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https://www.um.edu.mt/library/oar/handle/123456789/109676| Title: | The “Mifidization” : the sunset of life insurance in the EU regulation on insurance? |
| Other Titles: | Liber amicorum for Professor Ioannis Rokas |
| Authors: | Marano, Pierpaolo |
| Keywords: | Life insurance -- European Union countries European Parliament. Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments Life insurance -- Law and legislation -- European Union countries Insurance law -- European Union countries Insurance policies -- European Union countries |
| Issue Date: | 2016 |
| Publisher: | SSRN - Elsevier |
| Citation: | Marano, P. (2016). The “Mifidization” : the sunset of life insurance in the EU regulation on insurance?. Liber Amicorum for Professor Ioannis Rokas, ΝΟΜΙΚΗ ΒΙΒΛΙΟΘΗΚΗ, 219-234, Available at SSRN: https://ssrn.com/abstract=2832952 |
| Abstract: | The essay appertains to the Regulation issued by the European Union (EU) concerning the distribution of life insurance products. Therefore, in this paper we refer to the following regulatory framework when it comes to the EU regulation on insurance. The EU rules on insurance and reinsurance undertakings make up a discipline of maximum harmonization, which has been brought by Directive 2009/138/EC, which in its turn is more commonly known as Solvency II, and the implementing measures1. With reference to insurance intermediaries as well as business conduct rules on the distribution of insurance products, there is a minimum level harmonization. The adoption of Directive 2016/97/EC on insurance distribution (IDD)2, which repeals Directive 2002/92/EC on insurance mediation (IMD), has recently expanded this harmonization. All distributors of insurance products, i.e. insurers and intermediaries, fall within the scope of the IDD and Member States are to have transposed the IDD into national laws by February 2018. [Excerpt] |
| URI: | https://ssrn.com/abstract=2832952 https://www.um.edu.mt/library/oar/handle/123456789/109676 |
| Appears in Collections: | Scholarly Works - FacEMAIns |
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