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Announcement: Successful completion of the Twinning Project in Montenegro

Bulgarian National Bank (BNB) and the Ministry of Finance of Montenegro, the Central Bank of Montenegro (CBCG), the Insurance Supervision Agency, and the Securities Commission today have successfully completed a two-year twining project MN 08 IB FI 01 “Strengthening the Regulatory and Supervisory Capacity of the Financial Regulators”. The Project commenced on 30 November 2009 and the European Union (EU) financed it through “Instrument for Pre-accession Assistance” with the budget of 1,199,966.94 euro. BNB implemented the Project in consortium with the De Nederlandsche Bank and the Bulgarian Financial Supervision Commission.

Results of Taking the Professional Exam for Conducting Insurance Brokerage or Insurance Agency Activities held on 7 November 2011

Results of Taking the Professional Exam for Conducting Insurance Brokerage or Insurance Agency Activities held on 7 November 2011 can be downloaded here.

In accordance with Article 4 of the Rulebook on the Content and the Manner of Taking the Professional Exam for Conducting Insurance Brokerage or Agency Activities (Official Gazette of Montenegro, No 47/09 of 24 July 2009), the next term for applying to and taking the professional exam is May 2012.

Notification on taking the professional exam for conducting insurance brokerage or insurance agency activities

Candidates who have applied to take the professional exam for conducting insurance brokerage or insurance agency activities are hereby notified that the exam is to take place in two groups on Monday, 7 November 2011, and so as follows:

Download schedule of taking the exam here (PDF format)

The exam is to take place at the premises of the Insurance Supervision Agency, Kralja NIkole 27A/III. All candidates are kindly requested to bring along their identity cards or passports for identification purposes in order to take the exam.

Notification: Border insurance introduced for the Republic of Kosovo

Pursuant to the letter addressed to the Insurance Supervision Agency by the Kosovo Insurance Bureau on 18 October 2011, we hereby notify the citizens of Montenegro that starting from 1 November 2011 vehicles having Montenegrin registration plates must have border insurance entered into for a period of at least 15 days to enter into and to travel on the territory of Kosovo.

Council of the Insurance Supervision Agency issued a consent to changes of the Insurance Tariffs for Compulsory Accident Insurance of Passengers in Public Transport

On its 74th session held on 29 September 2011, the Council of the Insurance Supervision Agency issued consent to changes of the Insurance Tariffs for Compulsory Accident Insurance of Passengers in Public Transport, as proposed by the National Bureau of Insurers of Montenegro. The said change of the Tariff abolishes the obligation of policyholders to pay 100% increased premium for buses transporting passengers outside of Montenegro.

Rulebook Amendments to the Rulebook on the Content of Reports, Notifications and Other Data Submitted by the Insurance Company to the Insurance Supervision Agency and the Manner and Deadlines for Submission Thereof adopted

The Council of the Insurance Supervision Agency adopted the Rulebook on Amendments to the Rulebook on the Content of Reports, Notifications and Other Data Submitted by the Insurance Company to the Insurance Supervision Agency and the Manner and Deadlines for Submission Thereof.

 

Said amendments define the form and the content, as well as deadlines for submission of quarterly financial reports by insurance companies to the Insurance Supervision Agency, aligned with the Law on Amendments to the Law on Accounting and Auditing.