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| Name | Rrequirement to observe rules on competition in insurance business |
|---|---|
| Description | Competition in insurance business must be conducted according to market economic mechanisms. Penalty for unfair competition that causes damages to others is imprisonement and a fine |
| Comments | - |
| Validity From | 21-12-2011 |
| Validity To | 31-12-9999 |
| Reference | art 86, 87. Penalty in art 124 |
| Status | Active |
| Measure Type | Performance requirements (mandatory) |
| Agency Name | Ministry of Finance |
| Legal Document | Insurance Law Amended No. 06/NA, dated 21 December 2011 |
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| Description |
|---|
| All insurance and insurance-related services |