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Part 2 · Individual classes of insurance  ›  Division 1 · General provisions › Section 106

Due date for performance

The insurer is obliged to release the policyholder from the third party’s claim within two weeks, beginning at the time when the third party’s claim is established with binding effect for the insurer by final judgment, acknowledgement or settlement. If the third party has been satisfied by the policyholder with binding effect for the insurer, the insurer is obliged to pay the compensation to the policyholder within two weeks after the third party has been satisfied. The insurer is obliged to pay any costs to be reimbursed in accordance with section 101 within two weeks after communication of the calculation.

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