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Under the Insurance Business Act (Cap 403), the term “insurance directive” has been replaced with the term “insurance rule”. The Insurance Business Unit is in the process of replacing its Insurance Directives into Insurance Rules. Accordingly, in the future, all Insurance Directives will be replaced by Rules and the current directory “Insurance Directives” on the MFSA’s website will be replaced by Insurance Rules”.



>> (Directive) - Directives under the Insurance Business Act



Directive Directives under the Insurance Business Act
Explanatory Notes
Insurance Directives Preliminary
Directive 1 - Own funds of companies carrying on business of insurance or acting as insurance agents or insurance managers
Directive 2 - Criteria of fitness and properness
Directive 3 - Information for policyholders
Directive 4 - Specified effective period with respect to certain contracts of long term business
Directive 5 - Mutual Associations
Directive 6 - Schemes of operations relating to business of insurance to be carried on in the case of insurers
Directive 7 - Separate management of long term business and general business
Directive 8 - Qualifications of individuals who effectively direct business or manage the affairs of insurance companies, insurance agents, insurance managers or branches thereof
Directive 9 - Commercial business which may be stated in the objects of companies acting as insurance agents
Directive 10 - Schemes of operations relating to business of insurance and other activities to be carried on in the case of insurance agents and insurance managers
Directive 11 - Monies held in a fiduciary capacity
Directive 12 - Business of insurance statements
Part A - Part 1
Part A - Part 2
Part A - Part 3
Part A - Part 4
Part B
Parts FGH
Second Schedule
Second Schedule contnued
Third Schedule
Directive 13 - Publicity given to notices to cease to carry on business of insurance
Directive 14 - Insurance advertisements and other promotional activities
Directive 15 - Appointment and changes of director, controller or senior manager
Directive 16 - Zone of approved countries
Directive 17 - Authorisation to act as approved auditor
Directive 18 - Close links
Directive 19 - Legal expenses insurance
Directive 20 - Assistance insurance
Directive 21 - Business of affiliated insurance
Directive 22 - Exercise of Passport Rights by European Insurance Undertakings - Establishment
Directive 23 - Exercise of Passport Rights by European Insurance Undertakings - Services
Directive 24 - Exercise of Passport Rights by Maltese Insurance Undertakings - Establishment
Directive 25 - Exercise of Passport Rights by Maltese Insurance Undertakings - Services
Directive 26 - Export of Credit Insurance
Directive 27 - Insurers Internal Control
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