Insurance Law
We assist insurers, reinsurers, insurance intermediaries, commercial companies and private individuals in all key matters of insurance law. We provide legal support on regulatory and licensing matters, the registration and operation of intermediaries, the conclusion, interpretation, amendment and termination of insurance contracts, as well as in connection with insured events, claims for insurance indemnity and disputes with insurers.
We provide legal assistance in obtaining licences for insurance or reinsurance activity, in matters relating to changes in the status of an insurer or reinsurer, and in procedures for extending the scope of an already issued licence. We also assist in matters related to carrying out activity in another Member State of the European Union or in a third country, as well as in the establishment and conduct of business in Bulgaria by foreign insurers and reinsurers. We advise on matters concerning internal control systems, regulatory requirements applicable to the activity, and the legal structuring of procedures for the transfer of an insurance portfolio or other insurance activity.
We assist natural and legal persons in matters related to the registration and activity of insurance brokers and insurance agents. We prepare the required documentation and represent clients before the Financial Supervision Commission in registration procedures, changes of registered circumstances and other related proceedings. We also assist in appeals against refusals and in ongoing legal matters related to the activity, liability and compliance of intermediaries with statutory requirements.
We advise on matters related to the conclusion, amendment, termination and interpretation of insurance contracts. We carry out legal analysis of pre-contractual information, general terms and conditions, exclusions from coverage, the obligations of the parties and the applicable rules in the event of an insured occurrence. We assist both private and corporate clients in assessing the scope of insurance coverage and in disputes concerning rights and obligations under property insurance contracts, liability insurance and other types of insurance relationships.
We provide legal assistance in the event of an insured occurrence, as well as in the assertion, defence and challenge of claims for insurance indemnity. We assist in the out-of-court settlement of disputes with insurers, including the preparation and submission of claims, negotiations, settlement discussions and challenges against refusals or partially paid indemnities. Where necessary, we also provide representation in court disputes related to insurance indemnities, the interpretation and performance of insurance contracts, caused damages, the scope of coverage and other insurance law matters. We act in disputes involving injured parties and insured persons, as well as in matters concerning companies, institutional clients and other participants in insurance relationships.
- you are planning to apply for a licence for insurance or reinsurance activity;
- you wish to register an insurance broker or insurance agent;
- you need a legal assessment of an insurance contract, general terms or scope of coverage;
- an insured event has occurred and a claim for indemnity must be submitted;
- an insurer has refused payment or has paid an indemnity in a lower amount;
- there is a dispute regarding rights and obligations under an insurance contract;
- you are seeking an out-of-court settlement of a dispute with an insurer;
- you need court representation in a dispute related to an insurance indemnity or insurance relationship.
Contact us for timely legal advice and professional assistance with your matter.
