Key Benefits:
Act of 12 November 2009 amending the Framework Law Financial Benefits Finance, in relation to the State of Trade Risk Insurance and the improvement of risk management
We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.
All of them, who will see or hear these, saluut! do know:
In this regard, we have taken into consideration that it is desirable to Framework Law Financial Benefits Finance adjusting to enable the State to act as an insurer for risks arising from external trade relations, and to improve the risk management capabilities of risk insured by the State;
In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:
All assets of insurers arising from export credit insurance and investment guarantees entered into before the entry into force of this Act and which have been reinsured by the State on the basis of Article 3 of the Finance Act As that article was stated before that date, the entry into force of this law shall, under a general title, proceed to the State without the cooperation or consent of policy holders, without the policyholders concerned being against the may oppose and without the need for a decision, act or communication.
This Law shall enter into force on a date to be determined by Royal Decree.
Burdens and orders that it will be placed in the Official Gazette, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.
Entry
' s-Gravenhage, 12 November 2009
Beatrix
The Minister of Finance,
W. J. Bos
Issued the first December 2009The Minister of Justice,
E. M. H. Hirsch Ballin
