Regarding the Sector Announcement

Dear Member,
With reference to the letter sent to our Chamber by TOBB, the "Sector Announcement on the Restriction of the Right to Choose an Insurance Company" dated 05.03.2025 and numbered 2025/2, issued by the Insurance and Private Pension Regulation and Supervision Agency, a copy of which is attached, states in summary that:

• It has been understood that, for the provision of certain products or services, especially by credit institutions, it is made a condition that policies be issued by certain insurance companies or through certain intermediaries, and that, where policies have already been issued, the cancellation of such policies is requested,

• Policies meeting the necessary conditions must be accepted by those offering the product or service without imposing any other condition,

• Policy cancellation requests submitted by any person or organisation other than the parties to the policy should not be taken into consideration by insurance companies,

• Such practices aimed at restricting the right to choose an insurance company are subject to penal sanctions within the framework of the relevant provisions of Articles 32, 34 and 35 of Law No. 5684
  , and it is important that the relevant persons and organisations exercise the utmost care in order not to be subject to sanctions,

are stated.

Annex: Regarding the Sector Announcement

Kind regards,
Elazığ Chamber of Commerce and Industry