(1) An insurance undertaking with a head office in the State proposing to establish a branch in another Member State shall notify the Bank of its proposal.
(2) The notification referred to in sub-article (1) of this Article shall provide the following information -
(a) the Member State within the territory of which the insurance undertaking proposes to establish the branch;
(b) a scheme of operations setting out, inter alia, the types of business envisaged and the structural organisation of the branch;
(c) the address in the Member State of the branch from which documents may be obtained and to which they may be delivered, being the address to which all communications to the authorised agent of the branch are sent;
(d) the name of the authorised agent of the branch being a person possessing sufficient powers to bind the insurance undertaking in relation to third parties and to represent it in relations with the authorities and Courts of the Member State of the branch.