RESOLUTION OF THE NATIONAL COMMISSION ON THE FINANCIAL MARKET OF THE REPUBLIC OF MOLDOVA

of June 24, 2019 No. 25/2

About procedure for representation, approval and application of aktuarialny calculation of insurance premiums for compulsory third party car insurance

Based on provisions * Art. 11 of the Law on obligatory civil liability insurance for the damage caused by vehicles No. 414/2006 (it is repeatedly published in the Official monitor of the Republic of Moldova, 2016, No. 44-48, by the Art. 85), and according to the Resolution NKFR No. 57/13 of 28.12.2018 (The official monitor of the Republic of Moldova, 2019, No. 76-85, the Art. 416), the National commission on the DECIDES: financial market

1. The insurers authorized to perform activities for compulsory third party car insurance annually, till March 15 of the current year, represent to supervision body the statistical database for statistical data (avoiding duplication of the renewed/changed agreements), according to appendix to Single methodology of calculation of the basic insurance premium and corrective coefficients on internal and external compulsory third party car insurance (further - Methodology) approved by the Resolution NKFR No. 57/13 from 28.12.2018, in the following procedure:

1) the statistical database is submitted electronically, initially over the last 5 years (separately for each consecutive year), and then for previous year, confirmed officially by the letter certified by the autographic / strengthened qualified digital signature of authorized executive body of the insurer;

2) the insurers performing activities less than 5 years represent the statistical database for the period of implementation of the activities.

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