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3 August 2015
Publication | Turkey | Practical Law | Q&A
This Turkey Q&A on insurance and reinsurance has been written by Arpat Şenocak and Ece Çakırel, partner and senior associate at Özdirekcan Dündar Şenocak attorney partnership, Gide's correspondent firm in Turkey, and published by Practical Law Global Guides, a publication of Thomson Reuters in August 2015.
It gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Turkey.
Click here to read the online version of the Q&A.
