BAKU, Azerbaijan, July 26
By Zeyni Jafarov - Trend:
The insurance payments on 100 accidents within the Green Card international system of third party liability insurance for drivers in Azerbaijan amounted to 258,700 manat ($152,176) in the first half of 2021, Trend reports on July 26 with reference to the Compulsory Insurance Bureau of Azerbaijan.
The insurance payments within this system on 193 road accidents amounted to 498,035 manat ($292,961) in the same period of 2020.
The average insurance payment on one road accident in the reporting period amounted to 2,587 manat ($1,521) while 2,570 manat ($1,511) from January through June 2020.
Most of the road accidents, on which insurance payments were made, occurred in Russia and Turkey.
Some 5,919 insurance contracts were signed in Azerbaijan in the first half of 2021 within the Green Card international civil liability insurance system, which is 29 percent less than in the same period of 2020.
The Green Card international vehicle liability insurance system has been operating since 1951. Its main goal is to settle claims of victims of road accidents committed with the participation of foreign motorists, in accordance with the national legislation of the country where the accident occurred.
According to the agreement "On the green card", an insurance policy for motor third party liability issued in any country participating in the agreement is valid in the territory of another country that is a member of this agreement.
The national bureaus of the Green Card are part of a single organization - the Council of Insurance Bureau headquartered in Brussels, which operates under the auspices of the Working Group on Road Transport of the Inland Transport Committee of the United Nations Economic Commission for Europe.
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