Azerbaijan, Baku, July 4 / Trend A. Akhundov /
Azerbaijan will soon be able to join the Green Card international civil liability insurance system, Executive Director of the Compulsory Insurance Bureau Elhan Guliyev told media today.
"The negotiations are underway to join green card system," he said.
"Regular talks will be held with the leadership of the Council of Bureaux in Baku on July 5."
He said that Azerbaijan's initiative to join this system has been appreciated.
"After performing all necessary operations, we will be able to join the system within two years - in 2014-2015," Guliyev said.
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, 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.