Solvency II
Information for policy holders – Solvency II

Solvency II Art.185-186: Arts 185, 186 Give life policy holders full pre-contract and ongoing information, and honour the cancellation period

What does Art.185-186 require?

Before a life contract, insurers must provide the undertaking's name, legal form, head office and branch, a concrete reference to the SFCR, and the commitment details (benefits and options, term, termination, premiums, bonuses, surrender and paid-up values and guarantees, unit-linked units and underlying assets, cooling-off, tax, complaints, applicable law) plus information on risks borne by the policy holder, in writing in an official language; keep policy holders informed of changes and annually of bonuses and profit participation, with specimen calculations at three interest rates where projections are shown. Policy holders have a 14 to 30 day cancellation period as set by the Member State.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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