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Freedom Dictionary | A Wisdom Archive on Freedom Dictionary | | Freedom Dictionary A selection of articles related to Freedom Dictionary | |
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Freedom Dictionary, Dream Interpretation, Dream Dictionary
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ARTICLES RELATED TO Freedom Dictionary | |
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| | |  Freedom Dictionary:
Insurance Glossary Dictionary II - Freedom of services Definition and meaning of Freedom of services : The right to provide services on a cross-border basis within the European Union (EU). The essential feature so far as the provision of insurance is concerned is that the contract is made in an EU member state which is different from the member state where the risk is located (see European Union/European Economic Area risk). It therefore covers open market business (with or without the involvement of a local intermediary) and business that is written under any binding authority where the local coverholder does not have authority to enter into contracts of insurance without first consulting the managing agent that granted the binding authority. (Source Lloyd's ) Also see these pages: Freedom of services , Insurance, Insurance Sitemap, Insurance Dictionary - F
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| | | | Freedom Dictionary:
Insurance Glossary Dictionary II - Freedom of establishment Definition and meaning of Freedom of establishment : In the context of insurance the right of an insurer located in one member state of the European Union (ÒEUÓ) to sell insurance in another member state of the EU through a local branch, agency or subsidiary. In the case of LloydÕs this includes business that is underwritten by a coverholder in a EU member state where LloydÕs has a representative office and where the coverholder may enter into contracts of insurance without first consulting the managing agent that granted the binding authority. (Source Lloyd's ) Also see these pages: Freedom of establishment , Insurance, Insurance Sitemap, Insurance Dictionary - F
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