Azerbaijan, Baku, Aug. 6 / Trend A.Akhundov /
In January-July 2013, payments were made on 9439 claims on compulsory insurance of civil liability of vehicle owners (CTP) in Azerbaijan to the sum of 13.1 million manat. Insurers paid 2.34 million manat on 1702 claims in July.
This was stated in a report of the Compulsory Insurance Bureau established under the law on compulsory insurance in Azerbaijan, which came into force on December 16, 2011. The law also regulates the compulsory property and liability insurance required in the operation of real estate and compulsory insurance of passengers.
The table reflects data for July in accordance with the type of damage on the number and amount of insurance payments under requirements exposed to insurers:
|
Damage to motor vehicle |
Damage to property |
Damage to health |
In connection with the death of a person |
||||
|
Quantity |
Sum |
Quantity |
Sum |
Quantity |
Sum |
Number |
Sum |
|
1618 |
2,192,493.58 |
42 |
64,769.22 |
33 |
38,000 |
9 |
45,000 |
251 claims are currently under consideration. In July, the Compulsory Insurance Bureau made payments to the sum of 750 manat.
The Compulsory Insurance Bureau includes 12 companies: Paşa Sığorta, Atəşgah Sığorta Şirkəti, Standard Insurance Sığorta Şirkəti, AtaSığorta, Xalq Sığorta, AXA MBASK Sığorta Şirkəti, AZSIĞORTA, Alfa Sığorta, Государственная коммерческая страховая компания "Azərsığorta", Meqa Sığorta, İpək Yolu Sığorta и Azərbaycan Sənaye Sığorta.
After the law 'On compulsory insurance' came into force in December 2011, the basic cost of an insurance policy on CTP amounts to 50 manat and is used in regard to cars with an engine capacity of up to 1500 cubic centimetres. With the increasing volume of the engine (from 1500 to 5000 cubic centimetres), coefficients from 1.5 to 5 are added up to the cost. Coefficient 5 is used for cars with an engine capacity of over 5000 cubic centimetres.
Previously, insurance premium for all passenger cars was 10 manat.
The contract with the owners of vehicles registered abroad and imported to Azerbaijan for transit purposes was signed for a period of one month, and the insurance amount equals 25 percent of the annual premium for the vehicle.
The official exchange rate on Aug. 6 0.7844 AZN / USD.