Azerbaijan joins 'Green Card System'

Azerbaijan joins the international motor civil liability insurance system "Green Card System".

Executive director of the bureau for compulsory insurance Elhan Guliyev and head of the public service of insurance supervision under the Ministry of Finance Namig Khalilov held meetings with the management of the Council of Bureaux (International Association of National Motor Insurers' Bureaux) - the organization that manages "Green Card" system in connection with the beginning of the process of connecting to the " Green Card System", the bureau on compulsory insurance in Azerbaijan said today.

The procedures of connecting to the system were discussed during the meetings, held in Brussels this week. The appropriate recommendations were given.

The international motor civil liability insurance system "Green Card System" has been functioning since 1951. The main objective is to resolve the claims of those affected by the accident, committed with the participation of foreign motorists in accordance with national legislation of the country where the accident occurred.

According to the agreement on "Green Card", the motor third-party liability insurance, issued to any country-member of the agreement is valid on the territory of another country that is a member of this agreement. National Bureau of "Green Card" is included in a single organization - the Council of the Bureau, with headquarters in Brussels. The Green Card System is available in 46 countries: Russia, all European countries, Israel, Morocco, Tunisia and Iran.

Motor Bureaux began operating in Azerbaijan in December 2011. It was established in accordance with the requirements of the law on "Mandatory types of insurance".


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