Turkey - Insurance



Government regulations effective 1929 and subsequently amended require all insurance companies to reinsure 30% of each policy with the National Reinsurance Corp., a state organization; in 1954, life policies were exempted from this requirement. It is possible to secure insurance policies for flood damage, third-party liability, earthquake, commercial shipments, theft, fire, and accident, as well as life. Varied social security schemes are administered directly by the state. Third-party automobile liability, workers' compensation, and employers' liability are all compulsory. Workers' compensation is covered solely by the government as a part of the Social Security scheme. The insurance market is officially regulated through the Ministry of Commerce.

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elham asadi
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Oct 15, 2008 @ 1:13 pm
hello.
I need to this article for reasearch that it is for univercity of Esfahan, Iran.

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