EU - European Union

  • Annex III of the EU Life Assurance Directive, in particular, requires that life insurance consumers be advised of recourse mechanisms at the time of sale.

2017 - WorldBank - Good Practices for Financial Consumer Protection - 254p

  • 2012 - EC - CONSULTATION ON A POSSIBLE RECOVERY AND RESOLUTION FRAMEWORK FOR FINANCIAL INSTITUTIONS OTHER THAN BANK - 43p
  • 2009 05 - ECB (European Central Bank) - The pricing of subprime mortgage risk in good Times
    and bad: evidence from The abX.he indices - 42p

Legal Case - Poland - Case C-143/20 - Unit-Linked Group Life Insurance - 12p

  • 50 - The national court’s doubts arise from the fact that, on the one hand, pursuant to recital 27 and Article 2(1)(a) of Directive 2014/65/EU (recital 10 and Article 2(1)(a) of Directive 2004/39/EC), the provisions of these directives do not apply to insurance undertakings.
    • However, on the other hand, pursuant to recital 87 of Directive 2014/65/EU, equal protection must be ensured for consumers with respect to investments in the form of insurance contracts.
    • Moreover, recital 10 of Directive 2005/29/EC indicates that particularly high protection standards must be ensured for consumers in the market for high-risk financial products, in respect of which creating false impressions is prohibited.
    • This is further reinforced by the reference made in Article 7(5) of that directive and Annex 2 thereto to Article 19 of Directive 2004/39/EC.
  • 51 - The referring court has found no indications as to the correct interpretation of the aforementioned provisions of these directives in the existing case-law of the Court.
    • The only two judgments identified by the referring court which concerned a similar issue (unit-linked insurance) do not answer the questions referred for a preliminary ruling (judgments of 1 March 2012, González Alonso, C-166/11, ECLI:EU:C:2012:119, and of 29 April 2015, Nationale-Nederlanden Levensverzekering Mij, C-51/13, ECLI:EU:C:2015:286).
  • NAIC - E.U. - U.S. Insurance Dialogue Project Reports
  • 3rd Life Insurance Directive