Green Card policy to be available in Azerbaijan since 2016

Baku, Azerbaijan, Dec.24

By Azad Hasanli - Trend:

Azerbaijan will officially apply to the Economic Commission for Europe of the United Nations and the Council of insurance bureaus for connection to the Green Card within a month.

The corresponding decree was signed by President Ilham Aliyev in connection with changes to the law "On compulsory types of insurance."

The cabinet of ministers of Azerbaijan was instructed to prepare the formal appeal on the basis of the proposals of the ministry of finance.

In addition, monitoring on the implementation of obligations under the standard insurance contract on compulsory insurance of civil liability of car owners will be implemented by the ministry of internal affairs, within the boundary insurance contract and Green Card system - by the state customs committee.

In Azerbaijan, contracts on Green Card system will be concluded for 3, 6 and 12 months.

The provisions concerning the application of Green Card system in the law "On compulsory types of insurance" enter into force since January 1, 2016.

The head of the State Insurance Supervision Service under the Ministry of Finance Namig Khalilov earlier told Trend that if the changes to the law "On compulsory types of insurance," which provides the legal framework for Azerbaijan's joining the international Green Card system, will be accepted till the end of 2014, Azerbaijan will be able to join the system in 2016, otherwise this issue will be considered in a year.

"If the changes to the law are accepted at the end of 2014, the Committee on Admission of New Members will consider this issue in January 2015, and if the decision is positive, the country will be adopted in its ranks at the annual meeting of the Council of Bureaus in May 2015 and will join the system since January 2016," said Khalilov.

In Azerbaijan, the functions of the national insurance bureau of the international Green Card system will be carried out by the compulsory insurance bureau (ISB), according to the amendments to the law.

ISB is defined as a specialized organization for relations with the Green Card Council of Bureau.

Only companies that are members of the Bureau and have the right to engage in compulsory insurance of civil liability of vehicle owners (CTP) will be able to connect to the system.

The Bureau will provide its members with blanks of Green Card in a centralized manner.

The law indicates that the car owner has to buy Azerbaijani Green Card, before entering the territory of a country, which is a party to the system. At the same time, the owners of vehicles, registered in countries, participating in the system, will not need to make border insurance contracts.

If the car owner with the Azerbaijani Green Card bears losses on the territory of a member state of the system, the largest amount provided in the legislation of one of the countries will be determined as the sum of the insurance payment.

ISB will be assigned responsible for payment.

ISB participants are 15 companies, 11 of which have the right to sell policies of compulsory third party liability insurance.

The insurance reserves of the bureau will be formed from the payments of the bureau members, according to the law. Insurance payments of the bureau members within the Green Card system will be determined by the government insurance supervision.

The Green Card international system of motor insurance has been functioning since 1951. Its main objective is the settlement of claims of victims of road accidents in accordance with the national legislation of the country where the accident occurred with the participation of foreign motorists. That is according to the agreement "On the Green Card", insurance policy for civil liability of motor vehicles issued by any member state of the agreement and shall be valid in another country that is a member of the agreement.

The National Bureau of Green Card is included in a united organization - the Council of Insurance Bureaus with headquarters in Brussels, which operates under the auspices of the Working Party on Road Transport of the Inland Transport Committee of the UN Economic Commission for Europe. The system of Green Card includes 46 countries: Russia, the whole Europe, Israel, Morocco, Tunisia and Iran.


Follow the author on Twitter: @AzadHasanli

Weekly actual topics in Azerbaijan (April 16-20)
Weekly actual topics in Azerbaijan (April 16-20)
Weekly tenders in the region (April 16-20)
Weekly tenders in the region (April 16-20)
Last week’s laws, orders and decrees in Azerbaijan (April 16-20)
Last week’s laws, orders and decrees in Azerbaijan (April 16-20)
Loading Bars
Belarusian airlines announces another suspension of flights to Turkmenistan
New York Times prepares article covering Armenian missile attack on Azerbaijani Barda
Eni lowers oil&gas output amid COVID-19, OPEC+ commitments
Azerbaijani General Prosecutor's Office assessing damage to liberated territories
Iran to boosts gas production
Armenia grew narcotic plants in occupied Azerbaijani territories - Ecology Ministry
Debris of missiles fired at Azerbaijani Barda (PHOTO)
Targeting innocent civilians shows that Armenia prefers cruel, hideous methods of warfare - Azerbaijani embassy in US
Equinor sees increase in natural gas sales volumes
Turkmenistan organizes charter flight from Russia’s Tatarstan amid COVID-19
TCCI meeting with special emphasis on 'Supporting Azerbaijan' to be held
Equinor’s liquids, gas production up due to new fields
Iranian Energy Exchange announces products to be on sale October 31
Military equipment left on battlefield by Armenian Armed Forces (VIDEO)
Progress achieved in upgrading energy system - Int'l Energy Charter Secretary General
Solar panels to be installed on school roofs in Georgia
Artillery fire aimed at civilians is crime against Azerbaijani people, against humanity as whole - International Turkic Culture and Heritage Foundation
Uzbekistan reveals its COVID-19 data for October 29
Georgia expects increase in bread prices
Azerbaijani-Turkish unity and strategic alliance have today reached highest level - President Ilham Aliyev
Nokia's third-quarter results miss expectations
President Ilham Aliyev sends congratulatory letter to President Erdogan
Equinor reduces output from Azeri-Chirag-Gunashli block
High-ranking Armenian officers annihilated - Azerbaijan Defense Ministry
ICRC gives statement on Azerbaijani volunteer killed as result of Armenian shelling
Armenia's attacks on civilians discussed during Baku-Istanbul teleconference held be Trend News Agency (VIDEO)
Azerbaijani FM holds phone conversation with British minister
Iran must support to Azerbaijan fully - Iranian MP
War call of Armenian catholicos is beyond church canons - Albanian-Udi community's head
Oil inches up after 5% slide overnight as hurricane shuts U.S. output
Iranian currency rates for October 29
Armenian Armed Forces fired on Azerbaijan's Goranboy, Tartar districts - MoD
IFRC volunteer killed in Barda as result of Armenian shelling - top official
Turkmenistan, Kazakhstan to strengthen co-op by increasing volume of export-import operations
Footage of Gubadli region's Giyasli, Saryyatag villages liberated from occupation unveiled (VIDEO)
SOCAR expected to see 25% haircut to cash
Assistant to Azerbaijani President due in Barda, Tartar together with diplomatic corps
Switzerland supports territorial integrity of Azerbaijan - Switzerland's FM
SOCAR's liquidity to remain manageable, if its operations continue uninterrupted
Phone conversation held between Azerbaijani Foreign Minister, EU High Representative
SOCAR’s assets, exports not to be damaged from Karabakh conflict
SOCAR’s EBITDA expected to decline in 2020
Destroyed military equipment of the Armenian army - LIST
Latest situation at front line on Oct. 29
OSCE PA to observe parliamentary elections in Georgia
New COVID-12 cases rise sharply in Kazakhstan, total exceeded 111,000
EU moves to avoid COVID shortages, ease trade
Supply of potential COVID-19 vaccines to start in earnest in April: EU's von der Leyen
Brazil reports 158,456 COVID-19 deaths
Hurricane Zeta makes landfall in Louisiana
Surge in coronavirus cases set to shake Asian markets
Iraq reports 4,043 new COVID-19 cases, 463,951 in total
5.6-magnitude quake hits 56 km WSW of Changuillo, Peru
France and Germany plunge back into lockdown as second COVID-19 wave sweeps Europe
Iran has condemned occupation of Azerbaijani territories from very beginning - Iranian Deputy Foreign Minister
Iranian-Azerbaijani relations have developed rapidly in recent years - Azerbaijani president
If Armenia does not withdraw from rest of occupied territories of its own free will, we will drive them away from there as well - President Ilham Aliyev
UNICEF makes statement on Karabakh conflict calling on to protect children
Iran is next to people and state of Azerbaijan - special representative of Iranian President
Karabakh conflict must be resolved within territorial integrity of Azerbaijan - Special Representative of Iranian President (EXCLUSIVE)
Armenia should know that no provocation can hinder Azerbaijan on its way to victory - MoD
Pakistani ambassador condemns Armenia's attack against civilians in Azerbaijan's Barda
Manpower of Armenian Armed Forces destroyed (VIDEO)
Management of Azerbaijani Emergency Situation Ministry arrive in Barda
Azerbaijani artillerymen destroying Armenian troops' manpower (VIDEO)
Armenian troops firing at Azerbaijani civilian population destroyed with precise fire (VIDEO)
Azerbaijani FM holds telephone conversations with OSCE Minsk Group Co-Chairs
First Vice-President Mehriban Aliyeva: Such barbaric attacks show that atrocities of Armenians have no limits (PHOTO)
President Ilham Aliyev receives delegation led by Special Envoy of Iranian President (PHOTO)
Azercell stands by people in Barda!
Pakistan’s National Assembly adopts resolution condemning Armenian aggression
Armenian leadership acts as if it lost its mind - Turkish Foreign Ministry
Azerbaijani FM, US deputy secretary of state hold phone talks
Armenia threatens not only Azerbaijan's energy security - energy minister
Freedom of speech suppression by Armenian lobby in France unacceptable - analyst
Azerbaijan provides footage of Armenian troops, military equipment being destroyed (VIDEO)
Ministry of Emergency Situations staff among civilians killed in Azerbaijan’s Barda
Natural gas supplied to village of Khulo of Georgian Adjara
Turkmen FM takes part in second session of India-Central Asia Dialogue
Children among dead, wounded in Azerbaijan’s Barda due to Armenian terror - chief physician
Armenia responsible for death of Azerbaijani civilians - Turkish presidential administration
Armenians think shelling of cities will force Azerbaijan to end war - Russian expert
Iran unveils volume of loans issued to Golestan Province
Azerbaijan destroys Armenian troops (VIDEO)
Azerbaijan expands list of settlements banned with entry-exit due to COVID-19
'Reporters Without Borders' condemns Armenian online attacks against French TV reporter
SOCAR Turkey may evaluate operational partnership for Aliaga port terminal
Shelling of residential areas in Barda once again exposes Armenia's terrorist nature - MFA
Uzbekistan expects GDP to grow in 2021
State budget of Georgian Adjara to up in 2021
Turkey says export of domestic mining products to Georgia down
Iran’s Bahar Azadi gold coin price starts to fall
Missile attack on Barda once again proves terrorist essence of Armenia - Turkish MoD
President Ilham Aliyev: Blood of Barda residents will not remain unavenged, aggressors will be given decent rebuff on battlefield
Tethys reveals 9M2020 production results at Upper Aptian on KBD-02 sites
Turkmenistan remains main gas exporter to China
France raises import of mining industry products from Turkey in September
Azerbaijan extends special quarantine regime
Iran strongly condemns Armenia's missile attack on Azerbaijan's Barda
Iran's budget reliance on oil sale declines
All news