TEN INSURERS STILL PLAN TO ISSUE GREEN CARDS POLICIES

Business | February 4, 2002, Monday // 00:00

Ten insurance companies still plan to issue obligatory “green card” policies for travels abroad, starting April, after insurance and re-insurance company Evropa gave up plans to do so. The companies rival the current monopolist issuing Green cards insurance policies in Bulgaria – local insurer Bulstrad, majority-owned by Dutch-based TBI Holding. They are required to submit a six-year bank guarantee for EUR 600,000 plus a re-insurance plan by April 4th the latest. A total of 16 banks have been allowed to issue guarantees, which is seen as the most difficult requirement to meet. The number of eligible candidates is expected to shrink even further. The National Green Card Bureau was set up in July, 2001 by 11 insurance and reinsurance companies. Last month it set premium revenues for 2002 at BGN 30 M.
Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria