Regulatory Alerts2024-12-06
Order on Information Regarding Fees and Other Costs for Insurance Companies
Issued by the Danish Ministry of Industry, Business and Financial Affairs, this Order mandates that insurance companies clearly disclose fee structures and total pricing in marketing materials to consumers. It requires transparent reporting of organized discounts on company websites and establishes supervisory powers for the Danish Financial Supervisory Authority to enforce compliance. The regulation, which repeals the 2014 version, enters into force on January 1, 2025, with violations subject to fines and corporate criminal liability.
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