Regulatory Alerts2026-02-27
Rules on the Organization and Activities of the Guarantee Fund
The Commission for Financial Supervision issued these Rules to regulate the governance, financial operations, and key functions of the Guarantee Fund, including the Uninsured Motor Vehicles Fund and the Security Fund. The document mandates that insurers contribute to the Fund, establishes a management system with specific oversight bodies, and defines detailed procedures for calculating additional contributions based on market share and premium income. It further outlines the appointment, approval, and liability requirements for the Fund's governing councils and executive directors to ensure compliance with insurance code standards.
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