The official document outlines amendments to the State-Supported Commercial Receivables Insurance System’s Tariff and Instructions and governs its operational principles. Key revisions include updates to the definitions of general conditions and modifications to the fee structures for risk assessments, including adjustments based on consumer and producer price indices. The document’s changes aim to enhance the clarity and effectiveness of the insurance system.
Article 1
An additional clause has been added to the first paragraph of Article 3, stating: “o) General Conditions: Commercial Receivables (Credit) Insurance General Conditions.”
Article 2
The phrases “in the Commercial Receivables Insurance General Conditions” have been revised to “in the General Conditions” in the sixth and seventh paragraphs of Article 4; “due” has been added after “the following” in the sixth paragraph, and item (a) of the same paragraph has been removed.
Article 3
The term “fourth” in the third paragraph of Article 8 has been changed to “fifth.” The fifth paragraph has been modified to include a fee structure for risk assessment inquiries and conditions for fee exemptions related to policy issuance within a specified timeframe.
Article 4
The phrase “seventh” in the sixth paragraph of Article 10 has been modified to “eighth.”
Article 5
An additional paragraph has been added to the first paragraph of Article 12, and existing paragraphs have been renumbered accordingly. Various terms within this article have been updated for clarity and consistency.
Article 6
In Article 13, the phrase referring to the annual target transaction volume for the insurance product has been revised to specify the invoices and includes a new paragraph regarding the adjustment of coefficients related to natural disaster risk coverage.
Article 7
The phrase “seventh” in the first paragraph of Article 14 has been amended to “eighth.”
Article 8
Changes in percentages have been made in the first paragraph of Article 15, specifying increases from 17% to 20% and from 12% to 15%.
Article 9
Article 16 has been revised to stipulate requirements for technical personnel training and examinations regarding commercial receivable insurance and the procedures for renewal training.
Article 10
The provisions of this regulation will come into effect at different times: Articles 8, 10, and 11 upon publication, and the remaining provisions one month following publication.
Article 11
The provisions of this regulation will be executed by the President of the Insurance and Private Pension Regulation and Supervision Authority.
