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Green Card insurance service to be available in Azerbaijan's liberated territories

Finance Materials 6 August 2024 10:23 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 6. The Green Card insurance service will be available in Azerbaijan's liberated territories, Trend reports via the Azerbaijani Compulsory Insurance Bureau.

Following the restoration of Azerbaijan’s territorial integrity and sovereignty, the Azerbaijani Compulsory Insurance Bureau requested the Council of International Bureaus to lift geographical restrictions on Green Card insurance coverage for Azerbaijan. Thanks to collaborative efforts, these restrictions have been removed.

As a result, at the 58th General Assembly of the Council of International Bureaux in London, the "List of Geographical Coverage and Motor Insurance Directive" for the Green Card system was updated and approved. This decision removed geographical restrictions on Azerbaijan and revised the territorial jurisdiction of the Compulsory Insurance Bureau in accordance with the UN-recognized territorial integrity of the country.

The Green Card system, established in 1949 under the UN Economic Commission for Europe’s Working Group on Road Transport, facilitates international transport and loss settlements. Vehicle owners in member countries who possess a Green Card receive insurance coverage when traveling to other member countries.

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