“Communique on Amending the Communique on Increasing the Monetary Limits in the Twelfth and Fifteenth Paragraphs of Article 30 of the Insurance Law”

According to the amendment made in the communique;

• As of 28.02.2023, the arbitral awards rendered upon disputes under 15.000,00 Turkish Liras are final.
• The arbitral awards rendered upon objections regarding disputes over  238.730,00 Turkish Liras made to the Insurance Arbitration Committee can be appealed.
• In the application of monetary limits on remedies of objection and appeal, the monetary limits in force at the time of the award will be taken into account.

The related Communique can be accessed through https://www.resmigazete.gov.tr/eskiler/2023/02/20230228-9.htm