Regulatory Alerts2026-04-09
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Austrian Insurance Supervision Act 2016 (VAG 2016)
The Austrian Financial Market Authority (FMA) enforces the Insurance Supervision Act 2016 to regulate insurance and reinsurance undertakings within Austria. The legislation establishes comprehensive requirements for licensing, corporate governance, solvency capital, and the conduct of insurance distribution. It further defines supervisory powers, group supervision mechanisms, and penal provisions to ensure market stability and policyholder protection.
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