Insurers contribution percentage for the Street Victims Protection Fund

In the Official Gazette of Romania, Part I, no. 211 of 25 March 2014 was published the Financial Surveillanec Authority`s Board Decision no. 12/2014 on the insurers contribution  percentage for the Street Victims Protection Fund.

According to the enactment, the contribution for insurers who practice compulsory civil liability insurance  for damages caused by car accidents (RCA), at the Street Victims Protection Fund, for the year 2014, is set at the percentage of 1.00% from the gross premiums charged for this insurance.

In case of late payment of the contributions, are due penalties, calculated according to the regulations applicable to the budgetary debts.

:: The source: JURIDICE.ro

Adina Elena OPREA
Junior Lawyer D&B David şi Baias

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