Armenian parliament adopts law on mandatory vehicle insurance

Armenian parliament adopts law on mandatory vehicle insurance

PanARMENIAN.Net - On May 18, the Armenian parliament adopted the law on mandatory vehicle insurance.

According to the law, the mandatory vehicle insurance will be enacted in Armenia on January 1, 2011, PanARMENIAN.Net parliamentary correspondent reported.

Meanwhile, a bureau of companies to be established by the Central Bank of Armenia will be regulating the mandatory insurance procedure.

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