Regulatory Alerts2016-12-30
Added
Decree No. 54 of 30.12.2016 on the Registers of the Guarantee Fund for the Exchange and Protection of Information and on the Issuance and Accounting of Mandatory Insurance under Art. 461, Items 1 and 2 of the Insurance Code
This decree establishes the content, scope, and format of data in electronic registers maintained by the Guarantee Fund, including the vehicle register and the insurance policy register. It mandates real-time data exchange between insurers and the Guarantee Fund, requiring the recording of specific vehicle and policy details such as registration numbers, VINs, owner identifiers, and premium amounts. The regulation also defines procedures for data collection, protection, and access, including fallback mechanisms for technical failures in the Ministry of Internal Services' electronic services.
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