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Compulsory Earthquake Insurance and Premium Refund Regulation in Housing Sales
Following an application by the Ombudsman Institution, a change was made in the COMPULSORY earthquake insurance practice, stipulating that in housing sales, the old policy expires on the title deed registration date and the unused premium is refunded.
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New era preventing duplication in Compulsory Earthquake Insurance policies upon Ombudsman Institution's recommendation
A new regulation preventing the issuance of duplicate Compulsory Earthquake Insurance policies for the same home during house sales has been published in the Official Gazette.
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Economy