On 10 June 2025, Bulgaria’s Financial Supervision Commission (FSC – Комисия за финансов надзор) imposed a temporary ban on the provision of new and the extension of the term of existing cross-border products and services of ZAD DallBogg: Life and Health AD (ЗАД „ДаллБогг: Живот и Здраве“ АД) – under the freedom to provide services across the European Economic Area concerning all classes of insurance for an initial period of 3 months as of 1 July 2025.
The insurance business activities of ZAD DallBogg: Life and Health AD will continue as usual in all Member States until 30 June 2025 (incl).
FSC, as the home supervisory authority, is in close contact with ZAD DallBogg: Life and Health AD to ensure effective consumer protection and fair treatment of all policyholders. FSC is also working on defining the conditions that ZAD DallBogg: Life and Health AD would have to meet for therestriction to be lifted. All concerned National Competent Authorities are closely cooperating.
More details will be provided shortly.
This press release is also available in English and Bulgarian on FSC’s website.