| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/00/122 (8.2.00) |
| Publication Date | 08/02/2000 |
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The Commission adopted a Communication on 8.2.00 which spells out its interpretation of the concepts of freedom to provide services and general good as applied to the insurance industry. By its Communication the Commission sets out to ensure that the Insurance Directives are interpreted in such a way as to ensure a fully integrated Internal Market in insurance. In particular, it specifies the exact scope of the freedom to provide services and defines the legal framework within which a Member State may invoke the general good in order to regulate insurance business in its territory by way of branching or by way of freedom to provide services by an insurance undertaking duly authorised and established in another Member State. The interpretative Communication does not, however, prejudge the position of the Court of Justice, which has ultimate responsibility for interpreting the EC Treaty and secondary legislation, on the matters it deals with. The Communication's adoption is one of the priority objectives of the Financial Services Action Plan (see IP/99/327). |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
