“• The Portuguese insurance industry is regulated by the ASF.
• Composite Insurance is not permitted in Portugal.
• The Portuguese FDI regime allows up to 100% foreign participation in domestic insurance companies.
• Non-admitted insurance is not permitted. However, insurers from EU member states can operate either directly or through a branch, on the basis of freedom to provide services.
• Compulsory classes of insurance include motor third-party liability insurance and workmen’s compensation insurance.”
