Act 2002
Закон за супервизија на осигурување (Law on Insurance Supervision)
Issued by Insurance Supervision Agency (Агенција за супервизија на осигурување)
Plain-English summary
Governs the conditions for insurance and reinsurance business, insurance agencies and brokers, the supervision of insurers and the establishment and operation of the Insurance Supervision Agency (Art. 1). Art. 31(4) and Arts 45-47 require an Agency licence for a contract transferring a significant part of an insurer's activities. The consolidated text lists amendments up to Official Gazette 3/25 (original 27/2002); the Agency also lists a further amending law in Official Gazette 170 of 27 July 2026.
Who it applies to
Insurance
Topics
Prudential & Capital Insurance & Pensions
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Insurer outsourcing licence | Deadline Licence needed before the outsourcing agreement | Insurance Supervision Agency (Агенција за супервизија на осигурување) | official | |
Art. 31(4) requires a licence from the Agency for an outsourcing agreement, Art. 45 defines the agreement and the outsourced activities, Art. 46 sets grounds for refusing the licence and allows extra conditions for the service provider, and Art. 47 applies supervision rules to providers, requires the insurer to report on them and allows withdrawal of the licence. |
||||
| No obligations match these filters. | ||||
Latest news
-
RBI extends supervisory directions for Industrial Co-operative Bank Ltd.
3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
-
RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
-
RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…