The European single insurance market incorporates the member states of the European Union (EU). The legal framework for [he market was enacted on June 30, 1994. The framework provides, above all, for a closely integrated supervisory (regulatory) system, a single license for the whole market and single home country control. Currently, some signij5-cant obstacles are slowing the realization of the European single insurance market, while several important economic policy and public interest questions remain to be answered.