1. Cristina Daniela OANCEA - B.A.A.R. 9 th Meeting of the South-East European Group National Bureaux The Collaboration of the Romanian Bureau with its Members

2. I. The Romanian Bureau – About II. Members III. The Relationship between B.A.A.R. and its Members

3. The Collaboration of the Romanian Bureau with its Members I. The Romanian Bureau – About - The Romanian Bureau – B.A.A.R. – is the association comprising MTPL insurers - B.A.A.R. = Green Card Bureau

4. The Collaboration of the Romanian Bureau with its Members II. Members B.A.A.R. = 16 Members ABC AsigurareAsiban ArdafAsirom - VIG Astra UniqaAllianz-Tiriac Asigurări BCR Asigurări - VIGBT Asigurări Carpatica AsigClal EuroinsGenerali Asigurări InteramericanOmniasig - VIG OTP Garancia AsigurăriUnita Uniqa

5. The Collaboration of the Romanian Bureau with its Members II. Members None of the companies is acting under FOS in Romania

6. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members - the relationship between B.A.A.R. and its members are described in the Constitution of the association; -the most recent version is dated 12.04.2007;

7. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members Measures taken on several directions: 1.Green Card Common Fund 2.Surveillance of the Members’ Reinsurance Agreement 3.Contribution Procedure 4.Surveillance of the Members regarding the fulfillment of IR 5.Frontier Insurance 6.Meetings, Conferences, Symposiums, etc. 7.Website

8. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members 1. Green Card Common Fund Financing source: - initial contribution (currently = 25.000 Euros) - monthly contribution = a percentage of the cashed gross premiums; Ex.: a. between 7 - 9 mil. Euros = 1% of the cashed gross premiums; b. between 9 -15 mil. Euros = 0,5% of the cashed gross premiums; - the amount currently available = aprox. 17 mil. € - MTPL excess of loss reinsurance agreement

9. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members Used for: - guarantee calls - amounts not recovered by correspondents/agents - uninsured claims - frontier insurance claims - outstanding debts of Grup AS and Metropol

10. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members 2. Surveillance of the Members’ Reinsurance Agreement - each Member must have a reinsurance agreement permanently valid; - the maximum own retention is established annually by the General Assembly; - serious sanctions (even withdrawal of authorization);

11. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members 3. Contribution Procedure - the procedure was approved by the General Assembly; - types of contributions: 1. for the Fund (above mentioned); 2. for the budget of B.A.A.R.; (minimum contribution = 5.000 €/year/member) 3. for the budged of CoB; (minimum contribution = 500 €/year/member)

12. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members 4. Surveillance of the Members regarding the fulfillment of IR - it is a permanent activity;

13. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members 5. Frontier Insurance - issued under the authority of B.A.A.R.; - only 9 Members out of 16 are authorized to issue Frontier Insurance - - it is issued only for non-Multilateral Agreement vehicles; - in this area, the relationship between B.A.A.R. and its members is based on a frontier insurance contract and a procedure;

14. The Collaboration of the Romanian Bureau with its Members III. The Relationship between B.A.A.R. and its Members 6. Meetings, Conferences, Symposiums, etc. - a minimum of two meetings/year; - these meetings differ from those of the General Assembly; - the topics are proposed by B.A.A.R. and the Members; 7. Website B.A.A.R. – Section II - Section II = a section dedicated exclusively for the Members; - it contains: information about agreements, frontier insurance, circulars, CoB decisions, EU Directives, Green Card Common Fund, list of Members, Constitution, Chart, Employees of B.A.A.R., statistics, etc.

15. The Collaboration of the Romanian Bureau with its Members There are still a lot of things to do!

16. The Collaboration of the Romanian Bureau with its Members Content We are very grateful for your attention. Cristina Daniela OANCEA – B.A.A.R.