New Era in Compulsory Traffic Insurance of Risky Vehicles

A convenience has been provided for citizens who cannot insure their vehicles with high damage frequency. With the decision published in the Official Gazette, the Insurance and Private Pension Regulation and Supervision Agency became the premium determinant of risky vehicles.

In today’s issue of the Official Gazette, technically all Concerning vehicle owners A decision was made. Regulation on Amending the Regulation on Tariff Application Principles in Highways Motor Vehicles Compulsory Liability Insurance The decision named, now some citizens can have compulsory traffic insurance. you won’t have a hard time it reveals.

Insurance companies cause problems in some of the vehicles for which they provide compulsory traffic insurance. they refuse to make an offer. The reason for this is that some vehicles have much higher damage frequencies than others. The decision published in today’s issue of the Official Gazette prevents a citizen from experiencing problems in this situation. Insurance and Private Pension Regulation and Supervision Agency (SEDDK) for vehicles that cannot be bid on. premium will be decisive. In this way, the vehicle will be prevented from traveling in traffic without insurance.

The decision includes the following statements:

ARTICLE 1- The following sentence has been added to the first paragraph of the 1st article of Annex-4 of the Regulation on Tariff Application Principles in Highways Motor Vehicles Compulsory Liability Insurance published in the Official Gazette dated 14/7/2007 and numbered 26582, after the first sentence.

“The Board is authorized to decide whether the vehicles of operators who cannot receive an insurance premium offer within the scope of this Regulation within the specified period will be included in the Pool, regardless of their group, and the maximum premium amounts to be applied to them.”

ARTICLE 2- This Regulation shall enter into force on the date of its publication.

ARTICLE 3- The provisions of this Regulation shall be enforced by the Chairman of the Insurance and Private Pension Regulation and Supervision Agency.

The government published in the Official Gazette in 2017 Regulation on Amending the Regulation on Tariff Application Principles in Highways Motor Vehicles Compulsory Liability Insurance by decision “Risky Insured Pool” was established. This pool distributed vehicles with high damage frequency not to a single insurance company, but to multiple companies. The high financial risk arising from vehicles in this category, thus was being shared. The decision taken today will make things easier for both insurance companies and citizens who own vehicles with high damage frequency.


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