Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-282-000"
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"en.20111012.20.3-282-000"2
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"Madam President, the EU must offer consumers protection when bankrupt insurance companies fail to honour their contractual obligations. The lack of harmonisation in this sector could distort cross-border competition and hamper the provision of uniform protection for consumers.
Romania is one of the 11 Member States which currently have at least one general insurance guarantee scheme. This means that well over half of the whole EU insurance market does not enjoy effective protection. I should emphasise the need for a European legal framework to provide complete, continuous protection to the holders or, if applicable, beneficiaries of the insurance policies. At the same time, it is crucial for the funding model for national insurance guarantee schemes to comply with the principle of subsidiarity."@en1
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