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The protection of policyholders

The protection of policyholders

The protection of policyholders

Polish Financial Supervision Authority

Supervision over insurance and reinsurance undertakings that pursue activity in the territory of the Republic of Poland and over insurance intermediaries is exercised by the Polish Financial Supervisory Authority.
More information on the supervision on insurance sector you can find on section „Financial Supervision" and on the website the Polish Financial Supervision Authority (link opens a new window in another webside).

The Insurance Guarantee Fund

The Insurance Guarantee Fund is an institution operating under the provisions of the Act on compulsory insurance, the Insurance Guarantee Fund and the Polish Motor Insurers' Bureau and the Fund's statute.
The Fund's tasks shall include meeting claims arising from the compulsory TPL insurance of motor vehicles owners and the compulsory TPL insurance of farmers for damages on the territory of the Republic of Poland causing:

  • personal injury in circumstances substantiating the motor vehicle owner's or driver's civil liability, but their identity have not be determined,
  • property and personal damage when the motor vehicle owner or the farmer were not covered by the compulsory TPL insurance.

The Insurance Guarantee Fund is responsible for controlling methods of the execution of the legal obligation to conclude the compulsory TPL insurance contracts of motor vehicles holders and the compulsory TPL insurance of farmers, as well as for enforcement of fees from those that not meet this legal obligation.

Moreover, in case of bankruptcy of insurance company, the Insurance Guarantee Fund is obliged to satisfy claims arising from the compulsory insurance:

  • TPL of motor vehicles owners,
  • TPL of farmers,
  • farm buildings,
  • particular professions (for instance: notaries, tax advisors), as well as from life insurance in the amount of 50% of the liability (no more than the equivalent of the amount of 30 000 EURO in PLN).

 
The Insurance Guarantee Fund is also the information center for the purposes of register of :

  • concluded compulsory TPL insurance contracts of motor vehicles owners and auto-casco insurance,
  • participants of the events resulting in liability of insurance company arising from concluded compulsory TPL insurance contracts of motor vehicles owners,
  • events resulting in liability of insurance company arising from concluded auto-casco insurance contracts.

The Insurance Guarantee Fund is subject to the supervision of the Minister competent for financial institutions.
For more information about the objectives and tasks of the Insurance Guarantee Fund please visit the website the Insurance Guarantee Fund (link opens a new window in another website).


The Polish Motor Insurers' Bureau

The Polish Motor Insurers' Bureau associates insurance companies, which provide the compulsory TPL insurance of motor vehicles owners against any damage resulting from driving these vehicles outside the territory of the Republic of Poland.

The Polish Motor Insurers' Bureau is obliged to:

  • issue insurance documents that are valid in other countries,
  • conclude agreements with its foreign national bureaus on mutual recognition of insurance documents and on meeting claims arising from international movement of motor vehicles,
  • organize claim settlement or direct settlement of claims on the territory of the Republic of Poland caused by the motor vehicles owners being registered abroad, possessing the valid insurance documents issued by foreign national bureaus.

For more information about the objectives and tasks of the Polish Motor Insurers' Bureau please visit the website Polish Motor Insurers' Bureau (link opens a new window in another website).



 

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