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Motor Third Party Liability insurance (Ro. RCA), also valid in electronic format

Bucharest, August 26th, 2020 - The Council of the Financial Supervision Authority (Ro. ASF) has approved, within today's meeting, the amendment and completion of Norm no. 20/2017 on the car insurances in Romania regarding the article that regulates the proof of concluding the RCA insurance in case of controls performed by the competent authorities. 

Thus, in Article 10, Item 11 it is shown that proof of the conclusion of the RCA insurance, in case of controls performed by the competent authorities is:

Letter a) the RCA insurance policy and RCA contract issued by the RCA insurer, for the registered period of validity presented on paper or in electronic format; 

Letter b) proof of motor third party liability insurance, issued by RCA insurers from other states, valid on the territory of Romania and only for the period mentioned therein, or the border insurance policy for vehicles registered outside the European Economic Area and the Swiss Confederation, presented on paper or in electronic format. 

At the same time, in the same article, Letter c) was introduced, stipulating that the proof of the conclusion of the RCA insurance, in the case of controls performed by the competent authorities, is the information resulting from the database query with the compulsory motor third party liability insurance concluded on the territory of Romania, certifying the existence of a RCA contract valid on the date of the interrogation. 

The amendments and completions brought to Norm no. 20/2017 enters into force within three days from the date of their publication in the Official Gazette of Romania, Part I.

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About the Financial Supervisory Authority

The Financial Supervisory Authority is the national authority set up in 2013 by EGO no. 93/2012, approved by Law no. 113/2013, for the regulation and supervision of insurance markets, private pensions, as well as the capital market. ASF contributes to strengthening the integrated operating framework of the three sectors, which totals more than 10 million participants. More information can be found on www.asfromania.ro.