Changes To Regulation 17 Of March 11, 2008 On Ladisciplina Of Joint Exercise Of Life And Non-Life Branches Of Which 348 11 September 7, 2005, And Referred To Legislative Decree No 209-Insurance Code. (Measure # 31). ...

Original Language Title: Modifiche al regolamento n. 17 dell'11 marzo 2008 concernente ladisciplina dell'esercizio congiunto dei rami vita e danni di cui agliarticoli 11 e 348 del decreto legislativo 7 settembre 2005, n. 209 -Codice delle assicurazioni. (Provvedimento n. 31). ...

Read the untranslated law here: http://www.gazzettaufficiale.it/atto/serie_generale/caricaArticoloDefault/originario?atto.dataPubblicazioneGazzetta=2015-04-02&atto.codiceRedazionale=15A02489&elenco30giorni=false&atto.tipoProvvedimento=DECRETO

The ISTITUTO PER LA VIGILANZA SULLE ASSICURAZIONI having regard to law no 576 August 12, 1982, and subsequent modifications and additions concerning the reform of supervision of insurance; Having regard to the Decree-Law July 6, 2012 # 95, establishing a "urgent provisions for review of public spending with the invariance of services to citizens┬╗, convertito con legge August 7, 2012 # 135, IVASS's founding; Having regard to the Legislative Decree of September 7, 2005, n. 209, and subsequent amendments thereto, bearing the insurance code and, in particular, articles. 11, paragraph 3, and 348 that attach to the IVASS the power to indicate the criteria and methods of representation of separate management and non-life branches which are kept insurance companies carrying on both activities (known as ' undertaking-branches┬╗); Having regard to the ISVAP Regulation No. 17 of March 10, 2008, concerning the discipline of joint exercise of life and non-life branches as referred to in articles 11 and September 7, 2005, 348 of Legislative Decree n. 209-insurance code and, in particular, article. 5 governing the obligation on companies branches to bring in its statute the elements of equity attributable to each management; Considered the need to raise to 20 percent the percentage to increase shareholders ' equity items amounts attributed to damage or life managers specify in the last Charter, beyond which it is mandatory to change the bylaws resulting in approval of IVASS;
Adopts the following decision: Art. 1 Changes in art. 5 of the 11 March 2008 1 ISVAP Regulation No 17. In paragraph 4 of art. 5 of ISVAP Regulation No. 17 of March 11, 2008, the word ' 10% ' is replaced by the word: ' 20% ';