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Monday, October 24, 2016

The media learned about the Ministry of Finance proposed a global reform of the insurance

The Ministry of Finance launched a global reform of the CTP. Available media was a document which represented the final changes to the relevant law. They have to bring up for discussion during the meeting with the Central Bank on September 16.

photo: Gennady Cherkasov

The Finance Ministry has proposed to divide policies into three groups depending on the sum insured, PSET “Kommersant”.

This “economy” now with the applicable limits of liability of the insurer to 400 thousand rubles for damage to property and to 500 thousand rubles for health damage, the “standard” one million rubles for each risk, as well as “premium” involving a payment of up to two million rubles.

One of the most important changes is the rejection from the power factor of the motor vehicles. Now it is 0.6 for cars with engines up to 50 horsepower, a 1.6 — vehicles with capacity of more than 150 horsepower.

It is also planned to introduce the factor of traffic violations, including driving while intoxicated, speeding more than 40 km/h, crossing a double solid line and departure on forbidding signal of the traffic light.

In addition, at the discretion of the insurance company can be applied the coefficient for aggressive or, on the contrary, careful driving.

It is also expected that cash payments will be replaced with the repair of the car. Victims of accidents will choose the service of those with whom the insurer contracts.

The insurance company will be responsible for the quality of work, thus will not be considered wear parts. That is, car owners will not have to pay for new parts.

According to the publication, from a document point removed on the introduction of multi-year insurance policies, although previously the Ministry of Finance argued that it was not going to abandon the idea to introduce policies for owners of new machines in 2-3 years.


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