INSURANCE BLOCK EXEMPTION
February 1st, 2003 BY KEITH NUTHALLInsurance companies are to be given greater freedom to operate insurance pools and to engage with other companies in the joint calculation of risks, under new regulations announced today (Thursday) by the European Commission. The new 7-year insurance block exemption regulation also provides for the establishment of non-binding standard policy conditions and the testing and acceptance of security equipment. Brussels said the exemptions, which have been drawn up after intensive consultation with the insurance industry, specifically do not concern ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.