TIRANA, June 17/ATA/ The Financial Supervision Authorit-FSA, pursuant to the new Law “On Compulsory Insurance in the Transport Sector”, has drafted and published another draft regulation on the public consultation.
The document defines the calculation of the Compensation Fund, cases of infection, cases of intervention and restoration of the minimum value of this fund ”, as well as the method of calculating the fund, the contribution of each member of the Albanian Insurance Bureau to the minimum value of the compensation fund as well as the cases of infection, intervention and deadlines for the restoration of this value.
Also, the draft regulation clearly specifies that, the Albanian Security Bureau must maintain in any case a minimum value of ALL 150 million. This amount is funded equally by all members of the Bureau and serves as a guarantee fund for the Compensation Fund. The document defines the investment opportunities and modalities of the Guarantee Fund, as well as the cases of infection by the Bureau and the deadlines for the restoration of this minimum value. //a.i/
