![Total annual premium for a new CTP will exceed 70 million manat.](https://turan.az/resized/./turan-750-500-resize.webp)
Total annual premium for a new CTP will exceed 70 million manat.
The Office of Compulsory Insurance only for compulsory liability insurance of vehicle owners (new CTP) can collect more than 70 million manat of premiums.
The chief of the State Insurance Supervision Service of the Finance Ministry Namik Khalilov said the prediction is realistic, because for 10 months for this type they already collected 62 million manats (over 6 million per month).
According to him, the presumed premiums are above the amount projected in the early year. Today CTP are entitled to 11 out of 12 local insurance companies - the Office of Compulsory Insurance.
Sale of new policies on CTP started from December 16 last year. The Office of Compulsory Insurance was created in the framework of implementation of the law "On compulsory types of insurance." - 17D-
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