Legal framework

The legal framework regulating the functioning of the Policyholders Guarantee Fund is provided by the following legislation:

Law no. 213/2015 on Policyholders Guarantee Fund;

Norm no.24/2019 on Policyholders Guarantee Fund;

Law no. 503/2004 on financial recovery, bankruptcy, dissolution and voluntary liquidation in insurance activity, republished, with subsequent amendments;

Law no. 85/2014 on insolvency prevention procedures and insolvency;

Law no. 136/1995 on insurance and reinsurance in Romania, with subsequent amendments;

– Civil Code – (Law no. 287/2009, republished).

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