
DIRECTIVE 2002/83/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 5 November 2002 concerning life assurance 

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TITLE I
DEFINITIONS AND SCOPE
Definitions
Article 1 
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Scope
Article 2 
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Activities and bodies excluded
Article 3 
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TITLE II
THE TAKING UP OF THE BUSINESS OF LIFE ASSURANCE
Principle of authorisation
Article 4 
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Scope of authorisation
Article 5 
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Conditions for obtaining authorisation
Article 6 
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Scheme of operations
Article 7 
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Shareholders and members with qualifying holdings
Article 8 
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Refusal of authorisation
Article 9 
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Prior consultation with the competent authorities of other Member States
Article 9a 
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TITLE III
CONDITIONS GOVERNING THE BUSINESS OF ASSURANCE
CHAPTER 1
PRINCIPLES AND METHODS OF FINANCIAL SUPERVISION
Competent authorities and object of supervision
Article 10 
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Supervision of branches established in another Member State
Article 11 
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Prohibition on compulsory ceding of part of underwriting
Article 12 
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Accounting, prudential and statistical information: supervisory powers
Article 13 
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Transfer of portfolio
Article 14 
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Qualifying holdings
Article 15 
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Assessment period
Article 15a 
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Assessment
Article 15b 
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Acquisitions by regulated financial undertakings
Article 15c 
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Professional secrecy
Article 16 
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Duties of auditors
Article 17 
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Pursuit of life assurance and non-life insurance activities
Article 18 
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Separation of life assurance and non-life insurance management
Article 19 
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CHAPTER 2
RULES RELATING TO TECHNICAL PROVISIONS AND THEIR REPRESENTATION
Establishment of technical provisions
Article 20 
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Premiums for new business
Article 21 
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Assets covering technical provisions
Article 22 
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Categories of authorised assets
Article 23 
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Rules for investment diversification
Article 24 
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Contracts linked to UCITS or share index
Article 25 
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Matching rules
Article 26 
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CHAPTER 3
RULES RELATING TO THE SOLVENCY MARGIN AND TO THE GUARANTEE FUND
Available solvency margin
Article 27 
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Required solvency margin
Article 28 
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Solvency margin for assurance undertakings conducting reinsurance activities
Article 28a 
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Guarantee fund
Article 29 
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Review of the amount of the guarantee fund
Article 30 
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Assets not used to cover technical provisions
Article 31 
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CHAPTER 4
CONTRACT LAW AND CONDITIONS OF ASSURANCE
Law applicable
Article 32 
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General good
Article 33 
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Rules relating to conditions of assurance and scales of premiums
Article 34 
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Cancellation period
Article 35 
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Information for policy holders
Article 36 
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CHAPTER 5
ASSURANCE UNDERTAKINGS IN DIFFICULTY OR IN AN IRREGULAR SITUATION
Assurance undertakings in difficulty
Article 37 
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Financial recovery plan
Article 38 
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Withdrawal of authorisation
Article 39 
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TITLE IV
PROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES
Conditions for branch establishment
Article 40 
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Freedom to provide services: prior notification to the home Member State
Article 41 
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Freedom to provide services: notification by the home Member State
Article 42 
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Freedom to provide services: changes in the nature of commitments
Article 43 
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Language
Article 44 
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Rules relating to conditions of assurance and scales of premiums
Article 45 
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Assurance undertakings not complying with the legal provisions
Article 46 
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Advertising
Article 47 
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Winding-up
Article 48 
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Statistical information on cross-border activities
Article 49 
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Taxes on premiums
Article 50 
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TITLE V
RULES APPLICABLE TO AGENCIES OR BRANCHES ESTABLISHED WITHIN THE COMMUNITY AND BELONGING TO UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY
Principles and conditions of authorisation
Article 51 
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Rules applicable to branches of third-country undertakings
Article 52 
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Transfer of portfolio
Article 53 
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Technical provisions
Article 54 
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Solvency margin and guarantee fund
Article 55 
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Advantages to undertakings authorised in more than one Member State
Article 56 
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Agreements with third countries
Article 57 
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TITLE VI
RULES APPLICABLE TO SUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND TO THE ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS
Information from Member States to the Commission
Article 58 
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Third-country treatment of Community assurance undertakings
Article 59 
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TITLE VII
TRANSITIONAL AND OTHER PROVISIONS
Derogations and abolition of restrictive measures
Article 60 
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Proof of good repute
Article 61 
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TITLE VIII
FINAL PROVISIONS
Cooperation between the Member States and the Commission
Article 62 
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Reports on the development of the market under the freedom to provide services
Article 63 
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Technical adjustment
Article 64 
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Committee procedure
Article 65 
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Rights acquired by existing branches and assurance undertakings
Article 66 
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Right to apply to the courts
Article 67 
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Review of amounts expressed in euro
Article 68 
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Implementation of new provisions
Article 69 
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Information to the Commission
Article 70 
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Transitional period for Articles 3(6), 27, 28, 29, 30 and 38
Article 71 
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Repealed directives and their correlation with this Directive
Article 72 
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Entry into force
Article 73 
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Addressees
Article 74 
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ANNEX I Classes of assurance 
I. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

II. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

III. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

IV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

V. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

VI. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

VII. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

VIII. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

IX. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ANNEX II Matching rules 
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ANNEX III Information for policy holders 
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A. Before concluding the contract 

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B. During the term of the contract 

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ANNEX IV 
1. Professional secrecy 

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2. Activities and bodies excluded from this Directive 

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3. Until 1 January 2004, Member States shall apply the following provisions: 
 A. Solvency margin 

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 B. Minimum solvency margin 

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 C. Guarantee fund 
 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ANNEX V 
PART A Repealed Directives together with their successive amendments (referred to in Article 72) 
Council Directive 79/267/EEC 

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Second Council Directive 90/619/EEC 

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Third Council Directive 92/96/EEC 

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PART B Deadlines for implementation 
(Referred to in Article 72) 

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ANNEX VI 