The State Duma of the Russian Federation has adopted in the first reading a bill on the extension of the OSAGO policy to Belarus
The State Duma of Russia has adopted in the first reading a draft law on extending the OSAGO policy to Belarus.
If finally adopted, the bill initiated by the Russian government will come into force on October 1.
TASS reports this.
What's in the bill on extending compulsory motor third party liability insurance to Belarus
The document provides for the creation of a unified system of compulsory motor vehicle liability insurance within the framework of the Union State of Belarus and Russia.
Only insurers permanently located in the Russian Federation or Belarus have the right to conclude an OSAGO contract within the framework of the SG insurance system. The car must be registered in the Russian Federation or Belarus.
In order to verify the fact of conclusion of MTPL contracts and combat insurance fraud, the operator of the AIS insurance will exchange information about concluded MTPL contracts in real time with the internal affairs agencies, customs authorities and the professional association of insurers (including foreign ones) when drivers cross the Russian border.
This also applies to information on insurance compensation payments under contracts for damage caused as a result of a traffic accident.
