Second Life Insurance Directive

E554128

The Second Life Insurance Directive was a European Union legislative framework that previously governed life insurance regulation before being superseded by the more comprehensive Solvency II regime.

All labels observed (1)

Label Occurrences
Second Life Insurance Directive canonical 3

How this entity was disambiguated

Statements (43)

Predicate Object
instanceOf EU insurance law instrument ⓘ
European Union directive ⓘ
affects cross‑border provision of life insurance services within the EU ⓘ
life insurance companies operating in the EU ⓘ
aimsToEnsure financial soundness of life insurance undertakings ⓘ
stability of the EU insurance market ⓘ
appliesTo life insurance undertakings established in EU Member States ⓘ
basedOnPrinciple home country control ⓘ
minimum harmonisation ⓘ
single licence for cross‑border services within the EU ⓘ
characterizedAs pre‑Solvency II life insurance regulatory framework ⓘ
geographicalScope European Union Member States ⓘ
historicalRole foundation for later risk‑based solvency reforms in the EU ⓘ
implementedBy national legislation of EU Member States ⓘ
legalDomain financial services regulation ⓘ
insurance regulation ⓘ
objective establishment of common prudential standards for life insurers ⓘ
harmonisation of life insurance regulation in the EU ⓘ
protection of policyholders and beneficiaries ⓘ
partOf European Union insurance regulatory framework ⓘ
policyArea consumer protection in financial services ⓘ
internal market ⓘ
precedes Solvency II Directive ⓘ
regulates life insurance sector in the European Union ⓘ
relevance provides historical context for the development of Solvency II ⓘ
replacedBy risk‑based Solvency II regime ⓘ
requires authorization of life insurers by competent home supervisory authority ⓘ
establishment of technical provisions to cover insurance liabilities ⓘ
investment of assets in a prudent manner ⓘ
maintenance of adequate solvency margins ⓘ
scope authorization of life insurance undertakings ⓘ
information duties towards policyholders ⓘ
investment rules for assets covering technical provisions ⓘ
prudential supervision of life insurance undertakings ⓘ
solvency requirements for life insurance undertakings ⓘ
technical provisions for life insurance contracts ⓘ
setsOut conditions for operating life insurance business in the EU ⓘ
rules on supervision of branches and cross‑border activities ⓘ
supersededBy Solvency II Directive ⓘ
typeOfInsuranceCovered annuities ⓘ
endowment policies ⓘ
life assurance ⓘ
other long‑term savings‑related insurance products ⓘ

How these facts were elicited

Referenced by (3)

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

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