The Private Pension Regulation and Supervision Authority (IPRSA) has made adjustments to the Mandatory Financial Liability Insurance for Motor Vehicles General Circular No. 2019/9. The sixth article of the circular includes significant changes regarding the terms of traffic insurance contracts and termination conditions, which will be implemented by relevant public institutions. Additionally, some previous regulations have been repealed.
The new regulations will take effect on December 5, 2024, and will be overseen by the president of the institution.
