Regulatory Alerts2014-10-16
Added
Decree No. 49 of 16.10.2014 on the Mandatory Insurance for Motor Vehicle Third-Party Liability and Passenger Accident Insurance for Public Transport Vehicles
This decree establishes the conditions and procedures for mandatory motor vehicle third-party liability insurance and passenger accident insurance for public transport, including the issuance of Green Cards and the unified numbering system for policies. It mandates specific content for insurance policies, requires the provision of a Guarantee Fund sign and bilateral accident protocols, and sets rules for the registration of claims and the handling of temporary vehicle plates. The text also regulates border insurance for vehicles from third countries entering Bulgaria and defines the obligations of insurers regarding data access and claim processing.
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