With the new published Regulation of Insurance Agents, agencies must have use either ‘insurance brokerage’ or ‘insurance agents’ on their name. Agencies will be responsible damages which is caused by their professional activities. Furthermore Undersecretariat will be authorizing to seek insurance obligation. In addition to that one of these testimonies ‘insurance brokerage’ or ‘insurance agents’ are used on agents name. Agencies can use additional testimonies as long as being not against the legislation. Prime Ministry Undersecretariat of Treasury’s Insurance Agents Regulation have published in the official gazette. Regulations covers basis and procedures on qualification of natural and legal persons which will be the agency of insurance; their institutions and organizations; authorities and responsibilities.
Agencies will not use ‘insurance’ on their name
