Announcement to the Sector Regarding the Package Policy and Additional Coverage Implementation in Roads Motor Vehicles Mandatory Financial Liability Insurance (2024/3)
Announcement to the Sector Regarding the Package Policy and Additional Coverage Implementation in Roads Motor Vehicles Mandatory Financial Liability Insurance (2024/3)

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The Private Pension Regulation and Supervision Authority (IPRSA) emphasizes the need for compliance with international standards in determining premiums for mandatory financial liability insurance for motor vehicles. It has been noted that there have been instances of non-compliance within certain distribution channels, with an emphasis on the importance for insurance companies to take necessary measures. Additionally, caution against penalties associated with these risks is advised.

This content has been sourced from the official website of the Private Pension Regulation and Supervision Authority (IPRSA). Click here to access the original document and review the details.

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