The Serbian Competition Authority annuls the decision of the Serbian Association of Insurers regulating the terms of the Casco auto insurance services (Serbian Association of Insurers)

On 5 June 2008 the Administrative Council of the Serbian Association of Insurers (Udruženje osiguravača Srbije) (UOS) [1] on the basis of the preceding opinion of its Commission for Motor Vehicles (Komisija za motorna vozila) adopted a decision regulating the Casco auto insurance services provided by its members. On the basis of the empirical studies and risk assessment analysis the UOS arrived to the conclusion that possibility to pay fixed Casco insurance premium for the whole duration of the insurance contract has negative effects on the profitability of these services and reduces the liquidity of the insurance companies offering Casco insurance to their clients. As a result the UOS called its members to abandon this practices and re-calculate the premium rates on the yearly basis

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  • University of Macau - Faculty of Law (Macau)

Quotation

Alexandr Svetlicinii, The Serbian Competition Authority annuls the decision of the Serbian Association of Insurers regulating the terms of the Casco auto insurance services (Serbian Association of Insurers), 19 June 2009, e-Competitions Effect on interstate trade, Art. N° 26740

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