Our global specialists advise insurers, reinsurers, intermediaries, brokers and other financial services corporations in this sector on corporate insurance coverage, listings, M&A, regulatory issues, restructuring and insolvency, litigation, capital markets and employment. At Merlin Law Group, our follow is dedicated to representing policyholders and litigating their insurance coverage claims. Particular measures for control and use of the insurance safety fund shall be formulated by the insurance coverage supervision and management authority.
Norelid affords full service assistance in insurance coverage legislation and assists clients in claims handling, policy interpretation, regulatory issues, dispute resolution and more. No funds of an insurance firm could also be employed for the institution of institutions dealing in bonds or securities or for the institution of enterprises apart from insurance firms.
The scope of and particular measures for examination and approval shall be formulated by the insurance coverage supervision and management authority. Article 12 An applicant shall have an insurable curiosity in the subject matter of the insurance. Policy: The contract which outlines what the insurance coverage firm will pay in case of loss.
The insurer means the insurance coverage company, which enters into an insurance contract with an applicant and is obligated to make indemnity or pay insurance coverage benefits. The place an insurer terminates the contract in accordance with the preceding paragraph when the applicant has paid the premiums for two years or more, the insurer shall refund the money worth of the policy in accordance with the contract.