| SK: Commercial presence is required for supply of: the life insurance of persons with permanent residence in the Slovak Republic,the insurance of property on the territory of the Slovak Republic,the insurance of liability for loss or damage caused by the activity of natural persons and juridical persons on the territory of the Slovak Republic,air and maritime insurance, covering goods, aircraft, hull and liability.

| CZ: None other than: Insurance services as defined below may not be purchased abroad. The life insurance of persons with permanent residence in the Czech Republicthe insurance of property on the territory of the Czech Republicthe insurance of liability for loss or damage caused by the activity of natural and legal persons on the territory of the Czech Republic.

2. In the case of an undertaking carrying on life-assurance business only, investment income and charges shall be disclosed in the life-assurance technical account.

They build on the Second non-Life Insurance Directive, which came into force on 1 July 1990, and which ensures free provision of services for "large risk" non-life insurance; and on the Second Life Insurance Directive which enters into force on 20 May 1993, and which will ensure free provision of services for "own initiative" life insurance and for group insurance.

Still in the field of insurance, the Commission has decided to close seven infringement procedures against Greece following the notification of national transposition measures for Directives 88/357/EEC (2nd Non-Life Insurance Directive), 90/618/EEC (freedom to provide motor civil liability insurance services), 90/619 (2nd Life Assurance Directive), 91/371 (Directive implementing of the non-life insurance Agreement between the EC and Switzerland), 91/674 (annual accounts and consolidated accounts of insurance companies), 92/49 (3rd Non-Life Insurance Directive) and 92/96 (3rd Life Assurance Directive).

In view of the particular importance of an adequate protection for life policyholders a number of additional measures will be introduced as compared to non-life insurance: - the home state can ask for systematic notification of the bases used for the calculation of premiums and technical provisions; - an early warning procedure is foreseen where a host state has reason to suspect that the activities of a company operating on its territory endanger its financial solidity; - the cooling-off period, first introduced by the 2nd Life Dir ...[+++]ective for policyholders who entered into a contract through free provisions of services, is now extended to benefit all individual policyholders; - in order to guarantee transparency for consumers in a market with an increasing variety of products, companies will be obliged to set out to each policyholder in clear terms the essential elements of a contract before its conclusion and later when changes occur.