State supervision

 

Meaning of the word: State supervision

State supervision controls the interest of consumer protection. It is a public authority which is controlling, if the insurance institutions are able to fulfil their obligations towards customers. State supervision is in the Czech Republic maintained by the Audit Office and it controls the functioning of insurance companies.

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Vehicle insurance

Vehicle insurance is also known as car insurance. It is mandatory insurance for every vehicle using on public roads. It is primarily using to protect…

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