RA Bureau of Auto Insurers and Green Card Bureau intensified discussions on Armenia`s participation in the system of international auto insurance

ArmInfo. The Bureau of Motor Insurers of Armenia and the Green Card Bureau have recently intensified discussions on the possible membership of Armenia in the system of international motor third party liability insurance. According to Vahan Avetisyan, executive director of the Armenian Auto Insurers' Bureau, the process has been started for more than a year and relevant discussions are under way to include Armenia in the Green Card system.

"In June of this year, we visited representatives of the Central Bank of Armenia in Brussels at the headquarters of the Green Card Bureau, where they examined the mechanisms of this system and discussed the issues and main problems of our participation with the leadership.Then, at our invitation, the president and representatives of the Green Card Bureau from September 4 to 8. In the course of the visit, a number of meetings with the Central Bank of Armenia, the Armenian Auto Insurers' Bureau and the RA Road Police were organized to discuss some of the issues on the agenda, and an extended seminar was organized with the participation of representatives of the Central Bank, the Ministry of Finance, the Road Police, insurance companies and the Bureau of Auto Insurers.In the seminar, the delegation of the Green Card Bureau presented the basic principles of the Green Card system, as well as the main issues and problems to be solved for Armenia's entry into the system of international motor third- ", - V. Avetisyan noted.

The main problems, in principle, delaying the membership process, relate to the Green Card Bureau's demand for a real restriction of sales of Green Card policies for cars registered in the NKR, as well as the need to properly inform owners and / or drivers of foreign cars that they enter the territory of the NKR , where the Green Card policies do not cover insurance claims / risks, he explained.

According to him, the remaining tasks and recommendations submitted by the Green Card Bureau are legal and financial. "These recommendations are based on the requirement to introduce a number of legislative and sub-legislative changes, which we have already undertaken, together with insurance companies, we need to discuss and select more detailed financial instruments within the framework of the rules established by the Green Card Bureau," he added.  V. Avetisyan.  An important task is also the requirement of the Green Card Bureau for participating countries to compulsorily participate in the International Convention on Road Traffic (ICDD) and the International Convention on Road Signs (ICDL). Moreover, Armenia is already a party to the ICRM, and the process of membership in the MKDZ started several months ago. In particular, the Ministry of Foreign Affairs, the Ministry of Justice and the Road Police are already working towards the solution of this problem. "I think that as a result of all these joint meetings and seminars, the Green Card Bureau has developed a common preliminary idea of the necessary further steps and solutions that will contribute to the inclusion of Armenia in the Green Card system." As I have already presented, practically in all directions Appropriate steps have been taken, "V. Avetisyan summed up.

Note that at present, compulsory Green Card insurance operates in 47 countries. All insurance companies of the participating countries, including Russia in 2009, recognize the Green Card compulsory insurance policies and pay compensation to victims in an accident. Basically, these are the countries of Europe. From Asia and Africa, Green Card zone includes Morocco, Tunisia, Iran, Turkey and Israel. In the green zone are also former members of the USSR - Ukraine, Moldova, Belarus, Azerbaijan and the Baltic republics.  Kazakhstan's accession is also planned. All States Parties to the agreement undertake to compensate the injured party if an accident occurs on the territory of a foreign country.