Astra branch office: letter to all policyholders regarding ending the contract by mutual agreement

Budapest, 14 September 2015 – Policyholders of the Romanian Astra Insurance Company will have the possibility to end their contracts by mutual agreement by signing and returning the agreement sent via post from the branch office in the following days. The method for settling third-party liability insurance contract (TPL) claims faster without technical difficulties directly in Hungarian will be stated by the MNB this week.

The Astra branch office has informed the Magyar Nemzeti Bank (MNB) that in the following days the Romanian Societatea Comerciala de Asigurare-Reasigurare Astra S.A. Insurance Company (Astra Insurance Company) will send a letter to all Hungarian policyholders about the possibility of ending their contracts by mutual agreement. The materials will contain an agreement signed by Astra Branch office, dated 30 September 2015, terminating the currently valid insurance contract by mutual agreement.

If the policyholder agrees, he or she should sign the agreement and return it via post or as a scanned attachment of an e-mail to one of the contacts indicated by the Astra branch office in the letter as soon as possible. The mutual agreement enters into force if the document signed by the policyholder is received by Astra Branch office before 30 September.

Policyholders can claim reimbursement of fees that have been paid with no services by the Romanian Astra Insurance Company from the Romanian Insurance Guarantee Fund (FGA) operating in conjunction with the Romanian Supervisory Authority.