Regulatory Alerts2023-02-06
Added · Updated
Insurance Law of the Republic of Serbia
The National Bank of Serbia issues this consolidated law to regulate the establishment, operation, and supervision of insurance and reinsurance undertakings within the Republic of Serbia. The legislation defines the scope of insurance business, including life and non-life classes, while mandating that the National Bank of Serbia supervise market stability and protect the rights of policyholders and beneficiaries. It further establishes strict licensing requirements, capital adequacy rules, and operational principles for insurance entities to ensure prudent management and financial security.