The Polish Financial Supervision Authority (KNF) has issued a press release to inform about the imposition of a fine of PLN 146,300 on UNIQA Towarzystwo Ubezpieczeń SA for 20 cases of violations of Article 14 of the Act of 22 May 2003 on Compulsory Insurance, Insurance Guarantee Fund and Polish Motor Insurers‘ Bureau. The violations occurred between 2016 and 2017 and involved the refusal of or delay in the payment of legitimate insurance claims.
Other Features
companies
insurance
penalties
Date Published: 2023-07-25
Regulatory Framework: Act of 22 May 2003 on compulsory insurance, the Insurance Fund Guarantee and the Polish Office of Motor Insurer
Regulatory Type: information
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