Pursuant to Article 15 of the IC, insurable interests which are located in Turkey and belong to residents of Turkey have to be insured in Turkey by the insurers which are operating in Turkey.
However under Article 15/2 of the IC, the following insurances can be purchased abroad:
a) Transportation insurance for the goods which are subject to export and import;
b) Hull insurance to be provided for aircraft, ships, helicopters which are purchased with foreign loans, exclusively limited to the loan amount and applicable for the term until the foreign debt is paid up, or limited to the period of financial leasing if the same are brought home by financial leasing obtained abroad;
c) Liability insurances arising from the operation of ships;
d) Life assurances;
e) Personal accident, sickness, health and motor vehicle insurances which are made only for and to the extent of the duration that the insured will spend abroad or which are temporarily made during the time spent abroad by the insured;
f) Other insurance products which can be expanded by the Council of Ministers such as liability insurance in relation to clinical pharmaceutical researches and insurances of all vessels registered on the Turkish International Ship Registry.