The National Bureau for Compulsory Insurance (NBCI) was established under Lebanese legislation governing the insurance of motor vehicles.
According to the relevant laws and decrees, specifically Decrees 105 from 1977 and 9585 from 2003, the NBCI was created as a private institute for the public benefit.
Its original mandate included the development of standard policy contracts for all providers of third-party liability insurance for motorists and the setting of terms for compulsory insurance contracts, alongside a mandate to act as insurance provider of last resort under specific circumstances.
The NBCI began to implement its mandate in 2003 by introducing model contracts for compulsory motor insurance and by proposing premium structures to the Ministry of Economy and Trade.
The NBCI is governed by a board that entails six elected representatives of the motor insurance companies and two government representatives.