BELGIUM/FINLAND
October 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Commission is threatening to take Belgium and Finland to the European Court of Justice, claiming that their mandatory no-claims bonus systems for motor insurance breaks the EU's third non-life insurance directive.Brussels claims that the regulations deny insurers the freedom to set scales of premiums allowed in the EU legislation. In both countries, these have to comply with detailed, mandatory criteria laid down by national law.If the Belgian or Finnish governments do not within two months say how they intend to reform their ...
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