Insolvency Tour Operators
MS Amlin insures the insolvency of travel companies.
This compulsory insurance, to protect the consumer, is related to the Law of travel contracts.
"The travel organizer and/or travel agent who are a party concerned with the contract, must prove that they have sufficient guarantees, because - in case of financial insolvency- to further fulfill their obligations towards passengers.
They should ensure that the money paid to the traveler can be refunded, and if the trip already has started, they need to ensure the repatriation of the traveler.”
MS Amlin provides for its customers these guarantees through the insurance “financial insolvency tour operators”.