European insurance undertaking definition

European insurance undertaking means an undertaking having its head office in a Member State or an EEA State, other than Malta, pursuing the activity of direct insurance within the meaning of Article 2 of the Solvency II Directive, which has received authorisation in accordance with Article 14 of the Solvency II Directive;
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European insurance undertaking means an undertaking having its head office in a Member State or an EEA State, other than Malta, pursuing the activity of direct insurance within the meaning of article 1 of First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, regulations and administrative
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European insurance undertaking means an undertaking having its head office in a Member State or an EEA State, other than Malta, pursuing the activity of direct insurance within the meaning of article 2 of Directive 2002/83/EC or article 1 of Directive 73/239/EEC which has received authorisation under article 4 or article 6 respectively;
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Examples of European insurance undertaking in a sentence

  • Where the European regulatory authority does not object to the proposed changes, it shall communicate the information to the competent authority as soon as possible and in any event not later than one month after it has received the information from the European insurance undertaking.

  • When the competent authority receives a consent notice from the European regulatory authority of a European insurance undertaking, it will acknowledge receipt immediately after the notice is received.

  • The latter officer is to be appointed only where a European insurance undertaking is seeking to carry on long term business in Malta.

  • The Chapter lays down the establishment conditions which a European insurance undertaking and a European reinsurance undertaking seeking to establish a branch in Malta in exercise of a European right is required to submit, as well as the service conditions which a European insurance undertaking seeking to provide services in exercise of a European right is required to submit.

  • This Chapter applies to a European insurance undertaking and a European reinsurance undertaking seeking to establish a branch in Malta in exercise of a European right and a European insurance undertaking seeking to provide services in Malta in exercise of a European right.

  • The particulars and information with regards to the business of insurance carried on by the European insurance undertaking through a branch in Malta required to be submitted by this Chapter shall be provided in the English language.

  • Where the competent authority has doubts as to the precise conditions under which the activity of the European insurance undertaking is to be pursued, it may ask the European regulatory authority to submit any relevant information concerning the specific resources which the undertaking proposes to use in marketing its products in Malta.

  • The notification by the European insurance undertaking shall also state whether that person’s resignation has any regulatory implications or whether there are any other matters which the undertaking may wish to bring to the attention of the competent authority in relation to that event.

  • The particulars and information required to be submitted with regards to the services provided in Malta by the European insurance undertaking shall be provided to the competent authority in the English language.

  • The European insurance undertaking is required to give notice to its European regulatory authority stating the details of the proposed change.


More Definitions of European insurance undertaking

European insurance undertaking means an undertaking having its head office in a Member State or an EEA State, other than Malta and includes Lloyd’s,
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European insurance undertaking means an undertaking having its head office in a Member State or an EEA State, other than Malta, pursuing the activity of direct insurance within the meaning
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Related to European insurance undertaking

  • insurance undertaking means insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1);

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • public undertaking means any undertaking over which the public sector bodies may exercise directly or indirectly a dominant influence by virtue of their ownership of it, their financial participation therein, or the rules which govern it; for the purpose of this definition, a dominant influence on the part of the public sector bodies shall be presumed in any of the following cases in which those bodies, directly or indirectly:

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Reimbursement insurance policy means a policy of insurance

  • group undertaking means the Company or another undertaking in the group;

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Excess Insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent and the Hermes Agent and agreed on the signing hereof and as specified in paragraph 42 of Schedule 4;

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Insurance Agreement means the insurance and indemnity agreement identified in the Adoption Annex.

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • First party insurance means an insurance policy or contract in which the insurer

  • Credit unemployment insurance means insurance: