First Life Insurance Directive

E554127

The First Life Insurance Directive was an early European Community legislative act that established foundational rules for the regulation and supervision of life insurance business across member states.

All labels observed (1)

Label Occurrences
First Life Insurance Directive canonical 2

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf EU life insurance directive ⓘ
aimsAt approximation of national provisions governing life insurance ⓘ
removing obstacles to the freedom of establishment of life insurers ⓘ
appliesTo Member States of the European Economic Community ⓘ
basedOn Treaty provisions on freedom of establishment ⓘ
concerns licensing conditions for life insurance undertakings ⓘ
life assurance contracts ⓘ
scope of activities that may be carried out by authorised life insurers ⓘ
supervision of life insurance undertakings by national authorities ⓘ
supervisory powers of national authorities over life insurers ⓘ
establishes foundational rules for supervision of life insurance undertakings ⓘ
minimum standards for authorisation of life insurance undertakings ⓘ
rules on solvency margins for life insurers ⓘ
rules on technical provisions for life insurers ⓘ
rules on the activities of life insurance undertakings ⓘ
field EU internal market law ⓘ
financial services regulation ⓘ
insurance law ⓘ
hasLegalEffect harmonised minimum prudential standards for life insurers in the EEC ⓘ
hasObjective ensure adequate protection of insured persons and beneficiaries ⓘ
ensure financial soundness of life insurance undertakings ⓘ
hasPurpose coordination of laws relating to life assurance ⓘ
facilitation of the freedom of establishment for life insurers ⓘ
harmonisation of life insurance regulation in the European Community ⓘ
protection of policyholders in life insurance ⓘ
imposesObligationsOn life insurance undertakings established in Member States ⓘ
national supervisory authorities for life insurance ⓘ
influenced later EU solvency and insurance supervision regimes ⓘ
inForceIn Member States of the European Economic Community after its transposition ⓘ
introducesConcept home-country control in life insurance supervision ⓘ
jurisdiction European Economic Community ⓘ
European Union legal order ⓘ
language all official languages of the European Economic Community ⓘ
partOf EU insurance directives framework ⓘ
regulates life insurance business ⓘ
relatedTo First Non-Life Insurance Directive ⓘ
Second Life Insurance Directive ⓘ
Third Life Insurance Directive ⓘ
requires Member States to adapt national life insurance legislation ⓘ
authorisation of life insurance undertakings by the home Member State ⓘ
ongoing prudential supervision of life insurers ⓘ
sector life insurance ⓘ
targets cross-border provision of life insurance services within the Community ⓘ
typeOfRegulation minimum harmonisation measure ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Solvency II Directive → replaces → First Life Insurance Directive ⓘ
Directive 2009/138/EC → repeals → First Life Insurance Directive ⓘ