2019-10-07
Added · Updated
Insurers must obtain prior consent from De Nederlandsche Bank (DNB) to transfer portfolios or execute mergers and demergers resulting in portfolio transfers. For life insurance, DNB grants consent unless one quarter or more of policyholders object within 30 days of publication. For non-life insurance, policyholders may terminate contracts within three months of the transfer decision and receive reimbursement for advance premiums.