Insurance law is the branch of law that governs the relationships between insurance contracts, policyholders, and insurance companies. In Turkey, insurance law is regulated by legislation such as the Turkish Code of Obligations and the Insurance Law. Here is a general information note on insurance law and insurance cases in Turkey:
Types of Insurance: Common types of insurance used in Turkey include health insurance, vehicle insurance, fire insurance, business insurance, and property insurance. Each type of insurance may involve different conditions, coverage, and procedures. Policyholders should understand the types and scope of insurance and seek professional advice when necessary.
Insurance Contracts: An insurance contract is an agreement between the policyholder and the insurance company. The contract includes provisions such as insurance coverage, premium payments, guarantees, exceptions, and compensations. Policyholders should carefully review the contract and comply with its terms. Insurance companies should evaluate insurance claims in accordance with the contract provisions.
Insurance Claims and Disputes: Policyholders can file insurance claims when the risks covered by the policy occur. Insurance companies review the claims and, if deemed appropriate, provide compensation. However, claims can sometimes be denied or disputes may arise. Policyholders should accurately communicate their claims and, if necessary, take steps to protect their rights based on the insurance contract and relevant legislation.
Insurance Litigation: In case of insurance disputes, policyholders or insurance companies may resort to litigation. Insurance cases are typically heard in general courts. These cases involve the examination of insurance contract provisions, the relationship between the parties, and compensation claims. Insurance litigation is resolved in accordance with the Insurance Law and relevant legislation.
Insurance Supervision and Institutions: The insurance sector in Turkey is regulated by the Insurance and Private Pension Regulation and Supervision Authority (SEDDK). SEDDK oversees the activities of insurance companies and ensures the protection of consumer rights. Policyholders can seek assistance from SEDDK when facing potential issues.
This general information note provides an overview of insurance law and insurance cases in Turkey. Policyholders should carefully review their insurance contracts, act with awareness of their rights, and seek expert legal advice when necessary.