Legislation - Non-Solvency II Undertakings

Legislation which covers elements of more than one of the Life, Non-Life and Reinsurance sectors is listed below.

Acts

• Assurance Companies Act 1909
• Insurance Act 1936
• Insurance (Amendment) Act 1938
• Insurance Act 1964
• Insurance (No 2) Act 1983
• Insurance Act 1989
• Insurance Act 2000
• Central Bank and Financial Services Authority of Ireland Act 2003
• Central Bank and Financial Services Authority of Ireland Act 2004
• Central Bank Reform Act, 2010
• Central Bank (Supervision and Enforcement) Act 2013

Statutory Instruments

• S.I. 171 of 1983 - Insurance (Provision of Services) Order 1983
• S.I. 201 of 1992 - European Communities (Companies: Group Accounts) Regulations 1992
• S.I. 396 of 1993 - European Communities (Accounts) Regulations 1993
• S.I. 23 of 1996 - European Communities (Insurance Undertakings Accounts) Regulations 1996
• S.I. 457 of 1997 - European Communities (Non – Life Insurance and Life Assurance) Framework (Amendment) Regulations 1997
• S.I. 399 of 1999 - European Communities (Supplementary Supervision of Insurance Undertakings in an Insurance Group) Regulations 1999
• S.I. 160 of 2003 - Central Bank and Financial Services Authority of Ireland Act 2003 (Commencement of Certain Provisions) Order 2003
• S.I. 168 of 2003 - European Communities (Reorganisation and Winding – up of Insurance Undertakings) Regulations 2003
• S.I. 218 of 2003 - Central Bank and Financial Services Authority of Ireland Act 2003 (Commencement of Certain Provisions) (No 2) Order 2003
• S.I. 454 of 2004 - Central Bank and Financial Services Authority of Ireland Act 2003 (Commencement Order) (No 1) Order 2004
• S.I. 455 of 2004 - Central Bank and Financial Services Authority of Ireland Act 2004 (Commencement) Order 2004
• S.I. 727 of 2004 - European Communities (Financial Conglomerates) Regulations 2004
• S.I. 731 of 2004 - European Communities (Supplementary Supervision of Insurance Undertakings in an Insurance Group) (Amendment) Regulations 2004
• S.I. 853 of 2004 - European Communities (Distance Marketing of Consumer Financial Services) Regulations 2004
• S.I. 13 of 2005 - European Communities (Insurance Mediation) Regulations 2005
• S.I. 190 of 2005 - Central Bank Act 1942 (Financial Services Ombudsman Council) Regulations 2005
• S.I. 840 of 2005 - European Communities (Adjustment of non-comparable amounts on Accounts and Distributions by Certain Investment Companies) Regulations 2005
• S.I. 351 of 2007 - European Communities (Life Assurance) (Amendment) Regulations 2007
• S.I. 352 of 2007 - European Communities (Life Assurance) Framework (Amendment) Regulations 2007

Legislation specific to Life Insurance Undertakings

Legislation specific to the regulation of Life Insurance Undertakings not subject to Solvency II is listed below.

Acts

• Unclaimed Life Assurance Policies Act 2003

Statutory Instruments

• S.I. 57 of 1984 - European Communities (Life Assurance) Regulations 1984
• S.I. 296 of 1985 - European Communities (Life Assurance) (Amendment) Regulations
• S.I. 437 of 1986 - European Communities (Life Assurance Accounts, Statements and Valuation) Regulations 1986
• S.I. 143 of 1988 - European Communities (Life Assurance) (Amendment) Regulations1988
• S.I. 150 of 1990 - European Communities (Life Assurance) (Amendment) Regulations1990
• S.I. 212 of 1990 - European Communities (Life Assurance) (Amendment) (No 2) Regulations 1990
• S.I. 360 of 1994 - European Communities (Life Assurance) Framework Regulations 1994
• S.I. 15 of 2001 - Life Assurance (Provision of Information) Regulations 2001
• S.I. 161 of 2002 - Life Assurance (Provision of Information) (Amendment) Regulations 2002
• S.I. 93 of 2003 - Unclaimed Life Assurance Policies (Section 9) Regulations 2003
• S.I. 543 of 2004 - European Communities (Life Assurance) Framework (Amendment) Regulations 2004
• S.I. 729 of 2004 - European Communities (Life Assurance) Framework (Amendment No 2) Regulations 2004
• S.I. 733 of 2004 - European Communities (Life Assurance) (Amendment) Regulations 2004

Legislation applicable to Non-Life Insurance Undertakings

Legislation specific to the regulation of Non-Life Insurance Undertakings not subject to Solvency II is listed below.

Acts

• The Industrial Assurance Amalgamation (Acquisition of Shares) Act, 1947
• Insurance Act, 1953
• Insurance Act,1961
• Insurance Act, 1969
• Insurance Act, 1971
• Insurance Amendment Act,1978
• Insurance Act, 1981
• Insurance (Export Guarantees) Act, 1988
• Insurance Act, 1990
• Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

Statutory Instruments

• S.I. No 359 of 1994 - European Communities (Non-Life Assurance) Framework Regulations 1994
• S.I. 202 of 1995 - European Communities (Non-Life Insurance Accounts) Regulations 1995
• S.I No 728 of 2004 - European Communities (Non-Life Insurance) Framework (Amendment) Legislation 2004
• S.I. No 330 of 2005 - Central Bank Act 1942 (Financial Services Ombudsman Council) Levies and Fees (No 3) Regulations 2005
• S.I. No 74 of 2007 Non-Life Insurance (Provision of Information) (Renewal of Policy of Insurance) Regulations 20
• S.I. 25 of 2009 - European Communities (Non-Life Insurance) Framework (Amendment) Regulations 2009

EU Directives

• Directive 2002/13/EC (Solvency I Directive)

Legislation applicable to Reinsurance Undertakings

Legislation specific to the regulation of Reinsurance Undertakings not subject to Solvency II is listed below.

Acts

• Central Bank Act 1942

Statutory Instruments

• S.I. 473 of 2000 - Insurance Act 1989 (Reinsurance) (Form of Notice) Regulations 2000
• S.I. 380 of 2006 - European Communities (Reinsurance) Regulations 2006
• S.I. 366 of 2007 - European Communities (Insurance and Reinsurance Groups Supplementary Supervision) Regulations 2007

EU Directives

• 2005/68/EC - Reinsurance Directive

Please note that the list of legislation provided is not exhaustive and is intended to serve as a general guide. Where links are provided to www.irishstatutebook.ie users should note the legal disclaimer on that website.