(a) Subject to point (b), agencies and branches referred to in this Title may not simultaneously carry on in a Member State the activities referred to in the Annex to the first coordination Directive (non-life insurance) and those covered by this Directive.
(b) Subject to point (c), Member States may provide that agencies and branches referred to in this Title which at the time of notification of this Directive carry on both activities simultaneously in a Member State may continue to do so there provided that each activity is separately managed in accordance with Article 14.
(c) Any Member State which under Article 13(6)(a) and (b) requires undertakings established in its territory to cease the simultaneous pursuit of the activities in which they are engaged at the time of notification of this Directive must also impose this requirement on agencies and branches referred to in this Title which are established in its territory and simultaneously carry on both activities there.