In this monograph, the attempt has been made to design micro law reform suggestion which are better aligned with the objectives of Solvency II; the business model characteristics of insurance undertakings specifically; and the market in which insurance undertakings operate in general. For this reason, before the methodological trashing accompanied by gynealogy with the aim to conduct a micro law reform design in concern to the ideology of Solvency II can be embarked upon, the second chapter of the second part of this monograph deals with 6 preliminary topics: 1. What solvency exactly is 2. Why insurance undertakings are controlled by law 3. What insurance undertakings are 4. What kind of business insurance undertaking engage in 5. What kind of business model characteristics insurance undertakings have (that differentiate them from other financial undertakings) 6. What kind of market insurance undertakings operate in