site.btaProtesters Demand Resignation of Financial Supervision Commission

Citizens protested on Wednesday demanding the resignation of the Financial Supervision Commission (FSC) in front of the Council of Ministers building, where the first regular meeting of the newly elected government with Prime Minister Rumen Radev was held.

The reason for the protest is the ban imposed on April 2 by the FSC on DallBogg Life and Health Insurance Company to conclude new insurance or reinsurance contracts for all or individual classes of insurance, as well as to extend the term of concluded contracts and expand their coverage. The FSC indicated that the purpose of the ban is to protect the interests of the insured persons and guarantee the solvency of the company, and the reason for it is violations of market conduct, as well as the Insurance Code.

This is the second protest related to the case, after a general protest of industry organizations from the transport sector, clients and employees of DallBogg: Life and Health Insurance Company took place in Sofia on April 30.

The protesters carried posters with slogans: "FSC - arbitrariness and grab", "Customers pay for the purpose of your arbitrariness", "Hands down from DallBogg Life and Health". Accompanied by police, the citizens headed along Dondukov Boulevard. and reached the FSC headquarters at 16 Budapesta Street, where they demanded the resignation of the specialized state body.