📋 Tender Overview
The Ministry of Justice and Public Security has today submitted proposals for amendments to the regulations to give claimants better protection in the event of bankruptcy of foreign insurance companies that have paid for occupational injury insurance. The proposal has been submitted in consultation with the Ministry of Finance.It has been important for the government to give workers a better protection if the foreign insurance company they were involved in goes bankrupt.Pursuant to the Occupational Injury Insurance Act employers are obliged to provide occupational injury insurance for their employees. In Norway there are generally good schemes for securing employees in those who have a choir of work insurance that do not have a statutory occupational injury insurance or have insurance in a company that has gone bankrupt. The Norwegian guarantee scheme does not apply if an insurance company with headquarters in another EEA state goes bankrupt and occupational injury insurance is purchased from a Norwegian branch. In addition the employee will not be covered by the scheme if they are exposed to an occupational injury.The high-ring memorandum follows up on a proposal prepared by Finanstilsynet on behalf of the Ministry of Finance and the Ministry of Justice and Public Security. The raise note outlines various litigations to provide claimants with further protection in bankruptcy cases where occupational injury insurance is provided on a cross-border basis. Ein asks for their views on the various alternatives and what of these gives the best solution.The primary proposal in the high-ring memorandum is that the membership obligation in the guarantee scheme for non-life insurance in the Financial Institutions Act be expanded to include insurance deposits in another EEA state such as statutory occupational injury insurance through cross-border works outside the branch.
