Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 6 January 2010 - onwards
  Version 2 of 2    

Article 10 Organisations, undertakings and institutions

In regard to life insurance, this Directive shall not apply to the following organisations, undertakings and institutions:

(1) organisations which undertake to provide benefits solely in the event of death, where the amount of such benefits does not exceed the average funeral costs for a single death or where the benefits are provided in kind;

(2) the "Versorgungsverband deutscher Wirtschaftsorganisationen" in Germany, unless its statutes are amended as regards the scope of its capacity;

(3) the "Consorcio de CompensaciĆ³n de Seguros" in Spain, unless its statutes are amended as regards the scope of its activities or capacity.