The Polish Financial Supervision Authority, KNF, has published a press release to inform that on 25. August 2023 it made a decision to fine Link4 Towarzystwo Ubezpieczeń SA as a result of a late payment of compensation or refusal to pay compensation. The insurance company was fined the amount of PLN 58.900 for late or lack of compensation payments in 2019. Specifically, it violated Article 14(1) and (3) of the Act on insurance mediation in six cases.
Other Features
penalties
Date Published: 2023-09-13
Regulatory Framework: Act of 22 May 2003 on insurance mediation
Regulatory Type: information
Uchwała KNF ws. określenia zasad wyboru firmy inwestycyjnej
ID 26539
Where a company loses its authorization to provide broker services, KNF requests that all ...
Działalność w modelu „family office”
ID 26462
Since 2019, KNF has observed a spike in the number of firms calling themselves „fami ...
Nowa sprawozdawczość funduszy TFI i funduszy inwestycyjnych
ID 26421
Starting 1 January 2024, there will be changes to reporting and disclosure obligations the ...
WSA oddalił skargę Prosper Capital DM SA na decyzję KNF
ID 26419
Following KNF’s imposition of a fine on Prosper Capital Dom Maklerski SA in March 20 ...