Post by account_disabled on Nov 6, 2023 5:28:38 GMT
Policy deposits were presented as a safe way of investing, emphasizing only its advantages, but omitting the aspect of possible risk and high liquidation fees. How to withdraw from a policy deposit? What steps should you take if you are one of the people who decided to take out a solo deposit policy and encounter difficulties in recovering the money? Contact the Office of Competition and Consumer Protection, which will assess your legal situation and analyze the concluded contract. Filing a complaint about the contract with the insurer.
In addition to the application for termination of the insurance policy, it is also worth including a request for philippines photo editor the refund of paid premiums and the issuance of insurance documents. If the previous step is unsuccessful, you should file a lawsuit and pursue your claims in court. If the court decides in your favor, it is possible to recover all the money invested. You can also get compensation. Mostly, court decisions are favorable to consumers. The insurance policy contracts were formulated in a way that was often incomprehensible and complicated for an ordinary citizen. Written in formal, legal language and not providing enough information about the instrument. This was a premise for declaring these contracts invalid.
Limitation of the liquidation fee deadline An important issue that should be mentioned is the change in the regulations regarding the limitation period for the liquidation fee. When filing a complaint about the contract with the insurer, consumers often receive the answer that the possibility of making claims expires after years. They refer to Art. ยง of the Civil Code. However, there is a certain inconsistency here, which was pointed out by the Supreme Court - the provision applies only to the insurance contract, not to the insurance policy, so it does not apply in this situation.
In addition to the application for termination of the insurance policy, it is also worth including a request for philippines photo editor the refund of paid premiums and the issuance of insurance documents. If the previous step is unsuccessful, you should file a lawsuit and pursue your claims in court. If the court decides in your favor, it is possible to recover all the money invested. You can also get compensation. Mostly, court decisions are favorable to consumers. The insurance policy contracts were formulated in a way that was often incomprehensible and complicated for an ordinary citizen. Written in formal, legal language and not providing enough information about the instrument. This was a premise for declaring these contracts invalid.
Limitation of the liquidation fee deadline An important issue that should be mentioned is the change in the regulations regarding the limitation period for the liquidation fee. When filing a complaint about the contract with the insurer, consumers often receive the answer that the possibility of making claims expires after years. They refer to Art. ยง of the Civil Code. However, there is a certain inconsistency here, which was pointed out by the Supreme Court - the provision applies only to the insurance contract, not to the insurance policy, so it does not apply in this situation.