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Article 418

  • 1

    This section does not apply to:

    • a.

      reinsurance intermediaries;

    • b.

      financial services relating to the insurance of large risks;

    • c.

      offering premium pension claims.

  • 2

    For the purposes of Articles 4:19, 4:20, 4:21, and 4:22, funeral insurance in kind is also understood to mean an agreement that serves to build up funds to pay for the funeral of a natural person, if the agreement is entered into by a funeral insurer in kind and does not entail any investment risk for the funeral insurer in kind.

  • 3

    For the purposes of Articles 4:19, 4:20, 4:21, 4:23, and 4:24a, ancillary service shall also mean a service offered to the consumer together with a credit.

Information valid on 01-05-2021

Regulations based on this article (delegated regulations)

No

Policies and circulars that have this article as legal authority

No

Articles or similar text referring to this article

  1. Decision on Conduct Supervision of Financial Undertakings (Wft)
    Article: 51b, 112d, 63

Summary of changes for this article

(01-05-2021)

Origination source

Entry into force

Effective date

Retroactivity

Subject

Signature

Announcement

Chamber documents

Signature

Announcement

Note

2016

modification

2016

Stb. 2016, 265

34292

2016

Stb. 2016, 265

2014

modification

2013

Stb. 2013, 487

33632

2013

Stb. 2013, 552

Alg. 1

2011

modification

2010

Stb. 2010, 887

31891

2010

Stb. 2010, 889

2007

new-arrangement

2006

Stb. 2006, 475

29708

2006

Stb. 2006, 664

Comments

  • 1) An amendment has been mistakenly formulated in the first paragraph, part a, that cannot be implemented. The amendment concerns the wording of Article 1, paragraph 1, part a, of the current law. The amendment proposes to replace the current wording "the Minister of the Interior" with "the Minister of the Interior and Kingdom Relations." However, this amendment is not possible because the current wording "the Minister of the Interior" is correct and appropriate. The amendment is therefore not implemented.