THE COMPULSORY INSURANCE STRUCTURE THAT THE ASSOCIATION STANDS FOR...

50. The compulsory insurance structure that the Association stands for, in the opinion of ACM, to the extent that

they can, based on the information available at this time and context, suitable to restrict competition. By requiring

all existing fire insurances to expand with flood coverage, insurers themselves cannot fully compete in the

composition of their proposal.

They cannot independently determine whether or not to offer flood coverage and in what form they want to offer it,

i.e. essentially supply constraints by the insurance arrangement, the space on the market for the provision of single

flood insurance significantly reduced. Hereby the market is foreclosed to parties that offer such a product (like).

Insurers obtain this requirement also ensures that other insurers

ill not meet any customer demand for fire

insurance without flood coverage or to a separate flood coverage.