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Results: 1-10 of 14

KNF questions reinsurance contracts from non-EU reinsurers

  • CMS Cameron McKenna
  • -
  • Poland
  • -
  • March 22 2013

KNF, Poland's Financial Supervisory Authority, has issued a reminder that any company from outside the EU may only conduct reinsurance activities in

Poland: insurance ombudsman questions legality of unit-linked assurance and endowment

  • CMS Cameron McKenna
  • -
  • Poland
  • -
  • December 12 2012

The lawfulness of unit-linked life assurance products and endowment products offered in Poland has been questioned by the Insurance Ombudsman, on the grounds that the investment element prevails over the insurance element

KNF recommends dividend policy for insurance companies

  • CMS Cameron McKenna
  • -
  • Poland
  • -
  • December 3 2012

New recommendation on dividends for banks, insurance companies, mutual funds, pension funds and brokerage houses were published by the KNF, Poland’s financial supervision authority

Draft law to ban gender-related pricing of insurance

  • CMS Cameron McKenna
  • -
  • Poland
  • -
  • November 29 2012

Draft legislation to ban the use of gender as a factor in calculating insurance premiums and benefits is on course to becoming law from 21 December 2012

Early surrender charge upheld by Court of Appeal

  • CMS Cameron McKenna
  • -
  • Poland
  • -
  • July 16 2012

Insurance companies may, as a general rule, charge policyholders for early surrender of their investment as long as the amount charged is justified by the costs involved

The most important rulings of the Supreme Court

  • Schoenherr
  • -
  • Poland
  • -
  • April 16 2012

In its resolution dated 14 February 2012, issued in the case with file no. III PZP 511, the Polish Supreme Court determined the legal effects triggered by an employee’s terminating a definite-term employment agreement concluded for more than six months, when the agreement does not stipulate a possibility of early termination

Bancassurance under regulators' scrutiny

  • CMS Cameron McKenna
  • -
  • Poland
  • -
  • February 22 2012

On 21 February 2012, the Chairman of the Polish Financial Supervision Commission (“KNF”) sent a letter on bancassurance to the management boards of all insurance companies and banks in Poland

Authority issues 'staggering' fines for collusion in insurance market

  • Sołtysiński Kawecki & Szlęzak
  • -
  • Poland
  • -
  • February 16 2012

The Competition Authority has fined a leading insurer, Powszechny Zaklad Ubezpieczen SA (PZU), and insurance broker Maximus for alleged market collusion

Changes to motor insurance laws

  • CMS Cameron McKenna
  • -
  • Poland
  • -
  • November 23 2011

Changes to motor insurance laws are being introduced on 14 October 2011, 1 January 2012 and 11 February 2012

Insurers fined by regulators

  • CMS Cameron McKenna
  • -
  • Poland
  • -
  • November 17 2011

On 8 November 2011 the insurance company TUW SKOK has been fined PLN 500,000 (c. 114,000) by KNF, Poland’s Financial Supervision Authority, because its prices were too low

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