Abstract
1. The context Private Insurance is on the move. Insurance markets, insurance undertakings, insurance distribution patterns, even insurance products are subject to various and profound changes. So is the regulatory framework. Member States of the European Economic Community are led to drastically change their supervisory legislation (see further on, sub No. 5) as well as their legal regulations concerning the distribution of insurance,1 concerning accounting of insurance undertakings,2 even concerning insurance contracts law.3
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