01 October 2002

INSURANCE OVERVIEW

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This section gives the timing of the steps in the legislative timetable of the co-decision procedure. All the Directives of the FSAP are subject to this process. This section will be up-dated as events progress.

If no agreement between Parliament and Council is reached in First Reading than there will be a Second Reading and maybe a conciliation process. For a detailed description of the co-decision process, see the Council’s explanation.

Insurance Mediation
Current stage of co-decision procedure:finalized

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INSURANCE MEDIATION DIRECTIVE ADOPTED: September 2002 (event)

EP adopted Recommendation on Insurance Mediation: 12 June, 2002 (event)

Council adopted Common Position on Insurance Mediation: 19 March, 2002 (event)

EP adopted Directive on Insurance Mediation (1st reading): 14 November, 2001 (event)

Commission Proposal on Insurance Mediation Directive: September 20, 2000(event)

Solvency Margins
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LIFE AND NON-LIFE INSURANCE DIRECTIVES ADOPTED: 14 February 2002 (event)

EP adopted Directive on Solvency Margin Requirements (1st reading): July 04, 2001 (event)

Commission Proposals on Solvency Margin Requirements Directive: October 25, 2000 (event)

© Graham Bishop