Why should I appeal to “FILLIX” insurance broker’s company?

According to the insurance laws of the Republic of Lithuania, insurance broker’s company should act in favour of the policyholder’s, the insured’s, beneficiary’s or the aggrieved third party’s interests. We perform insurance broker’s functions on the instructions of you- the policyholder. We do it from the professional assessment of insurance risks, negotiations with insurance companies because of optimal insurance premium sizes and risks selection, insurance documents registration, to the adjustment/regulation of damage in case of insurance event. You do not need to appeal to most of insurance companies and get from them one-sided offers. Having established your insurance needs we will present you with expedition the optimal variant of insurance with an adequate insurance premium. We safe your time and money by offering you our representation and qualified consultations.

What should be done in case of insurance accident?

First, you have to inform the help service about the accident immediately by dialling number 112 and to appeal to us- “FILLIX” insurance broker company at once. We will explain you everything and will help you to register the insurance event in insurance company and get insurance indemnity.

What is the sum insured?

The sum insured is property interests insurance sum; the insurer is ready to disburse in case of insurance event. It is established by the agreement of insurance contract parties. In case of non-life insurance, the insurance sum cannot exceed the real value of the property insured or property risk value (insurance values) (LR CC, 2001).

What is the responsibility of insurance broker?

Competent insurance brokers work in our company, having passed insurance broker’s qualification examination, which is prepared by Insurance Supervisory Commission. Before presenting an insurance offer, we thoroughly establish the need of insurance, relevant risks and other conditions. That is why the risk of mistakes or inadvertency is minimal. According to the insurance laws of the Republic of Lithuania we as insurance broker company are insured by our professional civil liability.

How much do services of “FILLIX” insurance broker cost?

Using our services does not cost anything to you, as our rate is a commission pay, which we get from insurance companies.

In case of the conflict with insurance company, when and how could a policyholder appeal to the insurer?

The policyholder thinking that the insurer infringes upon his rights or lawful interests in the agreed insurance relations may use the right to appeal to Insurance Supervisory Commission. First, the policyholder has to appeal to the insurer in written form and indicate circumstances of the argument. The insurer has to analyse the insured’s appeal not later than in 30 days from the date of it and to present an exhaustive and motivated answer in written form based on the documents, which copies have to be enclosed to the insurer’s answer. Having received a negative or an unsatisfactory answer, or having not received any answer within 2 months, the consumer acquires the right to appeal to the Insurance Supervisory Commission for the settlement of the conflict.

How long does it take the insurer to pay the insurance indemnity?

The insurance indemnity has to be paid off not later than in 30 days since the day the whole information is received, which is important while establishing the fact of the insurance event, circumstances and cause as well as the size of an insurance indemnity.

Is the insurance contract cancelled if the insurance premium is not paid on time or if it is not paid at all?

If the policyholder does not pay the insurance premium on time (except the cases when the enforcement of the insurance contract is related to the insurance premium or it’s part’s paying), the insurer has to inform the policyholder in written form, indicating that within 15 days, in case of life insurance within 30 days, from the handing of the notice the insurance security will be suspended and renewed only when the policyholder pays the insurance premium. If the insurance case occurred while the suspension, the insurer does not have to pay the insurance indemnity. If the insurance security suspension continues up to 3 months and in case of life insurance up to 6 months, because of the delay of the insurance premium, the insurer has the right to cancel the insurance contract.

Are non-life insurance disbursements taxed?

According to the law of taxes on income and profit of private persons, insurance disbursements not exceeding the lost property or suffered losses, damage value or non-life insurance disbursement expense, for the partial or full coverage of losses or damage, are not taxed by taxes on income and profit.

Are life insurance disbursements taxed?

According to the law on income of private persons, disbursements according to life insurance contracts are not taxed if the term of the contract is not shorter than 10 years and if they were made until the year 2003, the 1st of January. Disbursements, according to life insurance contracts, which foresee that the insurance disbursement is paid only in case of insurance event, are not taxed as well. Disbursements according to the contracts made after 2003, the 1st of January are taxed according to the regulations of private persons income tax laws.

Who insures for Compulsory Motor Third Party Liability Insurance?

By the contract of the compulsory motor third party liability insurance, the insured subject is the civil liability of vehicles owners or possessors, for the damage caused in a road accident, except when the damage is done to the possessor responsible for the accident, his vehicle and it’s property as well as to the other policyholder’s or possessor’s property of the same vehicle.

What are valid insurance sums and territory according to the compulsory civil liability law?

The compulsory motor third party liability insurance sum per single road accident, regardless of how many third party victims are there, is 500 000 euros for the personal injury (from them 500 euros for non-property damage) as well as 100 000 euros for property damage. Standard and frontier insurance contracts give in each European economical space state such insurance security, which is demanded by those EU state members, laws regulating compulsory motor third party liability insurance or insurance security according to the law of compulsory motor third party liability insurance in republic of Lithuania if the security is bigger. A standard insurance contract, according to which the green card is issued, gives an insurance security in indicated foreign states in green card as well.

What are kinds of compulsory civil liability?

They are the following: 1. Standard insurance contract 2.Frontier insurance contract. Standard insurance contracts are made when a standard traffic vehicle is in the territory of the Republic of Lithuania. Frontier insurance contract is made when EU member countries are going to take part in a road traffic using vehicles, which are not in the territory of the Republic of Lithuania if the owner of such a vehicle does not have another valid compulsory motor third party liability insurance contract in the Republic of Lithuania.

Can the contract of Compulsory Motor Third Party Liability insurance be made for a shorter than 12 months period?

A standard insurance contract is made for 12 months. The insurer issues the policyholder a standard insurance contract and insurance security certificate. The period of validity indicated in the certificate, is not shorter than one month, for which the insurance premium is paid. Several certificates can be issued during the validity of the contract.

What are the terms of the report about the insurance case?

In case of the traffic accident the owner of means of transport has to inform the insurer in written form about it within 3 days from the accident, except for the cases when he cannot do this for important reasons. The owner of the vehicle has to inform the insurer who has insured him by civil liability insurance even if the culprit is not established yet.

What companies accumulate pension? What ensures the safety of accumulated pensions?

Pension accumulation is a funds managing or life insurance company, which has a license or permission to be engaged in pension accumulation work. Securities Commission performs the supervision of funds managing enterprises and insurance Supervisory Commission of insurance companies. Assets making each fund of pensions are separated from the other company’s assets, as well as from the other pension fund if the company has several of them. Assets of pension funds are kept in the commercial bank, which has a permission to be engaged in such services supply.

If I work part-time can I take part in pension accumulation?

Of course. Taking part in pension accumulation depends neither on the staff nor on the size of the salary.

If I lose a job and pension accumulation contract is signed

In case of losing a job or not paying state social insurance premiums for other reasons (studies, leaving abroad, etc.), the premium payment to your chosen fund account is suspended. The amount accumulated does not disappear anywhere. When you start working again the payment will be renewed automatically.

Who disposes of the account if the insured is under-age?

The 3.185 article part two of the civil code says that the parents manage the property of their under-age child according to their mutual agreement. Due to this norm a common family right principal is consolidated. All family questions must be solved by mutual agreement of the family members. According to the norms of the article 2.156, parents’ duties and rights connected to the children are equal, that is why they have to rule their under-age child’s property by mutual agreement. A common will can be expressed by the arrival of both spouses to the bank institution or if only one of them arrives, he has to present the document, which confirms the other spouse’s will and satisfies the requirements set in law deeds. It is noticeable that according to the 3.190 article of CC part one in case of parent’s divorce or their separate living the right to rule the property of the under-age child stays with the parent who lives together with the child. That is why the consent of the other parent living separately from his child is not necessary.