In February, the Bureau of Compulsory Insurance raised nearly 4 million manats

In February, the insurance companies paid to the victims of road traffic accidents (on compulsory insurance of vehicle owners) 1 million 364.87 thousand manats. According to experts, the premiums of 3.9 million manat are a good result. In total, from 16 December 2011 (date of establishment of the Bureau of Compulsory Insurance) there was paid more than 10.5 million manat on accidents.

As the website of the Office, there is a positive trend in satisfaction of claims of citizens. All the 12 member companies of the Bureau in 1021 was billed claim, of which 904 are satisfied, 113 are pending and only 4 rejected for lack of proof of fault of the driver.

In February, 50.5 thousand contracts were concluded on this type of insurance, which is 30% more than last year. Of these, 17.5 thousand provided for foreign, including transit traffic.

Total on CTP in February companies filed 6,936 insurance claims, and only in 36 cases refused to pay, on 159 claims the documents are being reviewed.

Bureau members at the moment are Azersigorta, AXA MBASK, Ateshgah, Xalq Sigorta, Standard Insurance, Pasha Sigorta, AzSigorta, Mega Sigorta, Ata Sigorta, Ipek Yolu Sigorta and Azerbaijan Senaye Sigorta. The company Alfa Sigorta Finance Ministry denied a license for alleged violation of terms of preparation and documentation.

Bureau of Compulsory Insurance was created in the framework of implementation of the law "On compulsory insurance. Regarding CTP in the law provides a maximum average European level of proven benefits for health damage and life in one accident case is 50 thsd manats (with four passengers and a driver), the damage of one individual - 5 thsd AZN, and the damage of a car also compensated at the rate of five thousand manats.

By law, cases of non-insurance payments for CTP are not provided. A passenger or a pedestrian injured in an action by even a drunk person that escaped from the scene or committed an intentional crash, or a driver with no driver's license (if he was the owner of the vehicle) is entitled to receive compensation. Another thing is that those responsible for traffic accident entities shall be liable for illegal activities.

This law is democratic in the sense that we should not get certificates from the traffic police. If both parties agree on the degree of accident liability, the insurance company is sufficient to assure the so-called "Euro protocol" to simplify the procedure, then both the car owner to receive insurance payments without delay.

Basic cost of auto insurance at the rate of 1.5 thousand cubic centimeters (for cases of CTP) is 50 manats. With the increasing volume of the engine used the coefficient of 1.5 (up to 5 thousand centimeters cubed) and 5 (5 or more thousand centimeters cubed).

Increases the base price is also an increase in passenger traffic and showroom tonnage trucks. However, increases in the prices of "large caliber" bus until it has caused price increases for travel passengers. 

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