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Protection of Mandatory funded pensions : For pension contract holders : Contracts not guaranteed
Contracts not guaranteed
Transfer of a insurer’s pension contract to another insurer is not supported for the account of the Annuity Protection Sectoral Fund if the insurer who entered into the pension contract was one of the following at the time the events and situation that caused the need for support (annulment of the insurer’s activity license, establishment of a special regime for the insurer or declaration of the insurer’s bankruptcy) occurred:
1) member of the management board or supervisory board or the auditor of the insurer whose insurance portfolio is assigned;
2) the spouse of a person specified in clause 1 of this section;
3) member of the management board or supervisory board or spouse of the member of the management board or supervisory board of the parent company of the insurer whose insurance portfolio is transferred.
2) the spouse of a person specified in clause 1 of this section;
3) member of the management board or supervisory board or spouse of the member of the management board or supervisory board of the parent company of the insurer whose insurance portfolio is transferred.
