Regulatory Alerts2026-04-28 | 20/2Added · Updated
Decision No. 20/2 on Approving the Regulation on the Direct Settlement Procedure
The National Financial Market Commission approves the Regulation on the Direct Settlement Procedure, establishing rules for mandatory civil liability insurance claims between insurers. Insurers must conclude direct settlement agreements within 30 days of licensing and reimburse injured parties' insurers within 15 days of receiving requests. The decision amends standardized forms to include direct settlement options and mandates annual reporting to the Commission by May 15. RCA insurers are required to finalize settlement agreements within five months of the decision's entry into force.
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