Regulatory Alerts2019-09-30
Regulation on Liquidation of Insurers
The Central Bank of the Republic of Kosovo issued this regulation to establish comprehensive criteria and procedures for the voluntary and mandatory liquidation of licensed life and non-life insurers. The framework mandates regulatory approval for liquidation requests, defines the appointment and extensive powers of liquidators, and sets strict timelines for insurance portfolio transfers and creditor claim submissions. By suspending existing board authorities and prioritizing policyholder protection, the regulation ensures orderly asset realization, transparent property sales, and sustained financial stability during the wind-down process.
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