Rosu said legislation will be amended to extend risk coverage and to allow insurers and brokers to sell mandatory home insurance policies, besides PAID (the Pool of Insurance against Natural Disasters).
He added new legislation will open the PAID shareholding structure to any individual or legal entity and will raise the ownership threshold to 25% from the current 15%, but no more than 30% of the pool’s share capital.
At the end of April, PAID had 1.7 million mandatory home insurance policies in its portfolio.