Glossary

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conduct standards > third country branch undertaking
Term Definition Legal instruments

third country insurance branch

01/01/2016

means a permanent presence in the UK of a third country insurance undertaking that has a permission to effect contracts of insurance or carry out contracts of insurance (except an undertaking which pursues only the business of reinsurance in the UK).

Additional Notes

[Note: Art. 162(3) of the Solvency II Directive]