Regulatory Alerts2023-06-16
Methodology for Calculating and Applying Base Insurance Premiums and Adjustment Coefficients for Compulsory Motor Vehicles Liability Insurance
The National Commission for Financial Markets approved a methodology standardizing the calculation and application of base premiums and adjustment coefficients for compulsory internal and external motor vehicle liability insurance. Effective 27 June 2023, the decision mandates insurers to apply standardized coefficients based on vehicle type and risk parameters to determine accurate policy costs. This framework directly regulates premium pricing structures, ensuring consistent and transparent cost assessments across the national insurance sector.
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