OBS_VALUE: EEA insurance undertakings are allowed to directly carry out insurance operations in the territory of Slovenia; non-EEA undertakings must open a branch or subsidiary.Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance establishes that EEA insurers may provide cross-border banking services into other EEA countries. However, whether commercial presence is required or not for non-EEA firms depends on national law. For the conditions of the establishment of branches of non-EEA firms in a Member States, please see Article 162 of the EU Directive.