KNF has imposed a fine on TUZ Towarzystwo Ubezpieczeń Wzajemnych in the amount of PLN 200.000 for the following:
– failure to submit end-of-year and solvency and financial condition reports (SFCR) to KNF for 2020 within 14 weeks of year-end
– failure to disclose the financial condition report (SFCR) to KNF for 2020 within 14 weeks of year-end
– failure to implement control procedures to ensure a timely submission and disclosure of the financial condition report (SFCR)
Other Features
disclosure
insurance
penalties
regulatory
reporting
Date Published: 2023-12-19
Regulatory Framework: Act of 11 September 2015 on insurance and reinsurance activity
Regulatory Type: information
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