Slide 6: Establishing best business standards is imperative In addition to regulatory measures, with its supervisory activities the National Bank of Serbia gave an impetus for the necessary improvements in the insurance market. For example, in the area of life insurance sale, we observed a need to adequately verify the health status of the insured before he is accepted into insurance.
If such verification is not conducted, it is clear that the insurance claim must be paid out regardless of the health status of the insured before entering the insurance contract. Supervision revealed that only a smaller number of insurance undertakings have not adopted our recommendations entirely and we will remain committed to that goal.