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 İstanbul Gelisim Vocational School - myo@gelisim.edu.tr

Banking And Insurance








 Changes in Traffic Insurance


The regulation on the principles of tariff application in the Highways Motor Vehicles Compulsory Liability Insurance has been amended by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK).


According to this change, as of February 1, 2022, the authority to increase premiums by 20 percent in compulsory traffic insurance tariffs has been brought. It has been announced that the monthly increase has been increased from 1.25% to 1.50% and 32 TL will remain as a commission for the agencies in cancellation policies.

Source