What if payment is not payed on time?
A company has the option of payment deferral if approved by the insurance company in accordance with the insurance policy, however, the period from issue to payment should not exceed 150 days. If the payment deferral is approved, the company must also pay all the interest incurred due to the extended payment deadline. Thus, the investor gains compensation of interest incurred due to the extended payment deadline. In the event that despite payment deadline extension no payment takes place, a default case is initiated. In the process, we authorize the Pro Kolekt company to initiate the recovery process. Within 90 days, the claim should be recovered. If the recovery process fails, we file a claim for payment of damages, as agreed in the insurance agreement. Once the insurance company repays the investment, we transfer it to the investor’s account.