TURKEY: Authorities extended the ceiling on MTPL premiums for another year

The Turkish Ministry of Treasury and Finance has extended for another year the ceiling on MTPL tarrifs.

The Ministry's decision was published in the Official Gazette dated 4 January 2019, informed Middle East Insurane Review.

The application of a ceiling on premiums with effect from 12 April 2017 - is applied on premiums charged on high risk drivers, including drivers of cabs, minibuses, commercial buses and, following vehicle owners' complaints over large premium hikes in 2015 and 2016.

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