Governance, Risk and Compliance – The Moldovan Insurance Industry

Date: 2015-12
Pages:40
Price:

“• National Commission on Financial Market (NCFM) is responsible for supervision and control of the Moldovan insurance industry.

• 100% FDI is permitted in the Moldovan insurance industry.

• Composite insurance is not permitted in the Moldovan insurance industry.

• Motor third -party liability insurance and health insurance are the classes of compulsory insurance in Moldova.

• Non-admitted insurance is not permitted in Moldova. However, resident insurance and reinsurance companies can place reinsurance business with a reinsurer not registered in the country.”

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