Legal Framework of the Insurance Sector in Montenegro

Report on the Legal Framework of the Insurance Sector in Montenegro

The scope of this report – by Rokas (Podgorica) – is to present the legal regime framework related to insurance in Montenegro, which is as follows below

1-REGULATION

2-INSURANCE AND REINSURANCE COMPANIES, BRANCH OFFICES OF FOREIGN INSURANCE COMPANIES AND DIRECT PROVISION OF INSURANCE SERVICES, WHEN APPLICABLE

3- INSURANCE SUPERVISION

4-QUALIFICATIONS AND SUPERVISION OF THE MANAGEMENT

5- CAPITAL REQUIREMENTS AND RESERVES

6-INSURANCE INTERMEDIATION

7-TYPES OF COMPULSORY INSURANCES

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