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Insurance Legislation is Overhauled
  • Serbia and Montenegro
  • 03 August 2004

The new Insurance Law aims to bring order to the Serbian insurance sector. Among other things, it increases the levels of initial capital required to form insurance companies and affords wide-ranging powers to the supervisory authority, the National Bank of Serbia. However, due to several shortcomings it is unclear whether the law will succeed in attracting foreign investment.

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