Regulatory Alerts2024-12-05
Order on Member Liability in Mutual Insurance Companies Participating in Co-insurance
The Danish Financial Supervisory Authority issued this order to allow mutual insurance companies participating in co-insurance pools to amend their articles of association to exempt members from liability for the company's obligations. The regulation explicitly repeals the previous Order No. 113 of 12 March 1993 regarding member liability in such contexts. It enters into force on 1 January 2025, thereby updating the legal framework for mutual insurer liability structures.
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