Regulatory Alerts2010-12-30
Decision on the Content of MTPL Policy Form and the Manner of Keeping Records of Issued Policies
The Governor of the National Bank of Serbia issued this Decision to standardize the content of Motor Third Party Liability (MTPL) policy forms and regulate the electronic record-keeping of issued policies in Serbia. The regulation mandates a uniform six-section policy form printed by the Institute for Manufacturing Banknotes and Coins, with specific data requirements for insured parties, vehicles, and premiums, while establishing strict protocols for the electronic exchange of data between insurers, agents, and the Association of Serbian Insurers. It further defines the operational procedures for policy registration number assignment, the verification of issued policies, and the transition timeline for compliance, with full enforcement effective from April 1, 2011.