3045 Green Card insurance policies issued in September

Baku. 3 October. REPORT.AZ/ September 2017 recorded 3045 Green Card international insurance policies issued by the insurance companies authorized to operate within the Green Card System.

Report informs citing the Compulsory Insurance Bureau (CIB), 1719 of those Green Cards were issued to motor vehicles travelling to Islamic Republic of Iran and Turkey, whereas 1235 - to Russia, Moldova and Ukraine and 91 - to all member states of the Green Card System (except Belarus and Israel).

During the reporting period the insurance companies collected 211 174 manats of Green Card insurance premiums. 2445 of the issued Green Cards were registered with passenger cars, 313 - trucks, 267 - trailers, 18 - buses and 2 - motorcycles.

At present, 13 insurance companies which are the participants of Azerbaijani Compulsory Insurance Bureau are entitled to operate within the Green Card System. Those are Ateshgah Insurance Company OJSC, Standard Insurance OJSC, AtaInsurance OJSC, Xalg Sigorta OJSC, PASHA Insurance OJSC, AXA MBASK OJSC, AzSıgorta OJSC, State Insurance Company of Azerbaijan Republic, Mega Insurance OJSC, Silk Way Insurance OJSC, Azerbaijan Industry Insurance OJSC, Qala Insurance OJSC and Günay Sıgorta OJSC.

"Green Card" international insurance system is an agreement on the mutual recognition of motor vehicle owners' civil liability insurance certificate for the participants of this system, i.e. the member countries. According to this system, the civil liability insurance of motor vehicle owners issued by any of the States party to the Green Card Agreement shall be deemed valid in the territory of other States, Parties to this Agreement. Currently, the System consists of 48 member countries. Azerbaijan was accepted as a member country on May 28, 2015 and operates within the framework of the system since January 1, 2016.