Regulatory Alerts2026-06-08
Insurance Code of the Republic of Bulgaria
The Insurance Code of the Republic of Bulgaria establishes the comprehensive legal framework governing insurance and reinsurance activities, including market access, supervision, and consumer protection. It defines the roles of insurers, reinsurers, and intermediaries while setting specific thresholds for entities excluded from single market access and outlining the regulatory powers of the Commission for Financial Supervision. The legislation ensures compliance with EU directives, particularly Solvency II, and mandates the use of the Bulgarian language for contracts and official communications within the country.
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