San Marino. San Marino insurance company, communication within 60 days on credit amounts
Within 60 days from the commencement of the compulsory administrative liquidation procedure, the policyholders of the San Marino insurance company will receive a communication certifying the amounts recognized to their credit and the financial instruments to be returned.
“The San Marino insurance company SpA – CSA in compulsory administrative liquidation informs all policyholders that they will be sent, within 60 days from the start of the lca procedure, a communication pursuant to art. 90 of the law n. 165 of 17 November 2005 and subsequent amendments (Lisf), certifying the amounts recognized to their credit, as well as the financial instruments to be returned.
On this occasion, it is specified that:
– in favor of TCM policy holders (temporary death cases ‘San Marino Vita’ and ‘San Marino Vita Mutuo Protetto’), the company continues to guarantee insurance coverage until the 60th day following the date of publication of the LCA provision on the official bulletin, that is until next August 26 and will return the part of the premium paid and not enjoyed to the contracting parties after that date;
– for the revaluable policies falling within Class I (“San Marino Flex” and “San Marino Pensione”) the continuity of the insurance coverage will be guaranteed even beyond next August 26th through a system operation;
– for the policies of Branch III relating to dedicated contracts (“San Marino Private Insurance”, similarly to the Tcm, insurance coverage will be guaranteed until next August 26, proceeding with the return to the policyholders of the liquid sums and any related non-liquidable securities to individual dedicated funds “.
San Marino insurance company SpA in lca
The liquidator