Legislation

National Law - Greek legislation in the field of insurance regulation

  •  Law 4364 (Government Gazette A 13/5.2.2016) (in Greek)  “Adaptation of Greek law to Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II), Articles 2 and 8 of Directive 2014/51/EU of the European Parliament and of the Council of 16 April 2014 amending Directives 2003/71/EC and 2009/138/EC and Regulations (EC) No 1060/2009, (EU) No 1094/2010 and (EU) No 1095/2010 in respect of the powers of the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority), and Article 4 of Directive 2011/89/EU of the European Parliament and of the Council of 16 November 2011 amending Directives 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC as regards the supplementary supervision of financial entities in a financial conglomerate, relevant legal provisions on private insurance, and other provisions”
  •  Law Decree 400/1970 (Government Gazette A 10/17.1.1970): “Regarding Private Insurance Undertakings” (the Decree has been repealed by Law 4364/2016) [unofficial English translation]
  •  Law 2496/1997 : “Insurance Contract Act”  (articles 1-34) [unofficial English translation]
  •  Law 489/1976 (Government Gazette A 331) “Compulsory Insurance of Civil Liability arising from Motor Accidents” (amendments to Law 3746/2009) [unofficial English translation]

 

Directives

  •  Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)