several branches (collective designations)
If the authorisation simultaneously covers "Accidents and Sickness"; b) the branches 1 (fourth dash), 3, 7 and 10, it is granted under the designation "Motor vehicle insurance"; c) the branches 1 (fourth dash), 4, 6, 7 and 12, it is granted under the designation " Sea and Transport Insurance "; d) the branches 1 (fourth dash), 5, 7 and 11, it is granted under the designation "Aircraft insurance "; e) the branches 8 and 9, it is granted under the designation "Fire and other Property Damage"; f) the branches 10, 11, 12 and 13, it is granted under the designation "Third-Party Liability"; g) the branches 14 and 15, it is granted under the designation "Credit and Security Bond". Appendix 2 Division
of the Risks in Life Insurance according to
1. Life insurance
2. Marriage insurance, birth insurance 3. Share or unit-linked life insurance 4. Health insurance (including insurance against invalidity) 5. Tontine insurance 6. Capitalisation transactions
a) The risks classified under branches 4, 5, 6, 7, 11 and 12 of Appendix 1; b) the risks classified under branches 14 and 15 of Appendix 1 when the policy holder pursues gainful employment in the industrial or trade sector or a self-employed activity and the risk is related thereto; c) the risks classified under branches 3, 8, 9, 10, 13 and 16 of Appendix 1 if the policy holder exceeds the upper limits in the case of at least two of the three following criteria Sum balance sheet sum: 6.2 million ECU Sum net turnover: 12.8 million ECU business year: 250-
If the policy holder is a member of a group of companies for which a consolidated balance sheet is prepared, the above-mentioned criteria shall be applied to the consolidated balance sheet. |
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© 2001 Kurt
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