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Ekonomia

AFSA launches investigations against Bureau and insurance companies, all under monitoring for accident compensation

AFSA launches investigations against Bureau and insurance companies, all under

The Financial Supervision Authority starts investigations against insurance companies and the National Insurance Bureau for road accidents on July 1st. A few weeks ago a series of changes were made to the law on compulsory road transport insurance. Some of these changes shorten the procedures for citizens and avoid their delays by the National Insurance Bureau, causing the compensation of damages from accidents to be done immediately by the company at the request of citizens, for a certain category. However, due to the numerous complaints, the AFSA did not stop there and issued a new draft regulation, which aims to increase monitoring of the bureau and companies. According to this document, AFSA will supervise any movement of the Bureau, from the obligations within the institution, the fund it seeks up to the compensation of the injured. “Through the exercise of supervisory powers over the Bureau, the aim is to monitor and implement: the financial obligations deriving from the membership in the Green Card system; legal obligations related to the treatment of damages subject to the Compensation Fund; claims payments from the Compensation Fund; obligations arising from membership in the Council of Bureaus; other legal obligations related to the activity of the Bureau ”, it is stated in the draft. obligations arising from membership in the Council of Bureaus; other legal obligations related to the activity of the Bureau ”, it is stated in the draft. obligations arising from membership in the Council of Bureaus; other legal obligations related to the activity of the Bureau ”, it is stated in the draft.

Investigation for insurance companies

Since the process of compensation for accidents also depends on the company where the driver is insured, AFSA has decided that all insurance companies should be under supervision. It is even left to the Bureau to report to the authority in case of evasion or delays in compensation by companies. While AFSA will not allow companies to delay more than 15 days the provision of compensation to injured citizens in case of accident. “Insurance companies are obliged to pay the contributions for the financing of the fund / additional fund, within 15 calendar days after receiving the notification from the Bureau. The Bureau is obliged to notify the Authority within 5 days, if an insurance company acts in contradiction with the obligations ", notes AFSA.

Reporting damages

It has happened that from the fund for compensations more has been spent in relation to the number of compensations made. For this reason, AFSA obliges the Bureau to report every month the reasons for the movements made in the fund, the reporting of claims paid, the receipts made and the type of compensation for each registered case. “Financing, administration and balance at the end of the month of the Compensation Fund; analytical list of claims paid by the Compensation Fund as well as a summary of claims claims reported, paid and pending, in number and value divided into claims on property and person; receipts realized from return lawsuits ", it is stated in the document.

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