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Economic Press Monitor: Finances & Banking
April 20, 2017


EUGEORGIA.INFO: “INSURANCE MARKET IS GETTING PREPARED FOR DRASTIC CHANGES”

Georgia-EU Association Agreement envisages introduction of compulsory Motor Third Party Liability (MTPL) insurance in Georgia.

Head of the State Service for Insurance Supervision Kote Sulamanidze says that according to the EU directive (2009/103/EC), MTPL insurance will be compulsory initially for transit vehicle owners.

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