Regulatory Alerts2019-01-01
Decision No. 70 of 2019 on the Tariff for Compulsory Civil Liability Insurance for Rapid Transport Vehicles
The Financial Regulatory Authority issued Decision No. 70 of 2019 to establish the official tariff for compulsory civil liability insurance covering accidents involving rapid transport vehicles. The regulation mandates that all operators of fast public and private transport adhere to the newly defined pricing structure when insuring passengers against third-party damages. By standardizing these rates, the authority ensures consistent coverage levels while preventing market fluctuations from affecting policyholder protections.
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