TURKISH INSURANCE LAW
There is also the Insurance Law No.5648 in Turkish law. An Insurance Arbitration Commission was established within the Insurance Association of Turkey in order to settle the disputes arising from the insurance contract according to the article 30 of the Law No.5648. A person who is in conflict with the member establishments of the insurance arbitration system may benefit from the arbitration procedure instead of filing a lawsuit before the courts. If the amount of the dispute is over 40.000 TL (Turkish liras) the parties may appeal with the Court of Cassation. If the amount of the dispute is under 40.000 TL the arbitration award shall be final and binding.
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