The Serbian Competition Authority annulls the decision of the Serbian Association of Insurers setting the minimum premium rates for motor vehicle liability insurance (Serbian Association of Insurers)

On 21 October 2009 Serbian Competition Authority (KZK) [1] following an ex officio investigation annulled a decision of the Serbian Association of Insurers (UOS) [2] setting minimum premium rates for motor vehicle liability insurance as anticompetitive agreement prohibited by the relevant provisions of the national competition law [3] , equivalent to Article 81(1) EC. KZK established that on 23 July 2008 UOS adopted its Decision 08-03/14-2, which set minimum annual premium rates for motor vehicle liability insurance. After conducting a survey of premium rates applied by eleven insurance companies [4] , members of the UOS licensed to provide motor vehicle liability insurance services, KZK