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Regulation on Activities to be Evaluated under Insurance Services, on Insurance Contracts Concluded
Amendment Regulation contains regulations regarding the insurances that can be provided by businesses whose primary business activity does not involve intermediating insurance, alongside the goods and services they offer. Amendment Regulation also outlines regulations pertaining to insurance transactions to be performed through distant sale devices, as well as amendments on the distant insurance contracts.
As per the amended article 10 of the Regulation, businesses whose primary business activity does not involve intermediating insurance can provide insurance services together with the goods and services they offer if all the following conditions are met:
- On the condition of being related to the goods sold or services provided, providing insurance guarantees solely for:
- Risk regarding breakage, loss, theft, malfunction of and any damage to the property;
- Risk regarding Loss, theft, delay of and any damage to the baggage; or
- Other risks related to travel services.
- Compulsory earthquake insurance can be sold only in the land registry offices and power and water administrations, through distant sales devices belonging to the Turkish Natural Catastrophe Insurance Pool,
- Compulsory automobile liability insurance can be sold through distant sales devices to be placed at the vehicle inspection control stations by the Insurance Agents Executive Committee.