Regulatory Alerts2025-11-11 | 54/1Added · Updated
Decision on the Preliminary Application Submitted by IM CA GRAWE CARAT ASIGURARI SA Regarding the Contestation of CNPF Decision No. 47/5
The National Financial Market Commission (CNPF) issued Decision No. 54/1 rejecting the preliminary application filed by insurance company GRAWE CARAT ASIGURARI SA, which sought to annul CNPF Decision No. 47/5. The Commission upheld the finding that the insurer violated insurance legislation by applying a proportional reduction clause to a claim without including it in the specific insurance policy, thereby failing to pay the full assessed damage amount. The decision confirms the insurer's obligation to regularize the claim file in accordance with the Civil Code and mandates compliance with transparency requirements for future contracts.
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