Regulatory Alerts2010-02-25
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Decree on the Minimum Sum Insured and/or Insurance Sum in Compulsory Traffic Insurance
The Government of Serbia issued this decree to establish minimum insurance sums for compulsory traffic insurance covering public transport passengers, aircraft owners, and boat owners. The regulation specifies fixed coverage limits, including EUR 8,000 for passenger death and tiered Special Drawing Rights amounts for aircraft liability based on maximum takeoff weight. These provisions entered into force upon publication in the Official Gazette, with specific aircraft liability rules applying from January 1, 2010.
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