Bulgaria follows international and local laws and regulations that govern the relationships between insurance companies and investors. Here are some of the main laws related to insurance companies and investment in Bulgaria: 1. Insurance Act: This law regulates insurance operations and specifies the rights and obligations of companies and clients. The law also includes provisions that regulate the investments of insurance companies. 2. Financial and Banking Act: This law regulates financial relationships in Bulgaria and specifies procedures related to investment and asset management. 3. Securities Act: This law regulates relationships related to securities, including stocks, bonds, investment funds, and futures contracts. 4. Taxation Act: This law specifies the taxes imposed on companies and individuals in Bulgaria, including taxes imposed on investment income. 5. Consumer Protection Act: This law specifies the rights of consumers, including the right to obtain complete and accurate information about the products and services they purchase. 6. Environmental Protection Act: This law regulates relationships related to the environment and establishes rules to ensure the preservation of a healthy and sustainable environment. There are also a set of regulations and instructions that add to these laws which regulate insurance and investment operations in more detail and impose special requirements on insurance and investment companies, including: - Minimum capital requirements for insurance and investment companies. - Disclosure requirements for information and financial reports. - Requirements to maintain adequate levels of liquidity and risk. - Requirements to maintain adequate levels of capital to cover risks. - Requirements to maintain adequate levels of technical reserves to cover liabilities. - Maximum investment requirements in specific types of assets. Penalties are imposed on companies that do not comply with laws and regulations, and surveillance measures are implemented by the competent authorities to ensure that laws are applied correctly. Investors and clients are advised to check the records of companies they intend to deal with before carrying out any insurance or investment operations. Insurance and investment operations in Bulgaria are regulated strictly, and the operations of registered companies are monitored periodically by the competent authorities to ensure compliance with laws. Multiple investment options are available for investors in Bulgaria, including stocks, bonds, investment funds, and futures contracts. Investors are advised to review the laws and regulations related to investment in Bulgaria before starting any investment operations and to familiarize themselves with the risks and opportunities available before making any investment decisions.