On December 12, 2024, the Private Pension Regulation and Supervision Authority (IPRSA) issued a circular numbered 2024/33, adding a temporary clause to the existing regulation on Compulsory Motor Vehicle Liability Insurance as outlined in circular 2023/28. According to this temporary clause, the premium/equity ratio for 2024 is set at 6, and any premium amounts exceeding this ratio will be offset against the calculations for 2025. The circular takes effect upon issuance and will be implemented by the President of the IPRSA.

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.