The Wft and the related secondary legislation impose requirements on insurers with respect to the following issues (this is not an exhaustive list):
the trustworthiness of the persons who determine policy
the expertise of the persons who determine policy
minimum regulatory own funds
The requirements have been elaborated in secondary legislation and relate to all sorts of operational, technical and financial aspects of the business. The provisions in the secondary legislation take account of the various risks involved, as well as differences in the nature, size and complexity of insurers. For health insurers implementing the Health Insurance Act (Zorgverzekeringswet) specific rules apply for calculating the solvency requirement. The requirements as elaborated largely arise from the international harmonisation of supervisory requirements, often through the implementation of EU directives in Dutch primary and secondary legislation.