Specific information to policyholders and thirdparties
Due to the bankruptcy, certain rights under your insurance policy and your insurance cover have changed.
Termination of the insurance policies
All questions concerning existing insurance contracts are governed by the Danish Insurance Contract Act.
This entails that all existing insurance policies will terminate automatically three months after the notice of the bankruptcy decree in the Danish Official Gazette. The bankruptcy decree has been noticed the 28 December 2018. Therefore, all insurances will terminate/end automatically after the expiry of the 28 March 2019.
Please be aware of that your insurance is valid until the expiry of the 28 March 2019.
Insurance policies that expire naturally before cannot be renewed, and any auto-renewal provisions have no effect. Furthermore, no adjustments in the coverage of the insurance can be made, e.g. increasing of risk.
Guarantee Funds
All insurances in Qudos Insurance A/S will terminate automatically three months after the notice of the bankruptcy decree, i.e. after the expiry of the 28 March 2019. Therefore, all insurance policies will be valid until the 28 March 2019.
In a number of cases, you may receive return premium and compensation for claims, if any, under a national guarantee fund or the Danish Guarantee Fund. Please be aware of that certain guarantee funds only provide compensation for claims in a limited period.
The bankruptcy estate is currently in contact with the Danish Guarantee Fund about the further claims handling. For further information about the coverage of the Danish Guarantee Fund, go to the site “The Danish Guarantee Fund”.
Furthermore, the bankruptcy estate is in contact with other local guarantee funds. We will update the website immediately, when we have further information.