Glossary
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non-directive insurer > third country branch undertaking| Term | Definition | Legal instruments |
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third country pure reinsurance branch 01/01/2016 |
means a permanent presence in the UK of a third country insurance undertaking or third country reinsurance undertaking, that has a permission to effect contracts of insurance or carry out contracts of insurance and which pursues only the business of reinsurance in the UK. Additional Notes[Note: Art. 162(3) of the Solvency II Directive] |
Instruments |