Regulatory Alerts2026-04-26
Added
Act on Insurance Undertakings in Cross-Border Pension Funds, Life Insurance Companies and Non-Life Insurance Companies etc. (Act on Insurance Business)
This consolidated act establishes the regulatory framework for insurance undertakings, including non-life and life insurance companies, cross-border pension funds, and reinsurance companies, implementing various EU directives such as Solvency II. It defines the scope of application for financial holding companies, insurance holding companies, branches, and service providers, while providing detailed legal definitions for terms like Group 1 and Group 2 insurance undertakings, exposure, and outsourcing. The text specifies applicable sections for different entity types and outlines the authority of the Danish Financial Supervisory Authority to set specific rules for co-insurance and branches of third-country insurers.
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