Insurance Law

We closely monitor the developments on the insurance market and actively participate in change processes.

Members of our team have consulted the public authorities on the drafting of the Bulgarian Insurance Code as well as on its subsequent amendments and addenda.

The services we offer in the field of insurance and reinsurance include legal advice and the execution of relevant documents related to the:

  • Incorporation, licensing and restructuring of insurers and reinsurers
  • Liquidation, insolvency, termination of insurers and reinsurers/li>
  • Licensing of insurance brokers
  • Drafting of Terms & Conditions of insurance products, standard insurance contracts and other documentation related to the provision of insurance
  • Rules and contracts related to the distribution of insurance products by insurance agents and brokers
  • Investing of insurance reserves
  • Transfer of insurance portfolios
  • Representation of insurers before supervisory bodies
  • Representation and mediation with respect to claims settlement for all insurance contract types
  • Provision of services by EU insurers acting in Bulgaria based on the Freedom of Services

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