Events listed in Insurance Business Act
Legal positions
ID 25469
The Swedish financial market regulator, Finansinspektionen (FI), has issued a legal position (2023:1) with respect to the practice of offering insurance coverage for fines and administrative sanction fees resulting from non-compliance with regulatory requirements or criminal offenses. In this position, FI notes that providing such insurance is NOT in line with good insurance business practices as outlined in the Insurance Business Act. The regulator ...