Regulatory Alerts2023-06-14
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Solvency II: General notes
The document outlines the implementation of the Solvency II regulatory framework in the Netherlands, which came into effect on 1 January 2016. It details the national laws, including the Act implementing the Solvency II Directive and the Omnibus II Implementation Act, which embed EU directives and EIOPA guidelines into Dutch law. The text specifies that in-kind funeral services insurers and small insurers with gross annual premiums under EUR 5 million or technical provisions under EUR 25 million are subject to the less extensive Solvency II: Basic regime.
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