Wednesday, January 19, 2011

RC Cars: Watch out for shell companies

ISVAP, the national audit institution of insurance companies, has repeatedly announced that the company knows Reasigurare Asigurare Euroins Romania, a company headquartered in Bucharest (Romania) is not part of the companies entitled to conduct insurance in Italian as regards compulsory insurance of civil liability for motor vehicles.

With this communication to all motorists of the Peninsula, Isvap guardiagli users who want to put in the eventual signing of contracts with such third party motor insurance company are void and therefore, in the event of a claim, there would be no compensation. For intermediaries, however, would carry out an activity permitted under current industry standards.

The national authority then suggests all citizens to check before entering into contracts of insurance, the company that issues them is authorized to carry out this activity and is registered as a business, which is also available on Site www. ISVAP. com.

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