Turkish Insurance Law governs the legal framework for both social and private insurance schemes. It protects the rights of both policyholders and insurers and regulates the overall functioning of the insurance market. At ER&GUN&ER Law Firm, our insurance lawyers assist individuals and corporations with insurance disputes, policy claims, and compliance matters.
The Core Components of Turkish Insurance Law
Key elements of insurance law in Turkey include:
- Policies and Premiums: Legal agreements outlining terms, coverage, and compensation
- Rights and Obligations: Duties of insurers to pay and of insureds to disclose accurate information
- Policy Termination: Rules governing cancellation, renewal, and non-disclosure penalties
Types of Insurance Under Turkish Law
- Health Insurance: Covers public (SGK) and private healthcare plans
- Travel Insurance: Protects against trip cancellation, emergencies, and liability abroad
- Car Insurance: Mandatory traffic insurance and optional full coverage
- Home Insurance: Covers structure, contents, and third-party damages
- Earthquake Insurance (DASK): Mandatory for all residential properties
If you experience claim denial or a dispute with an insurance provider, our insurance lawyers in Turkey can assist you in enforcing your rights.
Foreign Participation in Insurance
According to Article 15 of the Insurance Law, foreign entities operating in Turkey must insure local risks through Turkish-licensed insurers. Foreigners residing in Turkey over one year become eligible for public health insurance via the Social Security Institution.
FAQ About Insurance Law in Turkey
Can Third Parties Sue Insurers Directly?
In general, no. However, if the insured is deceased, bankrupt, or a dissolved entity, third parties may file claims directly against the insurer under Article 1478 of the Turkish Commercial Code.
What Are Compulsory Insurances in Turkey?
These include DASK (earthquake), motor third-party liability, and employer liability insurances. Failure to obtain them may result in administrative penalties or coverage denial.
Who Regulates Insurance in Turkey?
The Ministry of Treasury and Finance, in coordination with the Insurance and Private Pension Regulation and Supervision Agency (SEDDK), oversees the sector.
