President of Belarus Introduced Additions to Arranging Insurance
OREANDA-NEWS. April 30, 2008. Taking into consideration the practice of arranging certain types of insurance, on 28 April the President of the Republic of Belarus issued Decree No 236 introducing amendments and additions to the presidential decrees regulating the procedure and conditions of arranging insurance of the types concerned, reported the Official website http://president.gov.by.
With a view to expanding cooperation of underwriters with private organisations and banks, corporate entities and private banks have been entitled to act as intermediaries-insurance agents covering all types of voluntarily insurance, including voluntary medical insurance and life insurance.
Some amendments have been introduced to the procedure and conditions of arranging compulsory motor vehicle liability insurance in connection with the shifting of the Republic of Belarus from the status of a transit (temporary) to the status of a full (permanent) member of the Green Card System.
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