Regulatory Alerts2024-12-05
Order on Minimum Conditions for Insurance Companies Writing Building Fire Insurance
The Danish Financial Supervisory Authority issued this order to establish minimum coverage requirements for building fire insurance policies covering structures located in Denmark. The regulation mandates that policies must cover specific perils such as fire, explosion, and aircraft impact, while explicitly excluding war-related damages, and prohibits contractual waivers that harm registered property rights. Violations of these coverage standards are subject to fines, and the order replaces previous regulations effective January 1, 2025.
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