RESTRICTED  WORLD TRADE  
ORGANIZATION  WT/ACC/SPEC/ARM/2/Rev.3/Corr.11 
6 October 1999 
 (99-4190) 
Working Party on the 
Accession of Armenia Original:   English 
 
 
ACCESSION OF ARMENIA 
 
Initial Offer on Services  
 
Corrigendum  
 
 The following text replaces the section entitled:  
- "7. FINANCIAL SERVICES  A. Insurance services" 
 
 on pages 23 and 24 of  WT/ACC/SPEC/ARM/2/Rev.3.  
_______________ 
 
                                                     
 
1 In English only.  
 WT/ACC/SPEC/ARM/2/Rev.3/Corr.1 
Page 2  
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
7.  FINANCIAL SERVICES 
A. Insurance services 
(a) Life insurance services  
(CPC 8121)  (1) Unbound 
(2) None (3) None, except that providers of banking services may not provide 
insurance services. 
(4) Unbound, except as indicated in the horizontal section. (1) Unbound 
(2) None (3) None  
 
(4) Unbound, except as indicated in the horizontal section.  
(b)  Non-life insurance services, 
except marine and aviation transport insurance services (CPC 8129*)  (1) Unbound 
(2) None (3) None, except that providers of banking services may not provide insurance services (4) Unbound, except as indicated in the 
horizontal section. (1) Unbound 
(2) None (3) None   (4) Unbound, except as indicated in the 
horizontal section.  
(b) Marine and aviation transport 
insurance services 
(CPC 81293*)  (1) Unbound until 2004, none as of 
1 January 2005 
(2) None (3) None, except that providers of banking services may not provide insurance services (4) Unbound, except as indicated in the 
horizontal section. (1) None 
(2) None 
(3) None    (4) Unbound, except as indicated in the 
horizontal section.  
(c )  Reinsurance and 
retrocession  
(CPC 81299)  (1) None 
(2) None 
(3) None, except that providers of banking services may not provide insurance services (4) Unbound, except as indicated in the horizontal section. (1) None 
(2) None 
(3) None   (4) Unbound, except as indicated in the horizontal section.   
  WT/ACC/SPEC/ARM/2/Rev.3/Corr.1
 Page 3Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(d)  Insurance intermediation, 
such as brokerage and agency 
(CPC 81401) 
 (1) Unbound 
(2) None 
(3) None, except that providers of 
banking services may not provide insurance services (4)  Unbound, except as indicated in the 
horizontal section. (1) Unbound 
(2) None 
(3) None 
  (4) Unbound, except as indicated in the horizontal section.  
(e)  Services auxiliary to 
insurance, such as consultancy, actuarial, risk assessment and 
claim settlement services (CPC 
8140*)  (1) Unbound 
(2) None (3) None, except that providers of 
banking services may not provide 
insurance services (4)  Unbound, except as indicated in the horizontal section. (1) Unbound 
(2) None (3) None 
 
 (4) Unbound, except as indicated in the horizontal section.  
 
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