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ARTICLE · 28 SEPTEMBER 2015

New Regulation Published For Insurance Support Services In Turkey

Moroglu Arseven
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The Regulation Regarding Insurance Support Services was published in Official Gazette number 29459 on 28 August 2015 ("Regulation"), entering into force three months after that date.

TurkeyInsurance
E. Benan Arseven
E. Benan Arseven
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The Regulation Regarding Insurance Support Services was published in Official Gazette number 29459 on 28 August 2015 ("Regulation"), entering into force three months after that date. The Regulation outlines principles and procedures for procurement of support services by corporations, within the scope of Insurance Law number 5684 and the Law on Personal Pension Savings and Investment System number 4631. Existing agreements between corporations and support service providers which fall within the Regulation's scope must be brought in line with the new requirements by 28 August 2016.

Support services which fall within the Regulation's scope are listed in Article 4. Key provisions introduced by the Regulation include:

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