Summary
These Governance Principles, referred to as ‘the Code’, were drafted by the ‘Dutch Association of Insurers’ (Verbond van Verzekeraars, also referred to as ‘the Association’), in addition to the ‘Code of Conduct for Insurers’ (Gedragscode Verzekeraars) drafted in 2002. The Code is consistent with the basic tenets of the Banking Code (Code Banken) drafted by the ‘Dutch Banking Association’ (Nederlandse Vereniging van Banken). The Code applies to all insurers that hold a licence granted under the ‘Financial Supervision Act’ (Wet op het financieel toezicht (Wft)).