Reinsurance Law Amendments

Original Language Title: Grozījumi Pārapdrošināšanas likumā

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The Saeima has adopted and the President promulgated the following laws: the law of reinsurance done reinsurance Act (Republic of Latvia Saeima and the Cabinet of Ministers rapporteur, 2008, no. 15; 2009, No 7; Latvian journal, 2009, 205. No.) the following amendments: 1. Replace the words "the whole Law Gazette" journal "by the words" official publication "journal". 2. in article 1: Supplement to the second part of the article as follows: "(2) is also the term used in the law that meets the financial conglomerate used terms in the law."; believe the current text of article about the first part. 3. Article 60, second paragraph: replace the figure "1" by the 3,4 3.2 "number"; Replace paragraph 2 in the number, and the word "million" with 1.1 a number and the word "1.2 million". 4. Article 86: Add to the first paragraph of paragraph 2, after the words "insurance holding company" by the words "mixed financial holding company"; to complement the fourth paragraph after the words "insurance holding company" by the words "mixed financial holding company". 5. Add to the informative reference to European Union directive in paragraph 6 by the following: ' 6) the European Parliament and of the Council of 16 November 2011 the 2011 EU Directive/89/, with regard to a financial conglomerate in the supplementary supervision of financial firms amending Directive 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC. ' The law in the Parliament adopted 16 may 2013. The President of the Parliament instead of the President's Āboltiņ 2013 in Riga on June 4.