2 Amendments of Pablo ZALBA BIDEGAIN related to 2011/2010(INI)
Amendment 60 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Insists that new EU legislation should not result in the dilution of protection offered by existing IGS in Member States, and that consumers should not face any losses as a result of regulatory failure to adequately supervise insurers or intermediaries; calls consequently on the Commission to ensure that a European framework for IGS compensates policyholders for losses in full and without exception for all types of insurance products in the event of insurer bankruptcy, insurer or intermediary mis-selling, or fraud, within a set period of time, consistent throughout Member States;
Amendment 69 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Notes that in the absence of a legally binding EU definition of what constitutes a small- or micro- undertaking, and given the changing nature of such entities over time, proposals for a directive on IGS should be limited to natural persons; requests that the Commission re-evaluate the case for including select legal persons once a legally binding definition is agreed; stresses that as a matter of subsidiarity individual Member States may choose to include legal persons withProposals for a directive on IGS should be limited to natural persons and select legal persons such as micro-enterprises as defined in Commission recommendation 2003/361 concerning their national IGS definition of micro, small and medium-sized enterprises;