Regulatory Alerts2018-09-27
Information Requirements Regulation for Health Insurance (KV-InfoV)
The Austrian Financial Market Authority issued the Information Requirements Regulation for Health Insurance (KV-InfoV) to standardize pre-contractual and continuous disclosure obligations for health insurance undertakings. Policyholders must receive clear statements detailing insured risks, applicable waiting periods, statutory and individual exclusions, appeal rights, and the financial consequences of contract termination. The regulation further mandates transparent reporting on unilateral premium adjustments, requiring disclosure of five-year tariff history and highlighting how continuous adjustments may significantly increase premiums during the contract term.
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