Registration of a member company

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The members of the Greek MIB are 96.

All insurance companies conducting motor vehicle liability insurance, whether headquartered in Greece or abroad and whether they provide insurance cover through their establishment in Greece or through the Free Provision of Services (art. 28, Law 489/76) are compulsorily and ipso jure members of the Motor Insurers' Bureau- Greece.

The members’ financial obligations are:

0.40% in respect of the insurance gross premiums from the Third Party Liability insurance, for all vehicle categories, as from 1/1/2017.

The financial obligations to the MIB are specified in article 33, paragraphs 3 (a) and (b) and 4 of L. 489/76.