Compulsory Insurance
Conditions and rules for the conclusion and performance of contracts pertaining to the:
- compulsory liability insurance of motor vehicles owners,
- the compulsory liability insurance of farmers and the compulsory insurance of the farm buildings against fire and
- other fortuitous accidents
lays down the Act of 22 May 2003 on compulsory insurance, the Insurance Guarantee Fund and the Polish Motor Insurers' Bureau.
Moreover, the Act lays down the:
- controlling methods of the execution of the legal obligation to conclude the abovementioned insurance contracts,
- the consequences of not fulfilling of this legal obligation,
- basic principles that other specified compulsory insurance contracts should meet,
- the tasks and principles of the Insurance Guarantee Fund and the Polish Motor Insurers' Bureau.
Obligation to concludecompulsory insurance contracts - mainly liability insurance - is also laid down by the provisions of other Acts, so-called "professional", governing the exercise of a profession or to provide certain types of services. Compulsory insurance is imposed, inter alia, tax advisors, lawyers, medical companies, bailiffs.