Members of the Bureau of Compulsory Insurance temporarily lost ground CTP

In February, local insurance companies - members of the Bureau of Compulsory Insurance (ISB) within the civil liability of owners of vehicles ( CTP ) collected just over 3.7 million ( minus 3.5 % compared with the same period last year).

According to the information on the organization's website , 12 insurers in February concluded 48 thousand 364 for CTP insurance contracts , including about 15,200 transit agreements for foreign vehicles (insurance contract is concluded for a period of 1 month or 1 year) .

The average size of the insurance contracts concluded in February this year amounted to 77.3 manat.

In Azerbaijan since December 16, 2011, the sale of policies on CTP new rates and conditions. The basic rate (50 manat) applies to vehicles with an engine capacity of up to 1500 cc. with the maximum coefficient 5, it applies to cars with engine capacity exceeding 5,000 cc. (the owner pays 250 manats per year). Tractors and other farm equipment - are not counted, their owners pay the standard 50 manats.

For buses and vans that transport passengers to the number of seats from 9 to 16 3 factor is applied to the base rate, more than 16 seats - the coefficient 4.

For trucks coefficient ranges from 3 to 5, depending on the maximum capacity .

The maximum insurance compensation for damage to property within the CTP is 5 000 AZN . The same amount paid for each participant injury accident with a total limit for one event - 50,000 manat.

According to the State Insurance Supervision Service, last year's CTP premiums for ISB members totaled 69,376,500 manats. - 17D-