Skip to main content

Article (7) Motor Vehicles' Insurance Tariffs

IA-BOD-RES 2/2009 Effective from 31/1/2010
  1. The prevailing tariffs of motor vehicle Insurance already circulated to the insurance companies via circular No.28/7/ EC/1055 dated 24.6.1996 shall remain valid till amended or replaced by the Board.
     
  2. When premium rates of motor vehicle insurance are determined it has to be observed that they shall be according to the technical principles of pricing operations of such type.