10As regards, more specifically, the term ‘insurance transactions’, used in Article 13B(a) of the Sixth Directive, which is not defined in that directive, the Court has repeatedly held that the essentials of an insurance transaction are, as generally understood, that the insurer undertakes, in return for prior payment of a premium, to provide the insured, in the event of materialisation of the risk covered, with the service agreed when the contract was concluded (see, in particular, Taksatorringen, paragraph 39 and the case-law cited).
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