Financial Supervision Authority: “Car insurance increase, unjustified, irregular”

30/08/2016 00:00

The Financial Supervision Authority sent a letter to insurance company,
asking them to cancel vehicle insurance price increase. The regulator
entity notes in this document that the price increase is not justified
and has not implemented the regulation in act.

“The price increase was not real and not based on technical terms”, the Authority says, asking companies to cancel it and return the previous fees.

A few days ago, the insurance fee raised with 20% for all vehicle categories.

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