Compulsory insurance of carriers’ liability: new rates
22 January 2020
News
The Bank of Russia has approved an Ordinance, which sets new limits for the rates for the compulsory third party liability insurance of carriers. The rates will depend on the types of transport and transportation, as well as on factors of the risk involved.
According to the Ordinance, insurance rates may be cut by 20% for certain types of transportation, including those most widely used, for example, transportation by bus.
Bank of Russia Ordinance No.
Preview photo: Vyacheslav Prokofiev / TASS