Insurance undertaking

Apra Leven NV

Address:

Branch office at:

Date, entry into force and nature of the decision

4 March 2011, pursuant to Article 26 § 1 subpara. (2) No 2 of the Act of 9 July 1975, decision taken by the management committee of the Commission for Banking, Finance and Insurance (CFBA) to suspend all current insurance agreements with the exception of the payment of advances (a) on interest payments or (b) on insurance benefits which the insurance undertaking owes to policyholders or beneficiaries in connection with the execution of an insurance contract which has matured and — in the cases mentioned under both (a) and (b) — provided that all premiums have been paid.

The decision takes immediate effect.

Competent bodies

Supervisory authority

Administrator appointed

N/A

Applicable law

Belgian law — Article 26 § 1 subpara. (2) No 2 of the Act of 9 July 1975

Period allowed for appeal

This decision is an administrative legal act against which an appeal for annulment may be submitted to the Council of State. Pursuant to the Regent's Decree of 23 August 1948 regulating the accelerated procedure in the event of an appeal to the Council of State against certain decisions taken by the Commission for Banking, Finance and Insurance, the appeal must, on pain of forfeiture, be submitted by registered letter to the Council of State (Wetenschapstraat 33, 1040 Brussels, Belgium) within 60 days of the date upon which the decision was published.

An application for suspension of the decision may also be submitted to the Council of State. Such an application must contain a statement of defence and of the facts and must be submitted to the Council of State with the same document as was used for submitting the application for annulment.

In the case of persons resident in another Member State, the period allowed for submitting an appeal begins to run on the date of publication in the Official Journal of the European Union.