Notice regarding the adaptation in line with inflation of certain amounts laid down in the Life and Non-Life Insurance Directives

(2006/C 194/07)

In accordance with Article 30 of Directive 2002/83/EC (1) concerning life assurance, the amount laid down in euro in Article 29(2) was reviewed in 2005 in order to take account of changes in the European index of consumer prices comprising all Member States as published by Eurostat. As a result of the review, the amount laid down in euro is increased from EUR 3 000 000 to EUR 3 200 000. The Commission Services have informed the European Parliament and the Council of the review and the adapted amount.

In accordance with Article 17a of Directive 73/239/EEC (2) on the coordination of the laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance, as amended by Directive 2002/13/EC (3), the amounts laid down in euro in Article 16(a) (3) and (4) and Article 17(2) were reviewed in 2005 in order to take account of changes in the European index of consumer prices comprising all Member States as published by Eurostat. As a result of the review, the amount laid down in euro in Article 16(a)(3) is increased from EUR 50 000 000 to EUR 53 100 000. The amount laid down in euro in Article 16(a)(4) is increased from EUR 35 000 000 to EUR 37 200 000. The amounts laid down in euro in Article 17(2) are increased from EUR 2 000 000 to EUR 2 200 000 and from EUR 3 000 000 to EUR 3 200 000 respectively. The Commission Services have informed the European Parliament and the Council of the review and the adapted amounts.

(1)  OJ L 345, 19.12.2002, p. 1.

(2)  OJ L 228, 16.8.1973, p. 3.

(3)  OJ L 77, 20.3.2002, p. 17.