1. Mariana GARBAN - B.A.A.R. 9th Meeting of the South-East European Group National Bureaux The experience accumulated by the Romanian Bureau following the bankruptcy of two of its members in 2002

2. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol 2000 – 2002 difficult situation for the Romanian Bureau Grup AS and Metropol incapacity of payment banckruptcy B.A.A.R.= 10 members

3. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content The main cause of the bankruptcy: selling Green Card at very small tariffs (for ex.: 6-8$ / 15 days / car)

4. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content Measures taken by B.A.A.R.: 1. imposing a plan to bring the situation back to normal 2. the suspension of quality of members + withdrawal the authorization to practice Green Card (15.11.2001)

5. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol 3. The establishment of the Green Card Common Fund - initial contribution = 225.000 Euro/company regardless of the financial power - monthly contribution = a maximum of 6% from the cashed gross premium for Green Card

6. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content Lack of claim files = A major problem Grup AS and Metropol refused to collaborate with our Bureau. Comprehension from the National Bureaux

7. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content 4. Reimbursement protocols were signed and fulfilled with the Bureaux from Italy, Greece, Germany, Hungary

8. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content Outstanding debts of Grup AS + Metropol = 2 mil. Euro (15.11.2001)

9. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content Payments in the period 2002 - 2008 1.352 claim files in value of 5.009.546 Euros

10. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content TotalGrup ASMetropol File no.Amount Euros File no.Amount Euros File no.Amount Euros 20024672.114.3372481.030.3222191.084.010 20036711.871.426317548.6693541.322.757 2004109545.96363259.97046285.993 200540173.3012238.48518134.816 200629147.8291373.6251674.204 200726144.7441210.10214134.642 20081011.95177.20534.746

11. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Current claim reserve = 1.500.000 Euro

12. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content The re-organization of B.A.A.R.: - collecting necessary documentation (visits to the Bureaux from Belgium, Czech Republic, Germany, Italy, Hungary and correspondence with other Bureaux); - elaboration and approval of the new Constitution; - the elaboration and approval of the chart of B.A.A.R.; - the internal organization (change of location, hiring, elaboration of the internal regulations, etc.);

13. The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol Content Mariana GARBAN – B.A.A.R. General Assembly Management Committee Secretary General Manager Claims Notification Dept. False Green Cards- MA Uninsured Dept. Claims Handling Dept. Frontier Insurance Dept Manager Accounting Administrativ e Manager Legal Dept. Assistant Manager Auditor

14. Thank you for your attention! The experience accumulated by the Romanian Bureau following the bankruptcy of Grup AS and Metropol