Legal opinion on the disclosure in the statement of financial condition (submitted by Deputies) life insurance policy, which have been transferred assignment
agreement on bank Cover Image

Opinia prawna w sprawie ujawniania w oświadczeniu o stanie majątkowym (składanym przez posłów) polisy ubezpieczeniowej na życie, z której prawa zostały przeniesione umową cesji na bank
Legal opinion on the disclosure in the statement of financial condition (submitted by Deputies) life insurance policy, which have been transferred assignment agreement on bank

Author(s): Irena Galińska-Rączy
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Kancelaria Sejmu
Keywords: cession; declaration of financial interests; Deputy

Summary/Abstract: Assignment is the transfer of rights deriving from the insurancecontract, which means that the entity to which the transfer is made becomes administratorof the rights to the subject of the assignment. The Deputy as an assignor inthe case of assignment the rights under life insurance policies at bank does not haveto demonstrate it in the Section I of declaration of property status (“Money stock”),but the Deputy should take it in into account in Section XI (“Monetary liabilities”) todemonstrate the conditions under which the loan was granted, ie. the obligations tothe bank.

  • Issue Year: 2016
  • Issue No: 4
  • Page Range: 170-173
  • Page Count: 4
  • Language: Polish