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MISCELLANEOUS

329

ii) Assurance Account shall transfer 15 % of the ceding commission

collected from the cedent insurance companies for the Compulsory

Traffic Insurance, Compulsory Transport Insurance and Compulsory

Passenger Transport Insurance to the Institution until the 10

th

day of the

month following the collection date. Assurance Account shall transfer

20 % of the referred amounts to the Institution for the traffic accidents

occurred before publishing of the Code.

iii) The Undersecretariat of Treasury is entitled to increase or decrease

the referred amount in the ratio up to 50 %.

iv) If the receivables of the Institution remain overdue after the

payment period, late payment penalty and late payment interest shall

be applied pursuant to article 89 of Social Security and General Health

Insurance Law dated 31.05.2006 and numbered 5510.

Pursuant to article 6 of the Regulation, the Institution shall claim

from the Office among the treatment costs of traffic accidents caused by

or involvement of foreign licensed vehicles, the part corresponding to

the liability of the operator of the vehicle with foreign license within the

frame of Green Card Insurance. For traffic accidents occurred abroad, the

health treatment costs which shall be compensated by the Office pursuant

to Green Card Insurance shall be paid by the Office within the frame of

general provisions.

The liability of the insurance companies issuing voluntary insurance

policies within the frame of policies that may be subject to health care

demands raised from traffic accidents, are reserved pursuant to article 7

of the Regulation.

The insurance companies and Assurance Account are discharged

from their liabilities for health/treatment costs once the settlement has

been made to the Institution within the scope of Compulsory Traffic

Insurance, Compulsory Transport Insurance and Compulsory Passenger

Transport Insurance Policies towards the insured and beneficiaries.

Claiming any expense for the medical treatment from the insured is not to

be made within the frame of Compulsory Traffic Insurance, Compulsory

Transport Insurance and Compulsory Passenger Transport Insurance for

health care costs based on this Regulation.