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S.L. 403.25 · Insurance Business (Protection And (S.L. 403.25)

S.L. 403.25 Art. 32Compensation or denial of liability.

PART IV

In KraftAmtlicher Text

(1) With regards to a claim that has also been received by the Protection and Compensation Fund, an insurer subject to winding up proceedings or any other equivalent proceedings, or the administrator or the liquidator of the said insurer shall inform the Protection and Compensation Fund in a timely manner, where the said insurer, or their respective administrator or liquidator compensates or denies liability.

(2) With regards to a claim that has also been received by the Protection and Compensation Fund, an insurer subject to winding up proceedings or the administrator or the liquidator of the said insurer, or any other equivalent proceedings, the said insurer, the administrator or the liquidator of the said insurer shall inform the respective European compensation body in a timely manner where the said insurer compensates or denies liability.

(3) With regards to a claim that has also been received by the Protection and Compensation Fund, a European insurance undertaking subject to bankruptcy proceedings, winding up proceedings or any other equivalent proceedings, the said European insurance undertaking, the administrator or the liquidator of the said undertaking COMPENSATION FUND)

shall inform the Protection and Compensation Fund where it compensates or denies liability of a claim.