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

FREQUENTLY ASKED QUESTIONS

Does the liability of the insurance company continue even when the insurance is cancelled? Although the insurance company has the right to cancel the insurance or if it has canceled it, in a case whereby there is a provision in favour of third parties and against the insured, and the liability the provision is based on is covered by the insurance, the insurance company is obliged to make payments.
Under what circumstances is the insured not required to pay? In general, although the insurance compensates for the damages incurred, the insurance company cannot be imposed with the liability in some cases. If the insurer is not notified before the start of the judicial proceedings...
Is it necessary to have insurance against third party risks? If there is no valid insurance policy prepared in accordance with the law against the risks arising against third parties in the use of a vehicle, the vehicle owner cannot cause or allow any persons to use the said vehicle...
What is the Right of Recourse in insurance cases? The right of recourse is the right of the insurer compensating and insured under a contract of indemnity to take recourse the compensation from the party causing damages by fault and negligence. However, the insured cannot transfer their right to sue the insurance company.
What are the requirements of motor vehicle insurance policies? First, the policy must be made with an insurance company. In addition, the insurance needs to protect the person or persons specified in the policy...

All Frequently Asked Questions

Trustworthy knowledge. Longstanding experience.

Insurance Law