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English
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:
2015-04-30
Group Insurance Contracts vs. Recommendation "U" of the Polish Financial Supervision Authority
Jacek M. Kowalski
Elżbieta M. Kowalska
Abstract
The aim of this paper is to contribute to a better understanding of the key terms of group insurance contracts which banks offer to mortgage debtors. It is generally agreed that the existing rules, laid out in the Civil Code, do not guarantee sufficient protection, notably for these market participants. In an attempt to address this issue, in December 2013, the Polish Financial Supervision Authority (KNF) proposed Recommendation "U" (a draft) concerning good practices in domestic bancassurance, which is supposed to ensure that the market operates properly and that all of its participants are better protected. The paper deals with both theoretical and practical aspects of this recommendation, looking through the prism of the effects that similar regulations, introduced by the FSA, have had in the United Kingdom.(original abstract)Keywords:
Bancassurance, Group insurance, Financial market supervisionMost read articles by the same author(s)
- Jacek M. Kowalski, Domestic Money Market Funds during the Credit Crunch , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 35 (2011)
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Kowalski, J. M., & Kowalska, E. M. (2015). Group Insurance Contracts vs. Recommendation "U" of the Polish Financial Supervision Authority. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 59(2). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/999