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Debat

Legal framework for the Guarantee Fund

Legislation

The Guarantee Fund was established by 'The Guarantee Fund for Non-life Insurers Act' which took effect on 1 October 2003.

 

Acts

 

The Acts currently in force:

  • The Guarantee Fund for Non-life Insurers Act (no. 2067 of 12 November 2021). (In danish only)

 

  • Section 1 of Amendment of The Guarantee Fund for Non-life Insurers Act (no. 480 of 12 May 2023). (In danish only)

 

  • Section 339 of the Insurance Activity Act (no. 718 of 13 June 2023). (In danish only)

 

  • Section 3 of Amendment of The Guarantee Fund for Non-life Insurers Act (no. 1546 of 12 December 2023). (In danish only)

 

  • Section 10 of Amendment of The Guarantee Fund for Non-life Insurers Act (no. 481 of 22 May 2024). (In danish only)

 

 

Executive orders

The executive orders currently in force: 

 

  • Executive order on amendment of executive order on good practice for financial business (new notification obligations for non-life insurance companies, including branches of foreign Non-life insurance companies, when marketing Non-life insurance agreements to consumers) (no. 484 of 16 May 2017). (In danish only)

 

  • Executive order on contributions to the Guarantee Fund for Non-Life Insurance Companies (no. 511 of 24 May 2024). (In danish only)

 

 

Greenland

  • Decree for entry into force for Greenland of the Guarantee Fund for Non-life Insurance Companies Act (no. 685 of 28 June 2008). (In danish only)

 

  • Decree for entry into force for Greenland of Amendments of the Guarantee Fund for Non-life Insurance Companies Act (no. 857 of 26 June 2024). (In danish only)

 

  • Executive order for Greenland on contributions to the Guarantee Fund for Non-life Insurance Companies (no. 862 of 19 June 2024). (In danish only)

 

 

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