Compensation from BCI

The Bureau Compulsory Insurance (BCI) in January-May paid compensation to the victims and families of those killed in road accidents in the total amount of 110,333 manats.

According to the information of the Bureau on the results of five months, there were 28 compensations. In May there were 11 compensations totaling 37,333 manat. Recall, this position does not apply to contracts of insurance between the insurer and the insured.

The office was created to manage certain financial fund, which is made by the payment of compensation.

The financial resources of the Bureau are formed from the entrance fee, a security deposit of one of the 4 types of compulsory insurance provided for, as well as 5% of the total monthly premiums for compulsory received by insurance companies. --17D-

 

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