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Amendment to the Regulation on Arbitration in Insurance
Recent Amendment
Pursuant to Article 30 of the Law No. 5684 on Insurance which entered into force in 2007, arbitration has been foreseen as a dispute resolution method for insurance related disputes. Rules and procedures regarding arbitration in insurance are regulated under the Regulation on Arbitration in Insurance No. 11554 ("Regulation") and there have been some changes to the Regulation in the Official Gazette No. 31564, dated 10 August 2021, which are summarized below.
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By Esin Attorney PartnershipRecent Amendment
Pursuant to Article 30 of the Law No. 5684 on Insurance which entered into force in 2007, arbitration has been foreseen as a dispute resolution method for insurance related disputes. Rules and procedures regarding arbitration in insurance are regulated under the Regulation on Arbitration in Insurance No. 11554 ("Regulation") and there have been some changes to the Regulation in the Official Gazette No. 31564, dated 10 August 2021, which are summarized below.