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Specialty Group: Insurance Law

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4 Key Considerations for Financial Institutions Facing a Surge in Lender-Placed Insurance

Over the past decade, lender-placed insurance programs have usually been an afterthought for financial institutions: Delinquency rates on real estate loans were at historic lows1 and borrowers could easily obtain afforda ...

New Reporting Obligations to ASF

Further to the previous EAbrief on public consultation no. 5/2023 of 12 April 2023, the Insurance and Pension Funds Supervisory Authority (ASF) approved, on 11 July 2023, ASF Regulatory Standards no. 4/2023-R and 5/2023 ...

Motor Insurance Label

On July 11, 2023, Law No. 32/2023, of July 10, entered into force, by which the obligation to display the motor vehicle insurance label is ended. The new rules state that supporting documents for motor insurance can be ...

Legal Entity Identifier (LEI)

The Insurance and Pension Funds Supervisory Authority (ASF) has submitted for public consultation a Draft Regulatory Standard on the use of the legal entity identifier (LEI), which incorporates into ASF's regulatory fram ...

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