CONTROL AND SUPERVISION OF INSURANCE COMPANIES

Insurance is subject to strict supervision and regulation in most countries, particularly for the protection of insured persons and for enhancing the role of such services in the process of economic development. The directives adopted by the European Commission in the field of insurance require bett...

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Bibliographic Details
Published in:Anale. Seria stiinte economice 2022, Vol.XXVII (27), p.109-114
Main Authors: Nagy, Cristina Mihaela, Mladin, Franca
Format: Article
Language:English
Subjects:
Accounting - Business Administration
Economic development
Labour and Social Security Law
Public Finances
Online Access:Get full text
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Summary:Insurance is subject to strict supervision and regulation in most countries, particularly for the protection of insured persons and for enhancing the role of such services in the process of economic development. The directives adopted by the European Commission in the field of insurance require better cooperation between Member States, particularly as regards the supervisory system and, above all, to confer full supervisory rights on the national authorities of an EU Member State over insurance companies established in another State.
ISSN:1582-2680
1582-6333