NORWAY – EFTA COURT
July 1st, 2003
BY KEITH NUTHALLNORWEGIAN consumer legislation that bans the sale of life assurance contracts within Norway, unless policyholders are charged an upfront fee covering all completion costs, is being challenged as illegal under European law. Oslo has been sent a final warning letter from the European Free Trade Area (EFTA) Surveillance Authority, threatening action at the EFTA Court, unless Norway promises to dismantle the system and replace it with something less draconian. Its stated aim is to promote openness and competition amongst insurers operating in Norway, ...
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