S.L. 403.15 Art. 30Co-insurance contracts.

(1) In the event of an insurance undertaking being wound up, liabilities arising from participation in Community co-insurance contracts shall be met in the same way as those arising under that undertaking’s other insurance contracts without distinction as to the nationality of the insured and of the beneficiaries.

(2) For the purpose of this regulation "Community co-insurance" shall be construed in accordance with Article 190 of the Solvency II Directive.