Art. 1, c. 1, lett. w-bis) del TUF: (Financial and Insurance Products)
‟financial products issued by insurance companies: the policies and operations referred to in the sectors on Life III and V according to Article 2, Subsection 1, of the Legislative Decree No. 209 of 7th September 2005, with the exclusion of individual pension schemes according to Article 13, Subsection 1, paragraph b), of Legislative Decree No. 252 of 5th December 2005„
JURISDICTION OF CONSOB AND IVASS
Life insurance products in Class III (unit and index linked) and V (capitalization transactions), from a legal and economic point of view, are therefore considered financial products issued by insurance companies.