Changes to the “Rules in the field of compulsory insurance of civil liability of motor vehicle owners” have been approved.
Regarding this, “Elchi” reports citing the Central Bank of Azerbaijan. According to the information, insurance premiums for compulsory motor insurance are determined by applying coefficients based on risk factors covering the likelihood of causing damage to the property and health of third parties during the operation of a motor vehicle.
The regular and intensive use of taxi motor vehicles designated for passenger transportation in road traffic leads to an increase in accident risk due to the high frequency of incidents in this area. Analyses conducted have shown that taxi motor vehicles used in passenger transportation have a higher probability of causing damage to the property and health of third parties compared to motor vehicles used for personal purposes.
The mentioned factors have created the necessity of applying special coefficients to vehicles used in taxi operations.
Based on analyses and successful international practices, the approved changes cover the application of different risk coefficients to motor vehicles used in passenger transportation.
The planned changes serve to determine the insurance of civil liability of vehicle owners more adequately to risks, increase driving discipline, provide improved insurance services when damage occurs to the health and property of third parties, and overall, protect the stability of social welfare.