Ivanjko Šime, PhD, Professor

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Professor Šime Ivanjko, PhD is an honorary Consul of the Republic of Croatia in Slovenia and a member of the Croatian Academy of Legal Sciences. He is a Professor Emeritus specializing in Business Law at the Faculty of Law in Maribor. He also specializes more specifically in Competition Law, Business Ethics, Insurance Law and Media Law. In addition to his professorship at the Faculty of Law in Maribor, Prof. Ivanjko also lectured at the Faculties of Law in Rijeka and the subject of insurance Law at the Faculty of Economics in Zadar. He received his professional training at Max Planck Institute in Hamburg and the Faculties of Law in Marburg and Belgrade.

Prof. Ivanjko is a co-founder of the first insurance companies Prima d.d. Maribor (1990) and Prima d.d. Zagreb (presently Grave d. d.), and of the Tax-Finance Research Institute in Maribor. He is the editor-in-chief of the Fiscal Financial Practice journal, published by the mentioned Institute. He founded the Society for Media Culture in Maribor.

He was the President of the Insurance Organizations Association of Yugoslavia and the President of the Court of Honour of the Yugoslav Chamber of Commerce.

Professor Ivanjko also acted as a member of the Committee for assessing knowledge of insurance agents and brokers with the Slovenian Insurance Association.

He wrote numerous books and publications in the field of insurance, law on negotiable instruments, insolvency, financial and commercial law. There are 1.637 bibliographic units included in COBISS that were authored by professor Ivanjko.

Prof. Šime Ivanjko, PhD, is on the list of permanent reviewers of the Insurance Trends Journal and has authored a number of scientific articles published in this Journal, such as “Recourse Claims of Social Insurance Undertakings in Slovenia” (Insurance Trends no. 2/2004), “News in Slovene Insurance Industry” (Insurance Trends no. 3- 4/2006), “Insurance Intermediary between the Insured and Insurance Company” (Insurance Trends no. 1-2/2008), “Insurance Fraud and Civil Law Consequences” (Insurance Trends no. 3/2010), “Mutuals in Insurance” (Insurance Trends no. 1/2012), “Blank Bill of Exchange in Insurance Industry” (Insurance Trends no. 4/2013), “Regulating Insurance Industry in the Republic of Slovenia” (Insurance Trends no. 2/2015).

(Taken from the website: http://splet02.izum.si/cobiss/BibPersonal.jsp?init=t&code=&type=conor and amended with the data relating to the cooperation of Prof. Šime Ivanjko with the Insurance Trends Journal).

UDK: 681.515:368:353.4(497.12)


After the Republic of Slovenia became independent, in 1991, the insurance industry started to develop rapidly. Such a trend was further supported through the reform of legal regulation and adoption of many new rules aimed at the approximation of Slovenia to the EU and, simultaneously, at introducing new, modern approaches to insurance companies organization and keeping their fi nancial stability. This article presents standard legal documents, adopted within the past twenty years of insurance practice, as well as the acts stipulating demarcations in the insurance companies organization and business transactions.

Key words: Slovenian Insurance Association, Registries of Information Centres of EU Member States, regulating compulsory insurance.



Transactions with blank bill of exchange require the knowledge of the law on negotiable instruments as otherwise, the bill of exchange may adversely affect its very holder, should the holder fail to act in accordance with the law. In business practice, the use of blank bills of exchange should be avoided and if such bill is issued, the drawer i.e. issuer should insert the „not to order“ clause thus preventing the possibility of its misuse. The Insurer and the Insured, as parties to the agreement based on which the bill of exchange is issued, should agree about its content and fully apply, when filling out the bill, not only the legal provisions but also the standards of business practice relating to negotiable instruments.

UDK: 368.032.2 :368.03


The principle of mutuality represents beyond doubt the essential element of insurance. There is a mutual promise given by the participating assured to each other which protects them against perils that may endanger them. In this manner the assured are at the same time members and assured of the same insurance organization.
It should be noted that insurers in their desire to gain profit often forget the principles of insurance. In striving to accomplish a humanitarian society it is necessary that principles of mutuality and solidarity are sustained when organizing insurance in the shape of mutual insurance.