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PSzÁF requires insurers to submit changes to mandatory vehicle insurance stock

Hungarian financial market regulator PSzÁF has issued resolutions requiring insurers to submit data on changes to their stock of mandatory vehicle insurance policies made during campaigns at the end of the year.

PSzÁF issued identical resolutions on the matter for all insurers that sell the products.

Hungarian drivers who purchased vehicles before the end of 2009 may change mandatory vehicle insurance providers once a year during the month of November. Drivers must stay with an insurer for at least one year. (MTI Econews)