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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
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Article 18 Pursuit of life assurance and non-life insurance activities

Repealed from 1 January 2016

1. Without prejudice to paragraphs 3 and 7, no undertaking may be authorised both pursuant to this Directive and pursuant to Directive 73/239/EEC.

2. By way of derogation from paragraph 1, Member States may provide that:

- undertakings authorised pursuant to this Directive may also obtain authorisation, in accordance with Article 6 of Directive 73/239/EEC for the risks listed in classes 1 and 2 in the Annex to that Directive,

- undertakings authorised pursuant to Article 6 of Directive 73/239/EEC solely for the risks listed in classes 1 and 2 in the Annex to that Directive may obtain authorisation pursuant to this Directive.

3. Subject to paragraph 6, undertakings referred to in paragraph 2 and those which on:

- 1 January 1981 for undertakings authorised in Greece,

- 1 January 1986 for undertakings authorised in Spain and Portugal,

- 1 January 1995 for undertakings authorised in Austria, Finland and Sweden,

- 1 May 2004 for undertakings authorised in the Czech Republic, Estonia,

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