Insurance Distribution Directive already transposed in Bulgaria

December 17, 2018

Although the implementation of the Insurance Distribution Directive (“IDD”), after a postponement, was finally due to be complied with on 1 October, the IDD transposition in certain EU countries, including Bulgaria, has been further delayed. The Bulgarian transposition law, in the form of amendments to the current Insurance Code, was published on 7 December 2018 and become effective same day, at least on paper

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