Orden de 25 de septiembre de 1987 por la que se dictan normas relativas al funcionamiento de la Oficina Española de Aseguradores de Automóviles (OFESAUTO). | BOE-A-1987-23314 — Spain law | Esheria

Orden de 25 de septiembre de 1987 por la que se dictan normas relativas al funcionamiento de la Oficina Española de Aseguradores de Automóviles (OFESAUTO).

OFESAUTO is tasked with taking on and handling certain motor civil liability insurance responsibilities for accidents involving vehicles linked to CEE member/adhering countries and, in some cases, other countries with a valid Green Card.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Spain
Instrument
Order
Citation
BOE-A-1987-23314
Version
Undated source snapshot
Language
es
Updated
Official source
View official record ↗
administrative compliance agreement terms compulsory motor insurance corporate governance cross-border accident handling cross-border accidents industry membership insurance insurance claims insurance operations insurer membership liability motor vehicle liability insurance publication and entry into force regulatory compliance regulatory reporting

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Statute overview

About this statute

OFESAUTO is tasked with taking on and handling certain motor civil liability insurance responsibilities for accidents involving vehicles linked to CEE member/adhering countries and, in some cases, other countries with a valid Green Card. OFESAUTO must keep its obligations within the applicable legal limits, and in some cases may or may not cover civil liability depending on where the accident happened and whether a valid insurance policy exists. Authorized motor vehicle liability insurers in Spain must belong to OFESAUTO, and the accession agreement may not block or condition their membership. Las entidades aseguradoras deben liquidar automáticamente los saldos debidos y responder solidariamente frente a terceros por las obligaciones asumidas por OFESAUTO. OFESAUTO may delegate representation of foreign insurers established in Spain, if their national offices request it, to associated entities or delegations.