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Laws in English Online (discount 25% included)
Group: BANKING AND FINANCE
Issue: Niste pretplaćeni INSURANCE LAW
Published in the Službeni glasnik RS, Nos. 55/04 of 21 May 2004, 70/04 of 18 Jun 2004, 61/05 of 18 July 2005 and 101/07 of 6 November 2007, 107/09 of 23 December 2009, 99/11 of 27 December 2011 and 119/12 of 17 December 2012
Section: Contents
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  • I. BASIC REGULATIONS
    • Subject of the Law
    • Insurance Activities
    • Companies Engaging in Insurance Activities
    • Persons Engaged in Insurance Brokerage and Representation
    • Companies Engaging in Other Activities Directly Connected Companies Engaging in Other Activities Directly Connected to Insurance
    • Insurance on a Voluntary Basis
    • Territoriality
    • Insurance Operations
    • Classes of Life Insurance
    • Classes of Non-life Insurance
    • Traffic Compulsory Insurance
    • Voluntary Pension Insurance
    • Voluntary Health Insurance
    • Impossibility of Simultaneous Engagement in Life and Non-life Insurance Activities
    • Reinsurance Activities
    • Pecuniary Portion of the Initial Capital
    • Guarantee for the Obligations
    • Supervision Over the Insurance Business
    • The Forbidden Use of the term "Insurance"
    • Application of the Law Which Governs the Legal Status of Companies and Contractors
    • Application of Other Laws
    • Application of the Rules of the Insurance Profession, Sound Business Practices and Business Ethics
  • II. INSURANCE COMPANY
    • 1. Common Provisions
    • 2. Joint Stock Insurance Company
    • 3. Mutual Insurance Company
  • III. INSURANCE BROKERS AND AGENTS
    • 1. Brokerage in Insurance
    • 2. Insurance Agency
  • IV. AGENCY FOR OTHER INSURANCE SERVICES
  • V. ASSETS AND BUSINESS ACTIVITES OF AN INSURANCE COMPANY
  • VI. INTERNAL AUDIT
  • VII. SUPERVISION OVER INSURANCE ACTIVITIES
    • 1. Competence of the National Bank of Serbia
    • 2. Supervision
    • 3. Information Provided by the Insurance Company to the National Bank of Serbia
    • 4. Measures of Supervision
      • 4.1. Types of the Measures
      • 4.2. Measures for the Elimination of Irregularities and Illegalities
      • 4.3. Measures for Breaching the Rules on Risk Management
      • .4.4. Transfer of the Insurance Portfolio
      • 4.5. Assuming Control of the Business Activities of an Insurance Company
      • 4.6. Withdrawing the license
      • 4.7. Temporary Measures
      • 4.8. Measures Prescribed to Management Members, Members of the Supervisory Board, Key Functionaries and Qualified Shareholders
      • 4.9. Application of the Provisions for Conducting the Supervision
      • 4.10 Liability for the Damage Caused in the Performance of the Duties Provided by this Law
  • VIII. ACTUARY ACTIVITIES AND AUDITING
    • 1. Actuary Activities
    • 2. Auditing
  • IX. TERMINATION OF INSURANCE COMPANIES AND INSURANCE BROKERAGE AND AGENCY COMPANIES AND AGENCIES FOR PROVIDING OTHER INSURANCE SERVICES
  • X. TRANSFER OF THE INSURANCE PORTFOLIO
  • XI. STATUTORY CHANGES OF AN INSURANCE COMPANY, ORGANIZATIONAL CHANGES AND INSURANCE COMPANY ASSOCIATIONS
  • XII. PENALTIES
    • 1. Criminal Offense
    • 2. Offences
  • XIII. FINAL REGULATIONS
  • ARTICLES NOT INCLUDED IN THE FINAL TEXT (Službeni glasnik Republike Srbije, No. 61/05 of 18 July 2005)
  • ARTICLES NOT INCLUDED IN THE FINAL TEXT (Službeni glasnik Republike Srbije, No.107/09 of 23 December 2009)
  • ARTICLES NOT INCLUDED IN THE FINAL TEXT (Službeni glasnik Republike Srbije, No.99/11 of 27 December 2011)
  • ARTICLES NOT INCLUDED IN THE FINAL TEXT (Službeni glasnik Republike Srbije, No.119/12 of 17 December 2012)
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