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the special conditions and technical principles of the insurance to the
detriment of the insured; and shall not apply supplementary contributions
due to the occurrence of diseases.
Amendment of Plan and Transaction Operations.
Pursuant to
Article 9 of the Regulation, it is possible to propose an amendment of
plan to the insurance company. If the request for the amendment of plan is
not approved by the insurance company, commitments under the current
contract of insurance shall continue. Furthermore, the insured may request
the transfer of all acquired rights and obligations to another insurance
company and the continuation of the insurance contract with the latter. In
such a case, the relevant transfer shall be realized upon approval pursuant
to the terms and conditions of the new insurance company.
Cancellation of the Insurance Contract.
Cancellation of the contract
is addressed under Article 10 of the Regulation. As per the relevant
Article,
“in case the insured or the insurer
requests cancellation of the
contract within the first thirty days from the conclusion of the contract
and in case there is no payment of indemnities during the related period,
paid contributions shall be returned without any deduction within five
business days. If there is a request of cancellation after the first thirty
days, unmerited contributions shall be returned according to the special
conditions of the insurance contract.”
Conclusion
Consequently, it is worth mentioning that this Regulation signifies
important progress and clarifies the rules for private health insurance.
Particularly, the rules in the Regulation related to the lifetime renewal
guarantee constitute a positive development for persons who seek private
health insurance.