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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2006 - onwards
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Regulation 18 Consequences of cancellation of authorisation of reinsurance undertaking

(1) A reinsurance undertaking whose authorisation is cancelled under this Part ceases to be entitled to carry on reinsurance business in the State and in every other Member State.

(2) A reinsurance undertaking whose authorisation is cancelled under this Part as regards a particular kind of reinsurance business ceases to be entitled to carry on that kind of reinsurance business in the State and in every other Member State.

(3) If the authorisation of a reinsurance undertaking established in another Member State is cancelled in accordance with a corresponding law of that other Member State, the undertaking ceases to be entitled to carry on reinsurance business in the State.

(4) If the authorisation of a reinsurance undertaking established in another Member State is cancelled in accordance with a corresponding law of that other Member State as regards a particular kind of reinsurance business, the undertaking ceases to be entitled to carry on that kind of reinsurance business in the State

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