RCA campaign pushed for late December

Insurance companies will be allowed to start selling their civil auto liability policies (RCA) for 2003 on December 19, according to the enforcement guidelines of the Law on mandatory civil liability insurance for damages caused to third parties, published in the Official Gazette last Saturday. “I think the RCA days will be most hectic this year, considering the holidays granted by the Government (i.e. no more working days this year after December 25),” says Bogdan Andriescu, general manager of the Eos Risq insurance broker and chairman of the National Union of Insurance Brokerage and Consulting Companies. Last year, the guidelines were published in the Official Gazette at the end of November and the companies had the entire month of December available to sell policies. Other companies say the solution did not necessarily reside in drafting the guidelines sooner, and that the insurance companies will still manage under the circumstances. “They (i.e. the guidelines) were published on 28 December in 2000, so things are better this year. The real issue here is that this insurance contract ought to be concluded for an insurance year not for a calendar year, as any other kind of insurance. When such time comes, there will be no more campaigns and no rush,” Viorel Vasilascu, general manager of Interamerican Romania says. ZF