About 100 thousand CTP contracts concluded in May

Local insurance companies - members of the Bureau of compulsory insurance in May, as part of agreements on compulsory insurance of civil liability of motor vehicle owners (CTP) received total bonuses of $ 6.9 bn (-22% vs. with May last year).

As noted in the report Bureau (http://isb.az), just for this position made 96.4 thousand insurance contracts (minus 18%). Of these, 19.9 thousand - the transit contract (insurance for 1 month overseas transport, passing through Azerbaijan). Most transit ride from Turkey (31%), Georgia (27%) and Russia (18%). The share of Iranian cars in May was 8%, other countries had a marginal share.

The average size of the premium under the same agreement was 71.9 manat compared to 75.1 AZN a year earlier.

Bureau members at the moment are 11 companies: Azersigorta, AXA MBASK, Ateshgah, Xalq Sigorta, Standard Insurance, Pasha Sigorta, AzS?gorta, Meqa Sigorta, Ata Sigorta, Ipek Yolu Sigorta and Azerbaijan Senaye Sigorta. The company Alfa Sigorta was deprived of its license by the Ministry of Finance for alleged violation of terms of the preparation and submission of documentation.

Compulsory Insurance Bureau was established in the implementation of the law "On mandatory types of insurance. Regarding CTP-in-law provided a maximum of proven European average payout for damage to the health and life in one accident is 50,000 manats (with four passengers and a driver), damages of one individual - 5,000 AZN; damage of the car too is compensated at the rate of five thousand manats.

By law, cases of non-payment of CTP insurance are not provided. Passenger or pedestrian is injured in action even drunk, escaped from the scene or has committed an intentional accident the driver, and the driver for driving without a license (if he was the owner of the vehicle) is entitled to receive compensation. Another thing is that those responsible for a traffic accident entities shall be liable for the commission of an unlawful act.

The basic cost of auto insurance at the rate of 1.5 million cubic centimeters (on the cases CTP) is 50 manats. With the increasing volume of the engine the factor of 1.5 (up to 5 thousand centimeters cubed) and 5 (5 or more thousand centimeters cubed) is used.

Increases the base price is also an increase in passenger transport and car dealership tonnage trucks. However, the increase in the price of "large-caliber" bus has not resulted in increase in the fares yet. - 17D-