Ministry of Finance wanted to create a hybrid hull and insurance
The Russian Ministry of Finance talked about conceptual support for the idea of combining insurance policies and comprehensive insurance in one document. At the same time, the department understands that for this it is necessary to substantially revise the legislation of Russia, as reported by the press service of the ministry.
- specified the representative of the Ministry of Finance.
Who is the initiator (author) of the idea of combining policies is not specified. However, it is known that before this, the Central Bank of Russia reported certain difficulties along the way. So the legislation will have to not only be “improved”, but seriously changed. Indeed, compulsory motor liability insurance is compulsory liability insurance for vehicle owners, where the main word is “compulsory”. In turn, CASCO is voluntary insurance of a vehicle against theft, damage and other things and does not include liability for cargo or to third parties.
It should be recalled that in April 2019, the head of the Russian government Dmitry Medvedev said that the idea of combining risks under CTP and CASCO policies into a single policy is interesting, since it can reduce the cost of auto insurance services. It should be added that the association of these policies was reported back in 2017 from the same Ministry of Finance. Then the combined policy was called CASCO-CTP.
It should be noted that jokes about Ostap Bender, who knew hundreds of relatively honest ways of taking money from citizens, have already appeared on the Web. Many car owners have begun to wonder if this hybrid will be voluntary or mandatory. However, while there are no changes in the legislation, it is too early to talk about it at all.
A detailed study of this issue seems appropriate after the adoption of the law providing for the improvement of the OSAGO tariff system
- specified the representative of the Ministry of Finance.
Who is the initiator (author) of the idea of combining policies is not specified. However, it is known that before this, the Central Bank of Russia reported certain difficulties along the way. So the legislation will have to not only be “improved”, but seriously changed. Indeed, compulsory motor liability insurance is compulsory liability insurance for vehicle owners, where the main word is “compulsory”. In turn, CASCO is voluntary insurance of a vehicle against theft, damage and other things and does not include liability for cargo or to third parties.
It should be recalled that in April 2019, the head of the Russian government Dmitry Medvedev said that the idea of combining risks under CTP and CASCO policies into a single policy is interesting, since it can reduce the cost of auto insurance services. It should be added that the association of these policies was reported back in 2017 from the same Ministry of Finance. Then the combined policy was called CASCO-CTP.
It should be noted that jokes about Ostap Bender, who knew hundreds of relatively honest ways of taking money from citizens, have already appeared on the Web. Many car owners have begun to wonder if this hybrid will be voluntary or mandatory. However, while there are no changes in the legislation, it is too early to talk about it at all.
Information