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Turkmenistan introduces mandatory insurance for passengers of all transport types

Transport Materials 12 September 2020 11:42
Turkmenistan introduces mandatory insurance for passengers of all transport types

BAKU, Azerbaijan, September 12

By Jeila Aliyeva - Trend:

Turkmenistan has introduced mandatory insurance for passengers of all types of transport, crew members of air, sea, river, road transport and railway transport workers, Trend reports with reference to Turkmenistan’s State News Agency.

The relevant decree was signed by President of Turkmenistan Gurbanguly Berdimuhamedov in order to improve mandatory state insurance.

The document also instructs the Ministry of Finance and Economy, in coordination with the state insurance organization, to approve the procedure for creating and spending insurance funds for mandatory state individual insurance.

Earlier Turkmen officials have already talked about the introduction of mandatory insurance for passengers of all types of transport. So, it was said that it is planned to prepare a draft on mandatory state insurance for passengers of all types of transport, crew members of air, sea, river, road transport and railway workers.

In general, the insurance system in Turkmenistan is improving. In April 2020, the president of Turkmenistan signed a decree, thereby approving the types of insurance that legal entities in Turkmenistan can use to enter into contracts with foreign insurance companies.

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Follow the author on Twitter: @JeilaAliyeva

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