Regulatory Alerts2024-03-22
Decree on Determining Risks Which May be Insured and/or Reinsured with a Foreign (Re)Insurance Undertaking
The Government of the Republic of Serbia issued this decree to define specific categories of risks that domestic entities and foreign persons may insure or reinsure with foreign undertakings. The regulation permits coverage for international investment works, foreign loans, exported goods, maritime and aviation assets, clinical trial liabilities, and foreign-owned property abroad, subject to specific contractual or jurisdictional conditions. These provisions remain in effect until Serbia's accession to the European Union and the World Trade Organization, respectively, and repeal previous decrees on the matter.
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