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Insurance update

October 2012 - Corporate & Commercial. Legal Developments by Pekin & Pekin.

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Insurance

Amendments to the Regulation on Technical Reserve for Insurance and Reinsurance of the Retirement Companies

Regulation on Technical Reserve for Insurance and Reinsurance of the Retirement (published in the Official Gazette on August, 7 2012 and numbered 26606) was amended on July, 17 2012. The Regulation amends articles about reserve for unearned premiums, reserve for unexpired risks, provision for outstanding claims and actuarial unit.


About Pekin & Pekin

Pekin & Pekin is a full-service Turkish law firm based in Istanbul. The Firm advises on cross-border transactions in Turkey and the region, and over the 40 years since establishment has gained broad experience in both international and Turkish law. A member of Lex Mundi, TerraLex and SEE Legal, and advisor to ISDA and ICMA, the Firm is committed to excellence and has a culture of participation and success, driving all to exceed client objectives.

For more information contact:

Charlotte McCrudden

Business Development

charlotte@pekin-pekin.com

T: +90 212 313 3503