Slovakia’s largest private health insurer, Dôvera, will need to pay a fine of €100,000, the SITA newswire wrote. This is based on a decision of the Director of the government’s Healthcare Supervision Office, Richard Demovič, who as the appellate authority made a ruling on an appeal filed by the insurer against the decision of the office from April 2009.
“We can confirm that we have received this decision. We will pay the fine within the set term and are analyzing further steps at present, namely contesting this decision in court,” said Dôvera's spokesperson Zuzana Horníková to the SITA newswire.
The insurer was initially fined €166,000 and ordered to draft a restructuring plan due to alleged problems with its solvency. The head of the office reduced the fine in the appellate proceedings as the insurer removed some of the administrative faults.
The office announced it had levied a fine on Dôvera in early April 2009, after the insurer failed to submit some reports required to document its solvency, specifically its balance sheet and profit and loss statement for January and February 2009, within the deadline set by the law. SITA
Compiled by Zuzana Vilikovská from press reports
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