Household insurance, mandatory from July 1, 2010
Household insurance will probably become mandatory since July 1, 2010, announced Constantin TOMA, President of PAID, in the ICAR Forum, held yesterday, October 12, 2009, by Media XPRIMM, in partnership with the Ministry of Administration and Interior.
This deadline still surpasses by 6 months the originally announced variant. The delay of the law enforcement is also caused by the steps that are further necessary to form PAID.
The most important aspect is linked to creating the IT system to manage the sold policies.
"Since getting legal personality, we have two months to fully develop the law and to organize the information system, in order to include in the database those 8.3 million homeowners", said Constantin TOMA.
Strengthening the database will be a very hard work, as about 60% of this database is on paper support. So, to transfer all information on electronic support, manual processing will be required", said Radu Mircea POPESCU, expert on mandatory household insurance.
"The fact that only 40% of the database is on an electronic support will make our task even harder, so that the time limit for introduction of mandatory household insurance cannot be less than 1 July 2010", added Constantin TOMA.
Author: Mihaela CIRCU
on 13.10.2009
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