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Showing 2581–2590 of 24302 articles for “Art. IV”
The imposition of a fine or financial penalty in breach of the provisions of article L. 1331-2 is punishable by a fine of 3,750 euros.
…of governance shall be based on a clear segregation of responsibilities and shall include an effective system of reporting. It is proportionate to the nature, scale and complexity of the company's op…
…ble for compliance with their obligations when outsourcing insurance or reinsurance functions or activities. Insurance and reinsurance undertakings shall refrain from outsourcing significant or critic…
Insurance and reinsurance undertakings set up a risk management system. They shall carry out an internal assessment of risks and solvency. They shall have an internal control system. A decree of the C…
…ures needed to identify, measure, monitor, manage and report, on an ongoing basis, the risks, at individual and aggregate levels, to which undertakings are or could be exposed, as well as the interdep…
…t change affecting the system or the area concerned. For each of the attributions of the administrative, management and supervisory body provided for in Commission Delegated Regulation (EU) No 2015/35…
The internal assessment of risk and solvency referred to in Article L. 354-2 shall cover at least: a) The overall solvency requirement, taking into account the specific risk profile, the approved risk…
…ternal audit function referred to in Article L. 354-1 assesses in particular the adequacy and effectiveness of the internal control system and the other elements of the system of governance. This func…
…ll underwriting policy and on the adequacy of reinsurance arrangements. It contributes to the effective implementation of the risk management system referred to in article L. 354-2, in particular with…
Insurance and reinsurance undertakings shall structure the risk management function referred to in Article L. 354-1 in such a way as to facilitate the implementation of the risk management system.
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