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Insurance Law

Insurance Law

In Northern Cyprus, Insurance Law governs the terms and conditions of all insurance policies drafted and sold to the public by insurance agents and companies. The law also regulates the rights of the insured parties, as well as third parties that are protected by these policies. With its experts in the area of insurance Law, Gürkan & Gürkan Advocates and Legal Advisers provides exceptional service to both domestic and international clients. Our Firm also provides services to clients who are in the process of getting into the insurance business in Northern Cyprus, opening a branch or desiring to update their policies according to local regulations, evaluate the compliance of new insurance products with the regulations and making changes to products to ensure such compliance. Some of the services provided by our Firm in the field of insurance law include:

  • Disputes and the resolution of disputes in court, relating to auto insurance, sea and air insurance
  • Compensatory demands arising from accident insurance and collection of policy value
  • Facilitation of cases for the collection of insurance-related compensation arising from flood, fire, earthquake and other natural disasters, the follow-up on such cases and their finalization
  • Preparation of insurance policies, cancellation thereof, partial cancelation and retractions
  • Review of insurance policies and their revisions to comply with local regulation
  • Demands relating to the violations of insurance policy requirements
  • The facilitation of cases for the payment of compensation to insured parties by the insurance companies, the follow-up on such cases and their finalization
  • Legal consulting on the founding of insurance companies in Northern Cyprus or the opening of a branch