National bureau of bulgarian motor insurers
Functions
The National Bureau of Bulgarian Motor Insurers – NBBMI:
• organizes, administers and controls the preparation, print out and issuance of the international cards for motor insurance referred to as Green Card certificate as well as frontier insurance.
• protects the interests of its members before the Council of Bureaux and its authorities, before the competent authorities of the European Union and the Member States, before central and local administration authorities, legal authorities, as well as before any third parties, by reasons and in connection with the Third Party Liability Insurance of Motorists and the Green Card Certificate.
• enters into agreements with national insurance bureaux, compensation bodies and guarantee funds of Member States in connection with the functioning of the Third Party Liability Insurance of Motorists.
• accepts notices of injured persons of damages and injuries caused to them in the territory of Republic of Bulgaria, by motor vehicles normally based on the territory of a Member State or a third country.
• assists for the due payment by the Members of the Bureau of any indemnities for damages caused abroad.
• pays indemnities as a Compensation body in the cases stipulated in the Insurance Code and in Art.45 of the Articles of Association of NBBMI.
