OBS_VALUE: In Turkey, (1) the Undersecretariat of Treasury General Directorate of Insurance and (2) the Insurance and Special Pension Regulation and Supervision Institution are the authorities that are involved in insurance authorization and supervision. These two authorities constitute together the supervisor. The newly created Insurance and Special Pension Regulation and Supervision Institution can independently take decisions. However, the decisions of the Undersecretariat of Treasury's General Directorate of Insurance, which is directly attached to the government, can be overruled by the government.