HUNGARY, MNB: Insurers must validate contracts with former Astra policy holders

26 October 2015 —
Insurers must recognize the mandatory vehicle liability insurance contracts as valid from October 1 for former policy holders of Romanian insurer Astra who terminated their contract by mutual agreement from September 30 even if Astra has not yet reported the termination of the contract in the Centralized Claim History Registration System (KKNYR), the National Bank of Hungary (MNB) said yesterday. Read the full story HUNGARY, MNB: Insurers must validate contracts with former Astra policy holders
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