EIOPA · 1813

1813

Regulation
(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article
130
Submitted
2019-06-13
Answered
2019-09-13

Question

Which line of business should insurance covering an offshore wind farm be assigned to? If the wind farm can be classfied as a vessel, then it would appear the Marine, aviation and transport insurance line of business is most appropriate. Is this interpretation correct? We note that oil and gas offshore platforms are specifically mentioned in Article 130 (3) and so are assigned to the Marine, aviation and transport insurance line of business. This implies that a platform, which has many charactersitics in common with an offshore wind turbine, is classified as a vessel.

Answer

Please refer to Q&A 1451 of 06-May-19.

This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

Similar Q&As

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

14-day free trial. No credit card required.