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Icelandic Insurance Market Fom The Perspective Of The Financial Supervisory Authority

Iceland, as a member of the EEA, has implemented the relevant EU Directives regarding the Insurance Market, Credit Market and Securities Market etc. Consequently, the legislation on insurance activity and insurance mediation is in line with the EU Law. The main legislation regarding the insurance market is the Act on Insurance Activities no. 60/1994 and regulations, Act on Insurance Contracts no. 30/2004, Act on Insurance Mediation no. 32/2005 and regulations and Act on Official Supervision of Financial Operations no. 87/1998 and regulations.

Web-link: http://www.fme.is/lisalib/getfile.aspx?itemid=4261
Language: English