NOVIS disagrees with the NBS decision and will take it to court
Our statement
On June 5, 2023, NOVIS received a decision from the National Bank of Slovakia (NBS) to revoke its insurance license. NOVIS has reviewed the decision signed by the NBS governor, Mr. Peter Kažimír, and is surprised by the number of errors it contains.
Moreover, all the evidence that NOVIS submitted to the NBS was ignored. This even includes the expert opinion of a court expert from Vienna, who asserts that the NBS distorted the Solvency balance of NOVIS to such an extent that the expert used the term 'falsification' in relation to the NBS procedure.
NOVIS is convinced that the NBS decision is incorrect and based on a flawed assessment of the facts and incorrect application of the relevant laws. The insurance company is therefore preparing an administrative lawsuit and will ask the court to postpone the effectiveness of the decision. NOVIS expects a fair process from the court, especially given that several important documents were deliberately not made available to it during the proceedings before the NBS. NOVIS repeatedly for a long time pointed out the proven bias and illegal actions of specific NBS officials, and therefore also turned to the General Prosecutor's Office.
In accordance with this decision, NOVIS is not authorized to conclude new insurance contracts, but nothing changes for existing clients, they still have valid agreed insurance coverage as well as the obligation to pay premium.
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