1. Authorization shall be valid for the entire Community. It shall permit an undertaking to carry on business there, under either the right of establishment or freedom to provide services.
2. Authorization shall be granted for a particular class of assurance as listed in the Annex. It shall cover the entire class, unless the applicant wishes to cover only some of the risks pertaining to that class.
The competent authorities may restrict authorization requested for one of the classes to the operations set out in the scheme of operations referred to in Article 9.
Each Member State may grant authorization for two or more of the classes, where its national laws permit such classes to be carried on simultaneously.