Regulatory Alerts2025-11-18
Act on a Terror Insurance Scheme in the Property Insurance Sector
The Danish Ministry of Industry and Business issued this Act to establish a state-backed terror insurance scheme for property damage caused by nuclear, biological, chemical, or radioactive (NBCR) attacks. The legislation mandates that participating property insurers process claims and collect a 5% surcharge on relevant policies to finance the scheme through a state re-lending facility. The Terror Insurance Council oversees the activation of the scheme, supervises insurer compliance, and manages the distribution of compensation within the established financial limits.
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