"Companion" (insurance company): license revoked. What to do? Where to apply?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, in the news feeds, you can increasingly see information that another insurance company has lost its license, and car owners who are its customers do not know what to do with their poles. Some believe that it is impossible to achieve the truth and it is not realistic to return financial investments. Others go to court and believe that the law provides for such situations, and, accordingly, methods for resolving such disputes.

To date, the license of the Kompanion insurance company has been revoked. What about those who were clients of this organization? How to find out in advance that the UK may lose a license? Is there a chance to get money back? Consider everything in order.

Which companies usually fall into the stop list of the Central Bank

The Central Bank of the Russian Federation has already closed about 31 companies and 17 private insurers. Similar measures are being taken against offices that do not comply with the requirements of the Central Bank regarding the financial stability and solvency of organizations. Thus, if companies do not confirm their financial position, then such ICs -bankrupt, respectively, they are included in the stop list and can no longer carry out their insurance activities for citizens.

Quite often licenses are lost by offices that provide the Central Bank with false data on financial statements. This is usually done in order to form insurance reserves. However, the regulator's recommendations are not taken into account, which, in turn, is a rather serious violation.

According to this regulation, Kompanion insurance group lost its license and was put on the stop list on June 3, 2015.

Because of what else is the revocation of the license

It should be said right away that the termination of the company's activities can be due to a lot of reasons. It is not uncommon for the Central Bank to send requests to organizations, but receive nothing in return. This is the first signal that the company's activities are not being carried out properly. Of course, after that, global checks begin, during which violations are detected.

It should also be understood that revocation of a license is an extreme measure, which is resorted to only if the insurer has not responded to other methods of interaction in any way.

Besides this, it is worth considering that it is not entirely correct to say that Kompanion IC is bankrupt. Since in this case, consumers of insurance services would not have any problems.

Bankruptcy

If this preventive measure was applied to the insurer, then all victims are guaranteed to receive the payments due.

By and large, bankruptcy is a procedure necessary for the sale of the property of the UK. Such events allow the sale of the company's assets in order to compensate for the damage to the injured party, that is, motorists and other creditors.

Financial insolvency of the company is proved in court. In this case, both the owner of the company and dissatisfied customers can act as the initiator.

History of the establishment of Kompanion

How events unfolded in 2015 and before that. The insurance company Kompanion LLC was opened back in 1998 under the name "Middle Volga Transport Insurance Company". However, after 6 years, the management decided to rename the organization to SOK.

From the first day of operation, the company has experienced constant structural changes. In order not to scare off customers, the insurers decided to rebrand and re-named the company into the Kompanion insurance group in 2007.

From that time on, IC began to be actively advertised and quite quickly it became the leader in sales of OSAGO and CASCO. In 2013, Kompanion even entered the rating of the largest insurers in the Russian Federation.

This increase in positions was associated not only with the sale of insurance policies to private car owners. The company actively provided services to legal entities. In total, 401 offices of this company were opened on the territory of the Russian Federation.

The Kompanion insurance company was located at Samara, st. Gagarina d. 141A, and at first the clients of the officeleft only positive feedback about it. Thanks to favorable insurance conditions, the company was able to develop a huge clientele and earn 6.7 billion rubles in 2013. This amount was 87% higher than the earnings of the UK in 2012.

At the end of 2013 Kompanion was already a member of the PCA and was a member of various insurance associations. Thanks to higher revenues, it became possible to conduct more aggressive advertising activities, which the company took advantage of.

However, in April 2015, Kompanion insurance company is closed for technical reasons. Indignant clients of the firm call the hotline, but it does not work.

Why was closed

As mentioned earlier, SOK has been renamed. Until now, no one knows what exactly such a rebranding was connected with. However, most likely, the owners of SOK declared themselves bankrupt, after which they could not re-enter the market with a "dirty" name.

Despite all its tricks, Kompanion's management failed to comply with all the necessary instructions from the Central Bank, as a result of which the company was subjected to the most severe punishment - license revocation. The reason for this was the numerous negative reviews from customers of the company. Car owners complained that the insurance does not pay them money and refuses to take into account official statements and contracts.

Lawsuits

Initially, by decision of the Arbitration Court of the Samara Region, the company was declared bankrupt. Within 6 months, the property of the office was to be sold in favor ofcar owners who did not receive their money.

However, negative reviews and complaints from customers prompted more serious inspections of the activities of the UK. During the checks, it was possible to identify criminal actions on the part of the company's managers. Of course, after that, a new stage of litigation began. As of today, the license of Kompanion insurance company has been revoked. What should those who have suffered from the criminal actions of this organization do?

How to recover damages under OSAGO

Today, in many cities of the Russian Federation, there are still a large number of deceived customers. Car owners affected by the actions cannot receive compensation. Many were very surprised to learn that the license of the Kompanion insurance company was revoked. Let's take a closer look at what to do in such a situation.

If a company's license has been revoked, the only way to get the money is to go to court. It is also necessary to prepare a pre-trial claim, a sample of which can be found either at the place of application or in the PCA (Russian Union of Car Owners). In the same organization, you can clarify whether the insurance company was really deprived of its license or whether it was declared bankrupt.

The filed claim indicates that the car owner is asking for the unused part of the insurance premium to be returned to him. It is also worth considering that the claim period is about 2 years. Therefore, it is worth hurrying up and not delaying the solution of this problem.

The most correct algorithmaction is as follows:

• A pre-trial claim is being drawn up, a sample of which can be seen in our article or asked for at the PCA. This paper (it must indicate the bank account of the car owner to which the money should be transferred) is sent directly to the insurance service.
• After the company's management does not respond to the claim, a claim is drawn up and submitted to the judicial authority.

CASCO

To terminate an insurance contract for a voluntary type of transaction, you must first contact a special loss settlement department, which should be in every organization providing such services. To do this, you can send a letter to the head office of the company and request damages.

If no action has taken place on the part of the IC, then you need to act according to the same algorithm as in the case of OSAGO.

Is it possible to return the money

According to the law, the client has the right to terminate the contract with the insurance service at any time. After that, the company is obliged to return the remaining money to him. But, as practice shows, this is not so easy to implement.

One of Kompanion's clients shared his story of trying to get money back from a negligent insurer.

When he decided to sell his car, he turned to this office for services. Since the car was purchased on credit, the car owner had several policies in his hands at once: OSAGO and CASCO. In order to save some money and get some of the unused funds, the driver turned to Companion. After some time, it was decided to terminate the contract. Upon arrival at the company's office, the car owner was met by a single employee who informed him that the company's license had been revoked. She invited him to fill out an application and gave the return document. However, this paper did not indicate exactly when and how much money will be returned to the client. After 1.5 months, the situation has not changed.

The deceived client could not get any explanations, as the company's office is closed, and the hotline phone does not work.

If an accident happened

There are situations when a client of an insurance company gets into a traffic accident after the license was revoked from the insurance company. In this case, you can only receive a refund through the courts.

For the court, it is necessary to prepare papers confirming the fact of an accident, a request for insurance payments, policies and a ready protocol of an administrative offense.

If in the process of court hearings it is proved that the company went bankrupt, then the deceived client will have to wait for the bankruptcy proceedings to begin. Typically, the sale of company assets begins within 3 months after the declaration of bankruptcy. During this time, it is necessary to send a corresponding application to the name of the arbitration manager as soon as possible with a request to add the car owner to the register of creditor claims.

In conclusion

After studying the history and reasons for the license revocation of the Companion insurance company, whichmake it more clear. However, it is better not to get into such situations at all. In order not to lose money, it is necessary to study the contract with the insurer in detail. The document must list all possible situations and outcomes. If the contract does not mention possible bankruptcy or loss of a license, then it is better not to sign it at all.