Insurance law passed by Parliament
Parliament approved a new law on insurers that draws on post-crisis market and regulatory experience and transposes European Union directives into national rules, MTI reported today.
The law gives clients cancellation rights for 30 days from the signing of life insurance policies longer than six months.
Hungary’s governing party Fidesz has a two third majority, with 116 MPs, allowing the party to pass laws with every other parties voting against or staying in abstention.
Government Acknowledges Drop in Motor Fuel Prices
EU Affairs Ministry, AmCham Sign Strategic Partnership Deal
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
