Terms for settlement against the Norwegian Natural Perils Pool Effective as from 1st January 2016 (ref to circular 12/15)
These terms specify the maximum amounts the companies may settle through the Norwegian natural Perils pool. The terms of settlement are none the less limited to the company’s own terms for fire on the damaged object.
NNPP Settlement conditions up to January 1st 2016
These are common conditions which the companies shall use when settling claims caused by natural perils with Norsk Naturskadepool.
- Download: Common terms and conditions for all insurance contracts covering damage caused by natural events.
The settlement conditions are to be understood to give the policyholder this cover as a minimum when the policyholder has a fire insurance and the claim is covered by the Act on Natural perils insurance.