The internal market in 1994 or later in the 1990s (see XI and XXVII) for insurance companies is being achieved by three means: the liberalisation of insurance capital, free establishment of insurance companies and free provision of services by insurance companies. The movement of capital has to be liberalised by July 1, 1990 in most member states. Spain, Portugal, Greece and Ireland have the option to postpone this date for a number of years. This chapter discusses Community regulations concerning freedom of establishment and of provision of services by insurance companies. The legislation in this area is based inter alia on articles 52–58 (freedom of establishment and 59–66 (freedom to provide services) of the EEC Treaty.
KeywordsMember State Civil Liability Supervisory Authority Head Office European Currency Unit
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