Business & Commerce

––  Sigortacılık Kanununun 30 uncu Maddesinin On İkinci ve On Beşinci Fıkralarında Yer Alan Parasal Sınırların Artırılmasına İlişkin Tebliğde Değişiklik Yapılmasına Dair Tebliğ

🇹🇷Türkiye··Law·Medium Impact0·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

This law updates the financial limits related to insurance regulations in Turkey. It specifies that the amounts considered for applications will be based on the date the application is made, affecting insurance companies and policyholders. The changes take effect immediately upon publication.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • The financial limits for insurance applications are now based on the date of application.
  • The regulation clarifies how amounts are determined for arbitration panels.

Obligations

What this law requires

high

Apply the monetary limits specified in Article 30, paragraphs 12 and 15 of the Insurance Law based on the date the application is submitted

Insurance companies, Insurance regulators
operational
high

Apply the monetary limits for arbitration proceedings based on the date the arbitration board is constituted

Insurance companies, Arbitration bodies
operational
high

Implement this regulation effective immediately upon publication in the Official Gazette (19 March 2026)

Insurance and Private Pension Regulation and Supervision Authority (SEDDK), Insurance companies
operational
high

The Insurance and Private Pension Regulation and Supervision Authority President must execute and enforce the provisions of this regulation

Insurance and Private Pension Regulation and Supervision Authority (SEDDK) President
operational

Affected Parties

Insurance companiesPolicyholders

Tags

insurance,regulation,financial limits