Member States shall abolish, in respect of the natural persons and undertakings covered by Title I of the General Programme for the abolition of restrictions on freedom of establishment, hereinafter called 'beneficiaries', the restrictions referred to in Title III of this programme affecting the right to take up and pursue self-employed activities in the classes of insurance specified in Article 1 of the first Coordination Directive.
By 'First Coordination Directive' is meant the first Council Directive of 24 July 1973 on coordination of the laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance.
However, as regards credit-insurance for exports, these restrictions shall be maintained until the coordination programme laid down in Article 2(2)(d), of the first Coordination Directive has been carried out.