Naruszenie zaleceń wydanych przez Komisję Nadzoru Finansowego jako podstawa nałożenia sankcji na podstawie art. 362 ust. 1 ustawy z dnia 11 września 2015 r. o działalności ubezpieczeniowej i reasekuracyjnej
Violation of Recommendations Issued by the Polish Financial Supervision Authority as a Basis for Imposing Sanctions Pursuant to Article 362(1) of the Insurance and Reinsurance Activity Act of 11 September 2015

Summary/Abstract: Pursuant to Article 361(1) of the Insurance and Reinsurance Activity Act of 11 September 2015,the Polish Financial Supervision Authority (PFSA) may issue recommendations for insurance andreinsurance undertakings. In the case of non-compliance, such recommendations may give rise tothe imposition of administrative sanctions. The purpose of the article is to decide to what extentthe violation of supervisory acts, such as the PFSA’s recommendations, determines the admini-strative liability of insurance and reinsurance undertakings.Furthermore, the article aims at discussing to what extent a breach of non-authoritative acts ofa supervisory nature, such as the PFSA’s recommendations, may constitute the basis for admini-strative liability provided for in Article 362(1) of the Act. The author conducts his analysis inthe context of constitutional standards applicable to administrative responsibility. Thosestandards are compared with the decisions of the PFSA rendered as a result of the violation ofits recommendations. In addition, the article presents de lege lata and de lege ferenda conclusionswhich relate to ensuring compliance with constitutional requirements of the procedure forsanctioning violations of recommendations issued by the PFSA.

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