Organization

General meeting of shareholders

The general meeting is composed of representatives of the association’s regular members. Sessions of the general meeting are usually attended by the presidents of the management boards of the regular members. The association’s general meeting is held at least once a year, and resolutions are adopted by a majority of members present. Each member of the general meeting holds one vote in the general meeting’s ballots. The general meeting decides on the admission of new members to the association, on the dismissal of members and on the winding up of the association. Membership in the association is voluntary.

Council

The association’s council is composed of 8 members. The members of the council may be regular members of the association. Membership of the Council of the Association shall be the prerogative of the Presidents of the Management Boards of five regular members of the Association collect – in the year prior to the commencement of each new term of office – the highest premium used as the basis for the payment of the membership fee to fund the activities of the Association. The General Meeting of the Association shall elect the remaining three members to the Council of the Association from among the Presidents of the Management Boards / directors of the remaining regular members of the Association. The term of office of the members of the Council of the Association shall be four years with the possibility of reappointment.

Director

The director organises and leads the association’s operations, and represents the association. He decides on employment, the organisation of the professional service and the systematisation of positions, concludes agreements with foreign insurance associations and bureaus, and approves the concluding of correspondence agreements. The director is appointed and dismissed by the council. The director’s term of office is four years with the possibility of reappointment.

General organisation and accounting service

In order to manage and carry out the tasks necessary for the organization of the work process of the Association, technical support for the functioning of the Association’s bodies and the Mediation center and Insurance ombudsman, statistical data processing and general legal matters the General support service is an organizational unit within the Association.

Green card bureau, Guarantee Fund, Insolvency Body, Compensation body and Information center

To carry out the tasks stipulated by the Insurance Act and the Compulsory Insurance in Traffic Act in connection with compulsory motor third party liability insurance and other compulsory insurance in traffic, Slovenian Insurance Association has an organizational unit Green Card Bureau, Guarantee Fund, Insolvency Body, Compensation Body and Information Centre.

Slovenian Insurance Association acting as the national Green Card Bureau and a member of the COB/Council of Bureaux, guarantees payments of damages caused in Slovenia by drivers of vehicles bearing foreign registration plates. For settling such damages, known as international claims, the Association authorises its members – insurance companies that conduct motor third party liability insurance. Co-operation amongst the national insurance bureaus is regulated by international agreements, including the Internal Regulations, which is the fundamental agreement of the green card system, and national regulations in the field of motor third party liability insurance in countries of the green card system.

For more than fifty years, the COB has exclusively been responsible for administrating the green card system, and with the implementation of Motor Insurance Directives (protection of visiting motorists), COB took over also the administration and co-ordination of the operations of new institutions required by the MID – information centres, compensation bodies and guarantee funds, later also insolvency bodies.

Slovenian Insurance Association also provides information on motor third party liability insurance to domestic and foreign claimants as an Information Centre.

Slovenian Insurance Association in its function of the Guarantee Fund handles claims and ensures payments of damages caused to injured parties by drivers of uninsured and unknown vehicles, uninsured aircrafts or other flying devices and uninsured boats. The Guarantee Fund also pays compensation for damages incurred by passengers on uninsured public means of transport vehicles as a consequence of accidents, and part of the compensation, which have not been paid out of the bankruptcy estate of an insurance undertaking which carries out aviation liability insurance, boat owners’ liability insurance and insurance of passengers against the consequences of an accident and is liable to pay compensation if it is the subject of insolvency proceedings. Insolvency Body ensures the payment of compensation to injured parties in the case of the insolvency of a MTPL insurer.

Slovenian Insurance Association also performs obligations of the Compensation Body.

Professional support service

The professional support service is an organizational unit within the Association for professional support to the working bodies of the Association, which are determined by the Rules on the organization and of operation of the working bodies organized by the Association.

Education service

For the implementation of tasks in the field of education and training, within the framework of the Association there is an organizational unit, the Education service.