 — Languages and formArticle 28 — Financial stability and pro-cyclicalityArticle 284 — Regular information to the creditorsArticle 29 — General principles of supervisionArticle 285 — Effects on certain contracts and rightsArticle 30 — Supervisory authorities and scope of supervisionArticle 286 — Rights in rem of third partiesArticle 31 — Transparency and accountabilityArticle 287 — Reservation of titleArticle 32 — Prohibition of refusal of reinsurance contracts or retrocession contractsArticle 288 — Set-offArticle 33 — Supervision of branches established in another Member StateArticle 289 — Regulated marketsArticle 34 — General supervisory powersArticle 290 — Detrimental actsArticle 35 — Information to be provided for supervisory purposesArticle 291 — Protection of third-party purchasersArticle 36 — Supervisory review processArticle 292 — Lawsuits pendingArticle 37 — Capital add-onArticle 293 — Administrators and liquidatorsArticle 38 — Supervision of outsourced functions and activitiesArticle 294 — Registration in a public registerArticle 39 — Transfer of portfolioArticle 295 — Professional secrecyArticle 40 — Responsibility of the administrative, management or supervisory bodyArticle 296 — Treatment of branches of third-country insurance undertakingsArticle 41 — General governance requirementsArticle 297 — Right to apply to the courtsArticle 42 — Fit and proper requirements for persons who effectively run the undertaking or have other key functionsArticle 298 — Cooperation between the Member States and the CommissionArticle 43 — Proof of good reputeArticle 299 — EuroArticle 44 — Risk managementArticle 300 — Revision of amounts expressed in euroArticle 45 — Own risk and solvency assessmentArticle 301 — Committee procedureArticle 46 — Internal controlArticle 302 — Notifications submitted prior to entry into force of the laws, regulations and administrative provisions necessary to comply with Articles 57 to 63Article 47 — Internal auditArticle 303 — Amendments to Directive 2003/41/ECArticle 48 — Actuarial functionArticle 17a — Available solvency marginArticle 49 — OutsourcingArticle 17b — Required solvency marginArticle 50 — Implementing measuresArticle 17c — Guarantee fundArticle 51 — Report on solvency and financial condition: contentsArticle 17d — Required solvency margin for the purpose of Article 17b(3)Article 52 — Information for and reports by CEIOPSArticle 21a — Review of the amount of the guarantee fundArticle 53 — Report on solvency and financial condition: applicable principlesArticle 21b — Committee procedureArticle 54 — Report on solvency and financial condition: updates and additional voluntary informationArticle 304 — Duration-based equity risk sub-moduleArticle 55 — Report on solvency and financial condition: policy and approvalArticle 305 — Derogations and abolition of restrictive measuresArticle 56 — Solvency and financial condition report: implementing measuresArticle 306 — Rights acquired by existing branches and insurance undertakingsArticle 57 — AcquisitionsArticle 307 — Transitional period for Articles 57(3) and 60(6) of Directive 2005/68/ECArticle 58 — Assessment periodArticle 308 — Right acquired by existing reinsurance undertakingsArticle 59 — AssessmentArticle 309 — TranspositionArticle 60 — Acquisitions by regulated financial undertakingsArticle 310 — RepealArticle 61 — Information to the supervisory authority by the insurance or reinsurance undertakingArticle 311 — Entry into forceArticle 62 — Qualifying holdings, powers of the supervisory authorityArticle 312 — AddresseesArticle 63 — Voting rightsArticle 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 convergenceArticle 72 — Duties of auditorsArticle 73 — Pursuit of life and non-life insurance activityArticle 74 — Separation of life and non-life insurance managementArticle 75 — Valuation of assets and liabilitiesArticle 76 — General provisionsArticle 77 — Calculation of technical provisionsArticle 78 — Other elements to be taken into account in the calculation of technical provisionsArticle 79 — Valuation of financial guarantees and contractual options included in insurance and reinsurance contractsArticle 80 — SegmentationArticle 81 — Recoverables from reinsurance contracts and special purpose vehiclesArticle 82 — Data quality and application of approximations, including case-by-case approaches, for technical provisionsArticle 83 — Comparison against experienceArticle 84 — Appropriateness of the level of technical provisionsArticle 85 — Increase of technical provisionsArticle 86 — Implementing measuresArticle 87 — Own fundsArticle 88 — Basic own fundsArticle 89 — Ancillary own fundsArticle 90 — Supervisory approval of ancillary own fundsArticle 91 — Surplus fundsArticle 92 — Implementing measuresArticle 93 — Characteristics and features used to classify own funds into tiersArticle 94 — Main criteria for the classification into tiersArticle 95 — Classification of own funds into tiersArticle 96 — Classification of specific insurance own-fund itemsArticle 97 — Implementing measuresArticle 98 — Eligibility and limits applicable to Tiers 1, 2 and 3Article 99 — Implementing measuresArticle 100 — General provisionsArticle 101 — Calculation of the Solvency Capital RequirementArticle 102 — Frequency of calculationArticle 103 — Structure of the standard formulaArticle 104 — Design of the Basic Solvency Capital RequirementArticle 105 — Calculation of the Basic Solvency Capital RequirementArticle 106 — Calculation of the equity risk sub-module: symmetric adjustment mechanismArticle 107 — Capital requirement for operational riskArticle 108 — Adjustment for the loss-absorbing capacity of technical provisions and deferred taxesArticle 109 — Simplifications in the standard formulaArticle 110 — Significant deviations from the assumptions underlying the standard formula calculationArticle 111 — Implementing measuresArticle 112 — General provisions for the approval of full and partial internal modelsArticle 113 — Specific provisions for the approval of partial internal modelsArticle 114 — Implementing measuresArticle 115 — Policy for changing the full and partial internal modelsArticle 116 — Responsibilities of the administrative, management or supervisory bodiesArticle 117 — Reversion to the standard formulaArticle 118 — Non-compliance of the internal modelArticle 119 — Significant deviations from the assumptions underlying the standard formula calculationArticle 120 — Use testArticle 121 — Statistical quality standardsArticle 122 — Calibration standardsArticle 123 — Profit and loss attributionArticle 124 — Validation standardsArticle 125 — Documentation standardsArticle 126 — External models and dataArticle 127 — Implementing measuresArticle 128 — General provisionsArticle 129 — Calculation of the Minimum Capital RequirementArticle 130 — Implementing measuresArticle 131 — Transitional arrangements regarding compliance with the Minimum Capital RequirementArticle 132 — Prudent person principleArticle 133 — Freedom of investmentArticle 134 — Localisation of assets and prohibition of pledging of assetsArticle 135 — Implementing measuresArticle 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 RequirementArticle 139 — Non-Compliance with the Minimum Capital RequirementArticle 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 measuresArticle 144 — Withdrawal of authorisationArticle 145 — Conditions for branch establishmentArticle 146 — Communication of informationArticle 147 — Prior notification to the home Member StateArticle 148 — Notification by the home Member StateArticle 149 — Changes in the nature of the risks or commitmentsArticle 150 — Compulsory insurance on third party motor vehicle liabilityArticle 151 — Non-discrimination of persons pursuing claimsArticle 152 — RepresentativeArticle 153 — LanguageArticle 154 — Prior notification and prior approval