Examples of using Minimum guarantee fund in English and their translations into Swedish
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Political
Possess the minimum guarantee fund required.
In practice, the most important aspect for SMEs will be the requirement to establish a minimum guarantee fund of.
Indexation of minimum guarantee fund(MGF) levels;
The most important aspect for SMEs will be the requirement to establish a minimum guarantee fund of EUR 3 million.
Possess the minimum guarantee fund provided for in Article 17 2.
The items constituting the minimum guarantee fund;
Alteration of the minimum guarantee fund provided for in Article 40(2) to take account of economic
submit a scheme of operations and hold a minimum guarantee fund.
Any Member State may provide for a one-fourth reduction of the minimum guarantee fund in the case of mutual associations
Alteration of the minimum guarantee fund provided for in Article 17(2) of Directive 73/239/EEC to take account of economic
Like primary insurance undertakings, reinsurance undertakings will also be required to maintain a minimum guarantee fund of not less than EUR 3 million.
The higher minimum guarantee fund may therefore act as a potential entry barrier to the formation of new businesses wishing to benefit from the single passport.
Finally, the Belgian mutual companies were not obliged to possess the minimum guarantee fund, contrary to the requirement set out in Article 8(1)(d) of the First Directive.
In practice, the minimum guarantee fund is unlikely to prove a real barrier to the establishment of insurance businesses wishing to be active on a truly cross-border basis.
The only new additional resource demand is the staff resources required to annually update the minimum guarantee fund in line with inflation, where required.
Solvency I raised the minimum guarantee fund in 2002 but was just a stop-gap measure, needed to improve policyholder
the items constituting the minimum guarantee fund, and the guiding principles as to reinsurance;
To avoid major and sharp increases in the amount of the minimum guarantee fund in the future, a mechanism should be established providing for its increase in line with the European Index of Consumer Prices.
it has also to possess the minimum guarantee fund provided for in Article 40.
Whereas, pursuant to that Directive, the minimum guarantee fund which each Member State requires of all insurance undertakings with head offices in its territory may not be less than certain amounts which are expressed in units of account in the Directive;
other classes Article 17(2) requires a higher minimum guarantee fund than before, that is possesses that minimum. .
These articles raise the value of the minimum guarantee fund to EUR 3 million,
the provisions of Article 17(2) require a higher minimum guarantee fund than previously, that it possesses such minimum. .
Lastly, it should be noted that the minimum guarantee fund would henceforth only be constituted from higher quality items,
has to have available a minimum guarantee fund of EUR 3 million, would be able to establish the additional million euros over five years.
to other parts of such territory may be exempted for a period of ten years from the date of notification of the Directive from the requirement to constitute the minimum guarantee fund referred to in Article 17 2.
contribution income is as much as six times such minimum guarantee fund.
alter the minimum guarantee fund and clarify the definitions.
attesting the classes of insurance which the undertaking is entitled to carry on and that it possesses the minimum guarantee fund or, if higher, the minimum solvency margin calculated in accordance with Article 16(3),
which conducts reinsurance activities establishes, in respect of its entire business, a minimum guarantee fund in accordance with Article 40 of Directive 2005/68/EC, where one of the following conditions is met.