By decision of 9 June 2026, the Financial Supervision Commission (FSC) withdrew the licence of DallBogg: Life and Health Insurance Company AD to carry out insurance business. The company is not, and has never been, a member of the Association of Bulgarian Insurers (ABZ).
The withdrawal of the licence does not affect the validity of insurance contracts already concluded with the company. All insurance policies issued by the insurer remain valid and continue to provide cover for the insured risks until the expiry of the policy term. Insurance contracts will terminate by operation of law only after the decision to withdraw the licence becomes final and insolvency proceedings are opened against the company. Until that time, the insurer remains entitled to collect insurance premiums, receive, assess and settle insurance claims, and pay any compensation due under its policies.
Motor Third Party Liability (MTPL) insurance policies also remain valid and continue to provide insurance cover. Compensation payable under MTPL insurance is guaranteed by the Bulgarian Guarantee Fund, which becomes responsible for claims that the insurer is unable to pay following the withdrawal of its licence. This ensures that all persons with valid claims against the insurer will receive the compensation to which they are entitled.
To assist consumers, we have prepared answers to some of the most frequently asked questions.
I have a Motor Third Party Liability (MTPL) insurance policy issued by DallBogg: Life and Health Insurance Company AD. Does it remain valid after the licence has been withdrawn?
Yes. Your compulsory Motor Third Party Liability (MTPL) insurance policy remains valid until the expiry of its contractual term or until a competent Bulgarian court issues a decision opening insolvency proceedings against DallBogg: Life and Health Insurance Company AD.
Until that time, the policy remains in force, and the company is obliged to receive, assess and settle insurance claims and to pay any compensation due under the policy.
What happens to compensation payable under MTPL insurance policies issued by DallBogg: Life and Health Insurance Company AD?
Compensation payable under compulsory Motor Third Party Liability (MTPL) insurance is guaranteed by the Bulgarian Guarantee Fund in accordance with the Bulgarian Insurance Code.
This ensures that all persons entitled to compensation under such policies remain protected and will receive the compensation due to them in accordance with the procedures established by law.
How should I submit a claim under an MTPL insurance policy issued by DallBogg: Life and Health Insurance Company AD?
At present, claims should continue to be submitted directly to DallBogg: Life and Health Insurance Company AD, which is currently managed by conservators appointed by the Financial Supervision Commission (FSC).
The company continues to receive, assess and settle insurance claims and to pay any compensation due. If the company is unable to pay the compensation owed, payment will be made by the Bulgarian Guarantee Fund in accordance with the applicable legal procedures.
I was involved in a road traffic accident with a driver insured by DallBogg: Life and Health Insurance Company AD and I am still waiting to receive compensation. What should I do?
If you have already submitted your claim to the company, it will continue to be processed in accordance with the established procedure.
Should the company be unable to pay the compensation due, payment will be made by the Bulgarian Guarantee Fund in accordance with the procedures provided for by law.
Please note that, following the withdrawal of the company's licence, the assessment and settlement of claims may take longer than the standard time limits normally applicable under Bulgarian legislation.
I pay my MTPL insurance premium in instalments. Do I have to continue making the payments?
Yes. In order to keep your insurance policy valid until the end of its contractual term, you should continue paying all instalments due in accordance with the agreed payment schedule.
Once your policy expires, you will need to conclude a new Motor Third Party Liability (MTPL) insurance contract with another authorised insurer.
Please note that vehicle owners who fail to maintain valid compulsory Motor Third Party Liability (MTPL) insurance are subject to the administrative penalties provided for under Bulgarian law.
