FCMC desire to facilitate conditions of entry to new MTPL market participants may cause a long-term crisis in the sector.

17.05.06

Insurers object to changes proposed by the Financial and Capital Market Commission (FCMC) to reduce by 40 times a single payment to the compulsory third party liability insurance (MTPL) guarantee fund – from today’s 200 thousand lats stipulated by legislation to 5 thousand lats. PDF

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