Date of entry into force
section 1 of the Insurance Business Act (2010:2043)
force on 1 april 2011. The same applies to this Act
but section 27, which shall enter into force two weeks after
the date on which the law reportedly on the published
from the pressure of the Swedish Code of statutes.
Laws repealed
section 2 of this Act is repealed, with the limitations
as provided for by this law,
1. Act (1972:262) If friendly societies,
2. insurance business Act (1982:713),
3. Act (1982:728) for the inclusion of
the insurance business Act (1982:713), and
4. Act (1987:464) on certain directed placements in
publicly traded companies, etc.
Reference in other statutes
section 3 Of the law or any other statutes
found reference to a regulation that has
replaced by a provision of the
the insurance business Act (2010:2043) or this
law, instead the new provision.
Provisions laid down by law or any regulatory
If the insurance associations must apply for such
friendly societies as of the end of March
2011 continues to operate according to the
Act (1972:262) with the support of friendly societies
by section 7 of this Act unless specifically
specified.
Insurance companies that have been formed before the law
date of entry into force
section 4 of the insurance company and the mutual
insurance companies formed prior to 1 april
2011 insurance business Act (2010:2043)
with the exceptions stated below.
Continued validity of the applicable state and
stadfästelser of the articles of Association
§ 5 Permission for an insurance company, or
mutual insurance companies to drive
insurance business (concession) and confirmation
the articles of association that are applicable at the
the entry into force of the insurance business law
(2010:2043), shall then be deemed to apply as if they
issued pursuant to the Act.
Continued validity of authorised derogations and
exception
section 6 of The exceptions and derogations from the provisions
in the insurance business Act (1982:713)
granted and in force at the entry into force
of the insurance business Act (2010:2043) to
then refer to the corresponding provisions of the
the law.
Understödsförenings application for authorization and
activities
7 § understödsförening that before 1 april 2011
registered under the Act (1972:262) If friendly societies
may continue to run the business and should be covered by
the provisions of the Act to the end of 2017, or, if
an application for a permit pursuant to Chapter 2. insurance business law
(2010:2043) then submitted, until a decision with
reason of such an application has become final.
If an application for an authorisation as referred to in the first subparagraph have not
submitted by end 2017 or denied, shall
the Club go into liquidation.
The liquidation shall be dealt with in accordance with the provisions of the law on
friendly societies.
Such a relationship has occurred involving the liquidation
According to the second paragraph and have not within six weeks thereafter, in
understödsförenings registry in place stating that
the Club went into liquidation, the law on registration of
The financial supervisory authority and after consulting the Association declare that
the Association shall enter into liquidation.
The provisions of section 44 law on friendly societies,
apply for the Court's handling of a notification under
fourth paragraph. Law (2014:219)
Agreement with the bias circuit for services
section 8 in respect of contracts referred to in Chapter 4. § 9
the insurance business Act (2010:2043)
entered into before april 1, 2011 for older
provisions.
Special corporate law provisions
Registration of already formed insurance company
section 9 in respect of the registration of
insurance company and mutual
insurance companies set up before
the insurance business Act (2010:2043) has entered into
force older provisions.
Removal of regulations on par
amount
section 10 of the regulations of insurance companies
articles of incorporation if the par amount shall be
remove the last when the company first
time of the end of March 2011 to decide on
any other amendment of the articles of Association. When such a
Regulation be removed, the indication of the simultaneously
number of shares in the company are taken into
the articles of Association.
Reservations about the solution right
section 11 Contains an insurance companies
articles of incorporation before 1 March 2011 reservations
referred to in Chapter 3. section 3 of the insurance business law
(1982:713), applies to the reservation even if it
differs from Chapter 4. section 28 of the companies act
(2005:551).
Indication of shareholders ' personal or
registration number, etc.
section 12 of the provisions in Chapter 5. 5 section 2
Swedish companies Act (2005:551) on the indication of the
shareholders ' personal or corporate
does not apply in the case of shareholders who have been
into the share register prior to april 1, 2011.
In the case of insurance company formed
prior to april 1, 2011 need task under
Chapter 5. 5 section 4 of the companies act
whether the share certificates have been issued must be provided only if
share certificates have been issued after the entry into force of
the insurance business Act (2010:2043).
section 13 the provisions of Chapter 6. section 2 of the companies act
(2005:551) on the indication of the company's
company registration and corporate category, and if
the shareholder's personal identification number, registration number
or other identifying number does not apply
share certificates have been communicated before 1 april
2011.
section 14 of the holder of a share certificate and according to
the company's note on the letter is listed as the owner
in the share register shall, even if the insertion has taken place
by the end of 1982, comparable to the
According to the second subparagraph of paragraph 13 of the Act (1936:81) if
bonds likely to be entitled to make debt
applicable, if an acquisition from him or her
occurs after the said date.
Registration and enforcement of older
a formal decision
section 15 on registration and execution of a
AGM decisions taken prior to the entry into force
of the insurance business Act (2010:2043) and at
proceedings against such decisions for older
provisions or, in the case of the decision
referred to in Chapter 16. Swedish companies Act (2005:551),
the provisions of the repealed Act (1987:464) if
certain directed placements in publicly traded companies,
accommodation
Registration and enforcement of older
Board decision
section 16 On Board prior to 1 april 2011
decisions on new share issues pursuant to Chapter 4. 16
or section 17, issuance of debt securities in accordance with Chapter 5.
9 or section 10 or reduction of share capital
According to Chapter 6. section 8 of the insurance business law
(1982:713), the older provisions at
registration and enforcement of the decision.
Division and consolidation of shares
section 17 the provisions of Chapter 4. 46-50, §§
Swedish companies Act (2005:551) does not apply in the case
If the decision on the Division or aggregation of
shares issued prior to 1 april 2011.
Auditor in insurance company
section 18 If an insurance company at the
the entry into force of the insurance business law
(2010:2043) have an auditor who does not meet the
requirements of Chapter 11. section 12 of the Act and Chapter 9.
Swedish companies Act (2005:551), the company may apply
older provisions concerning an auditor's qualifications
until the time for which the auditor has been appointed
has expired. If the auditor has been appointed for a
term exceeding four years, or until
Furthermore, the Office of auditor shall constitute
to the end of the annual general meeting held during the
the fourth financial year after the election of the auditor or,
If the time is over to the right on 1 april 2011,
to the end of the first annual general meeting held
After its entry into force. Auditors shall in
latter cases take place at the annual general meeting.
Value transfer
section 19 of the Older provisions apply in the case of
value transfer from an insurance company
or a mutual insurance company, if
the calculation shall be based on an annual report
established prior to april 1, 2011.
Redemption of minority shares
section 20 on the redemption of shares, in accordance with Chapter 15. section 8
the insurance business Act (1982:713) has been called
before July 1, 2006, the
Insurance Act, as amended by
the end of June 2006 in the case of
conditions for redemption, the determination of
the redemption amount and procedure.
section 21 Of an insurance company before 1
April 2011 has decided to issue
warrants or convertibles and the in
the issue terms provide for how
These instruments shall be treated in the context of
redemption of shares under 14 a Cape.
the insurance business Act (1982:713), these
provisions even after that time.
Fusion
section 22 of the Older provisions apply to fusion, if
the merger plan has been approved under 15 a Cape. section 11 of the
the insurance business Act (1982:713) before the
april 1, 2011. The same is true for absorption of
wholly owned subsidiary under 15 a Cape. section 18 of the same
law, if the merger plan has been drawn up before the said
date.
Liquidation and bankruptcy
section 23 of the Older provisions apply to liquidation
and bankruptcy, if the decision on bankruptcy or
liquidation has been issued prior to 1 april 2011.
Action against the insurance undertaking
section 24 A case of intervention according to
the insurance business Act (2010:2043) are assessed according to
older provisions, if the circumstances
raises the issue of intervention relating to the
the period prior to 1 april 2011. The new
the provisions shall, however, apply if they would
lead to a less rigorous intervention.
The appeal of the older decision
paragraph 25 of the Decision which has been notified prior to
the entry into force of the insurance business law
(2010:2043) subject to appeal under the old rules.
The Board's proposal to amend the articles of Association
section 26 If an insurance companies or a
mutual insurance statutes after
the end of March 2011, contrary to
the insurance business Act (2010:2043) to
the Board of Directors, unless otherwise provided by this Act,
the first ordinary general meeting then put
proposals for amendment of the articles of Association to
compliance with the insurance business Act.
Amendment of articles of incorporation before the law
date of entry into force
paragraph 27 of the general meeting, even before 1 april 2011
decide on amendment of the articles of Association to
compliance with the insurance business Act
(2010:2043). The decision shall set out to change
valid from 1 april 2011.
Special provisions for certain older firms
section 28 of the mutual insurance company
have been registered prior to the entry into force of the law
(1948:433) if the insurer does not need to
contain the words mutual or insurance.
section 29 Of the Stockholm City Fire Insurance Office
the provisions of the insurance business law
(2010:2043) for mutual insurance companies in
applicable parts. However, the Office's partners
not because it get more responsibility for
the Office's obligations than they had before the
January 1, 1904.