The Policyholder Guarantee Fund warned on Wednesday that December 7 is the last day RCA insurances issued by Euroins will expire by law, so the drivers in question should take out new car insurance. CITR, the judicial liquidator of Euroins, told HotNews.ro that more than 841,000 drivers have valid RCA policies.

• “December 7 is the last day of validity for policies issued by Euroins, with the exception of guarantee policies, in the case of class 15 policies, the last day of validity of which is February 5, 2024.
• As of December 7, 2023, 1,230,670 Euroins insurances will still be valid, of which 841,547 are RCA and 3,132 guarantee insurances.” Alina Popa informed HotNews.ro about this on Wednesdaycoordinator of the CITR group for the management of the Euroins bankruptcy case.

The Fund for Policyholders’ Insurance (FGA) warned on Wednesday that after 7 December 2023 (the last day of validity of insurance policies concluded by Societatea Euroins Asigurare Reasigurare SA, except for those included in insurance class 15 – Guarantees), insurance creditors may apply to the FGA with a request for premium reimbursement, Appendix 9 to the ASF standard no. 24/2019 to claim a refund of the difference in premiums for the period that remained uncovered.

In the case of insurance policies that have been subject to legal termination, an additional step is no longer required in terms of notifying the insurer of the termination of that insurance policy.

Payment requests for premium reimbursement – Appendix 9, can be submitted online, on a special portal: https://portal.fgaromania.ro, in this case, the registration number of the request will be received automatically.

As a reminder, at the end of August this year, the Government extended the validity period of RCA Euroins policies by 3 months, all these car insurances automatically expire on December 8. By this time, all Euroins policyholders are required to take out new insurance policies.

• SEE EUROINS BANKRUPTCY FIGURES HERE

More than 25,000 disputes. The total amount of debts is estimated at 5 billion lei

In the approximately 3 months since his appointment as Euroins judicial liquidator, the CITR team has analyzed over 1,100 debt references, which involved examining over 350,000 documents to create a creditor table.

• “The receivables in the case of Euroins are currently 600 million lei, and the potential threat, i.e. the potential debt for some losses that have not materialized at the moment and which are not determined, may reach 5 billion lei, Alina Popa announced in Septembercoordinator of the CITR group, judicial liquidator in the bankruptcy case of the Euroins company.

CITR conducted an inventory of assets and launched public tenders to cover salary costs.

In addition, CITR analyzed and denounced about 1,000 contracts sent the contract entered into with EIG Re for analysis by the union judge by which assets and cash were transferred from the company.

In addition, CITR has coordinated more than 25,000 disputes in national courts since the opening of the procedure.

• Read more: Bankruptcy of Euroins is relevant: debts are estimated at 5 billion lei. How many Romanians have insured their cars, health and houses with this insurer