Publication of the licence to operate services in Denmark for insurance undertakings authorised on the Faroe Islands ;

In accordance with section 37 and section 373 (3), 4, in the law of financial activities, cf. Law Order no. 928 of 4. August 2014 :

Scope of application

§ 1. This notice shall apply to insurance undertakings authorised on the Faroe Islands.

Service Company in Denmark

§ 2. An insurance undertaking must operate in Denmark, provided that Denmark and the Faroe Islands have an agreement that Danish insurance undertakings have similar rights in the Faroe Islands.

§ 3. Before an insurance undertaking begins activities in accordance with Annexes 7 and 8 to the financial undertaking, the Financial Supervisory Authority shall have received the following information from the Danish Insurance Authority :

1) The company's name and address of the company's headquarters.

2) Indication of the classes of classes, groups of classes and any ancillary risks which the insurance undertaking intends to cover in Denmark.

3) Statement that the planned activities are subject to the authorization of the insurance undertaking on the Faroe Islands.

4) A solvency certificate issued by the Ferryan insurance authority.

Paragraph 2. Wants an insurance company to cover the risks of insurance class 10, cf. Annex 7, no. 10, for the financial undertaking, with the exception of the driver ' s responsibility, the financial supervision in addition to the information referred to in paragraph 1 shall be provided. 2 have received the following information from the Ferryan insurance authority :

1) Name and address of the representative named after Section 6.

2) Statement that the company is a member of Danish Federation for International Motor Insurance or similar international motor vehicle insurance.

3) Documentation for the company to be notified to SKAT in accordance with section 6 of the Act on the Tax of Damascus Insurance.

Paragraph 3. Wants an insurance company to cover the risks of insurance class 17, cf. Annex 7, no. 17, in the case of financial activities, the financial supervision of the financial supervision in addition to the information referred to in paragraph 2 have received information from the Danish Insurance Authority on which choice, the part of the company that will operate insurance undertakings in Denmark has carried out the following Article 3 (3). 2, in Council Directive 87 /344/EEC of 22. June 1987 on the coordination of laws, regulations and administrative provisions relating to legal expenses insurance.

§ 4. The insurance company may use the same name as the insurance company uses on the Faroe Islands. If there is a risk of confusion with another used name in Denmark, the Danish Agency for the Authority may require an explanation of the amendment.

§ 5. If the insurance undertaking covers the risks referred to in Annex 7 to Denmark, the Financial Authority referred to in Denmark may require the insurance undertaking to participate in arrangements that guarantee the fulfilment of claims by the insured or injured party ; third parties, to the extent that such schemes are equivalent to Danish insurance undertakings.

§ 6. An insurance undertaking covering the risks of the insurance class 10, cf. Annex 7, no. 10, in the case of a financial undertaking, with the exception of the driver ' s responsibility, appoint a representative who is resident or established in Denmark. The appointment of the representative is not considered in itself to be the establishment of an established place of business.

Paragraph 2. The representative shall be empowered to collect all necessary information in the context of requirements and to represent the insurance undertaking against injured persons who may claim applicable, including as regards the payment of such requirements. The representative shall also have the power to represent the insurance undertaking against the authorities and under the actions of the insurance undertaking in respect of the claims referred to in this paragraph.

Paragraph 3. For the insurance policies concerned, cover the risks of insurance class 10, cf. Annex 7, no. 10, for the financial undertaking, shall find the sections 105 to 108 and 110 to 115 use of the traffic law.

Penalty and entry into force

§ 7. Inherit of sections 5 and Section 6 (2). One and two, punishable by fine.

Paragraph 2. Companies can be imposed on companies, etc. (legal persons) punishable by the rules of the penal code 5. Chapter.

§ 8. The announcement shall enter into force on 1. October 2014.

Paragraph 2. Publication no. 996 of 12. In the case of an official service undertaking in this country by insurance undertakings authorised on the Faroes, the services undertaking shall be repealed.