The opening of bankruptcy proceedings has the effect of withdrawing from Gable Insurance AG its licence to exercise further insurance activities. The withdrawal of this licence means that each policyholder is entitled to terminate the insurance contract with Gable Insurance AG with immediate effect. If this right of termination is not exercised, the insurance contract […]
What is the legal status of the policyholders and in the case of other claims arising out of an insurance contract?
With the opening of bankruptcy proceedings on 17 November 2016, the entitlement to dispose freely of its assets was withdrawn from Gable Insurance AG. The opening of bankruptcy proceedings covers all insurance contracts. All of the rights and obligations of the policyholders of Gable Insurance AG arising out of their insurance contracts are affected by […]
The bankruptcy of Gable Insurance AG affects about 130,000 policyholders. The Trustee in Bankruptcy is obliged to identify all entitled creditors, on the one hand, and to secure all assets of the company, on the other hand. This will take a lot of time. At the moment, it is impossible to say when this process […]
The answer to this question depends firstly on whether you have asserted an insurance claim. A claim constitutes an insurance claim if you, as policyholder, beneficiary, insured or injured third party with a direct right of action against Gable Insurance AG, assert a claim arising from a loss event or if your claim concerns a […]