Regulatory Alerts2018-09-27
Regulation of the Financial Market Authority on Information Requirements for Health Insurance (KV-InfoV)
The Austrian Financial Market Authority issued the KV-InfoV to stipulate minimum pre-contractual and continuous information obligations for health insurance undertakings. The regulation mandates that insurers disclose specific details regarding insured risks, exclusions, premium adjustment conditions, and the economic consequences of contract termination. These requirements apply to contracts concluded after June 30, 2016, with certain provisions extended to existing policies following amendments effective in October 2018.
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