Regulatory Alerts2016-12-30
Decree No. 54 of 30.12.2016 on the Registers of the Guarantee Fund for Information Exchange and Protection and on the Issuance and Accounting of Mandatory Insurance under Art. 461 of the Insurance Code
Issued by the Chairman of the Commission on Financial Supervision, the Minister of Internal Affairs, and the Minister of Transport, this Decree establishes the technical and operational requirements for the electronic registers of the Guarantee Fund for Information Exchange and Protection. It mandates the real-time collection, storage, and exchange of data regarding motor vehicles and mandatory insurance policies between insurers, the Guarantee Fund, and the Ministry of Internal Affairs. The regulation ensures interoperability of information systems, defines data fields for vehicle and policy registries, and governs the automated verification of insurance contracts and bonus-malus classifications.
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