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Demerger

If a limited liability company is demerged into two or more companies, the TyEL insurance of the demerging company must be terminated and new insurance must be taken out for the new companies.

A limited liability company may also demerge only in part. In this case, the TyEL insurance for the remaining portion of the company remains the same and if employees are transferred to the new company, new insurance is taken out for them.

The transfer of the employee pension fund of a demerging company is agreed on separately.

The insurance of the companies’ owners might also change as a result of a demerger. Read about YEL insurance for the self-employed here.