Regulatory Alerts2016-03-10
Added · Updated
Insurance Law of the Republic of Serbia
The Republic of Serbia enacted this consolidated Insurance Law to regulate insurance conditions, methods, and the supervision of insurance activities by the National Bank of Serbia. The legislation defines permissible insurance entities, mandates licensing for companies and brokers, and strictly prohibits joint engagement in life and non-life insurance operations. It establishes specific capital requirements, ownership restrictions, and detailed classifications for life and non-life insurance classes to ensure market stability and consumer protection.