Annual monitoring of rates of compulsory insurance of carrier's third-party liability to passengers’ life, health and property
In accordance with Federal Law No.
The Monitoring revealed that the rates established by Bank of Russia Ordinance No.
The Monitoring was based on the statistics for the period of compulsory third-party liability insurance of carriers for causing harm to passengers’ life, health and property under review
Significantly, the determination of insurance rates requires calculations with the use of statistics for a longer period of time, as in many types of transportation accidents are infrequent, whereas their consequences are rather harsh.
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