Regulatory Alerts2014-10-29
Decree Establishing the Minimum Sum Insured in Motor Third Party Liability Insurance
The Government of Serbia issued this decree to establish the minimum sum insured for motor third party liability insurance based on the Law on Compulsory Traffic Insurance. The regulation mandates a minimum coverage of the dinar equivalent of EUR 1,000,000 for personal injury and EUR 200,000 for property damage per single loss event. This decree entered into force on 13 October 2014.
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