(1) If an authorised reinsurance undertaking established in another Member State is wound up, commitments arising from contracts underwritten by the undertaking in the course of carrying on reinsurance business in the State are to be met in the same way as those arising under the undertaking's other reinsurance contracts, without distinction of nationality or place of establishment of the other parties to those contracts.
(2) If an authorised reinsurance undertaking established in the State is wound up, commitments arising from contracts underwritten by the undertaking in the course of carrying on reinsurance business in another Member State are to be met in the same way as those arising under the undertaking's other reinsurance contracts, without distinction of nationality or place of establishment of the other parties to those contracts.
(3) If a SPRV established in another Member State is wound up, commitments arising from contracts underwritten by the SPRV while operating in the St
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