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To give the reporting to the authorities of any country-participant. In the countries, where
The companies carry out the activity, they should submit to the national
To regulating requirements.
The second co-ordinating instruction on life insurance (1990it.) concerned
Freedom of granting of corresponding services within European
Communities. Authorities of the countries-participants should have all necessary
Powers on gathering of the information on insurers and to take necessary measures in
Cases of occurrence of problems. Supervision realisation is included into powers
The countries-participants in which territory the insurer is registered. If
The insurer has not demanded any additions and has voluntary concluded the contract
Insurance with the insurer registered in territory another
The countries-participants then powers of supervision are in state hands
The insurer. The reciprocity principle operates: regulation of insurers,
EU operating in territory, but based out of Community, can in
Some moments to depend on the access mechanism on the market for insurers
EU on the market of that country in which the insurer is registered.
The third co-ordinating instruction on life insurance (1992it.) has finished
Creation of the uniform market of life insurance within the limits of EU. It provided
Condition according to which the company on life insurance, being
It is registered in the state, can use the given out permission
(Licence) in any country-participant. The countries have the right to apply a number
Own regulating measures, considerable restrictions however are entered on
Freedom of such regulation. For example, supervision of financial stability
Entirely it lies on country of origin of the insurer and the power, which
It is subordinated, should be notified in each case on intention of the insurer
To expand the activity in territory of other country-participant.
The regulating body of the national state, however, can interfere, if
There are bases to believe that the insurer of other country-participant breaks
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