Member State of the commitment definition

Member State of the commitment means the Member State in which either of the following is situated:

Member State of the commitment means means the Member State ⌫ in which any of the following is situated ⌧⇨ as of the date of conclusion of the life insurance contract: ⇦

Member State of the commitment means the Member State where the policy holder has his/her habitual residence or, if the policy holder is a legal person, the Member State where the latter's establishment, to which the contract relates, is situated;

Examples of Member State of the commitment in a sentence

• A transfer authorised in accordance with this Article shall be published as laid down by national law in the Member State of the commitment.

• The Member State of the commitment or the Member State in which the risk is situated should therefore ensure that there is nothing to prevent the marketing within its territory of all the insurance products offered for sale in the Community as long as they do not conflict with the legal provisions protecting the general good in force in that Member State and in so far as the general good is not safeguarded by the rules of the home Member State.

• If the competent authorities of the Member State of the commitment have reason to consider that the activities of an assurance undertaking might affect its financial soundness, they shall inform the competent authorities of the undertaking's home Member State.

• In turn, the operators are unclear in what City Department or program is responsible for various areas of their facility operations and who should be contacted when issues arise.

• The law applicable to contracts relating to the activities referred to in this Directive shall be the law of the Member State of the commitment.

• The Member State of the commitment may require assurance undertakings to furnish information in addition to that listed in Annex III only if it is necessary for a proper understanding by the policy holder of the essential elements of the commitment.

• Provision should be made for a system of sanctions to be imposed when, in the Member State in which the risk is situated or the Member State of the commitment, an insurance undertaking does not comply with any applicable provisions protecting the general good.

• If the supervisory authorities of the Member State in which the risk is situated or the Member State of the commitment or, in case of a reinsurance undertaking, the supervisory authorities of the host Member State, have reason to consider that the activities of an insurance or reinsurance undertaking might affect its financial soundness, they shall inform the supervisory authorities of the home Member State of that undertaking.

• A transfer authorized in accordance with this Article shall be published as laid down by national law in the Member State of the commitment.

• The Member State in which the risk is situated or the Member State of the commitment should therefore ensure that there is nothing to prevent the marketing within its territory of all the insurance products offered for sale in the Community as long as they do not conflict with the legal provisions protecting the general good in force in that Member State and in so far as the general good is not safeguarded by the rules of the home Member State.

More Definitions of Member State of the commitment

Member State of the commitment means the Member State in which either of the following is located: the habitual residence of a life-insurance policyholder or, if the policyholder is a legal person, that policyholder’s establishment to which the contract relates;

Member State of the commitment means the Member State

Member State of the commitment means the Member State:

Member State of the commitment means a Member State in which a person which has concluded an insurance contract within life assurance has its habitual residence or a registered office in the case that the policyholder is a legal entity, a Member State in which the person has its business premises that are covered by the insurance contract, or if the concerned insurance contract is an insurance contract within non-life insurance it shall mean a Member State

Member State of the commitment means the Member State in which either of the following is situated: (a) the habitual residence of the policy holder;(b) if the policy holder is a legal person, that policy holder’s establishment, to which the contract relates”

Member State of the commitment means the Member State in which