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Credit facility operations

Capital transactions according to Law on foreign currency transactions

According to the provisions of Law on Foreign Currency Transactions (“Official Herald of the Republic of Serbia”, Nos. 62/2006, 31/2011, 119/2012, 139/2014 and 30/2018) capital transactions shall be transactions between residents and non-residents and the purpose of which is the transfer of capital. Capital transactions shall be the following: Direct investments Investments in real estate…
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Law on Compulosory Traffic Insurance

Competence of the guarantee fund and indemnity procedure

The Guarantee Fund within the Association of Serbian Insurers was established in accordance with the Law on Property and Personal Insurance of 1996 and started its operations in July 1997. Pursuant to the law, operation of the Guarantee Fund is entrusted to the Association of Serbian Insurers as part of public functions. The Guarantee Fund…
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Insurance Law

Professional liability insurance in Serbia

Professional liability insurance provides insurance protection to the insured for claims for compensation of ordering parties of services that are the result of professional fault of the insured in performing the registered activity and for which the Insured is liable under the law. Professional fault is a violation and / or derogation of the existing…
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Propisi Republike Srbije i osiguranje od odgovornosti

Compulsory insurance against liability

Insurance against liability insurance is important for the policyholder, which has a policy for this type of insurance, as well as for the person who has suffered damage from the policyholder. The importance, which the insurance against liability has for the policyholder, is that it provides security to the insured person. The insurance company instead…
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Insurance with a foreign insurance company

Insurance of the claims against foreign insurance company

According to the provisions of Article 274, paragraph 2 of Insurance Law until the day of accession of the Republic of Serbia to the European Union, risks may be insured with a foreign insurance company if insurance against those types of risks is not conducted in the Republic of Serbia, as well as other risks…
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