  Armenian car owners to pay from AMD 21,841 to 133,206 annually for motor vehicle insurance October 1, 2010 - 13:24 AMT PanARMENIAN.Net - The Armenian bureau of motor insurers published insurance tariffs applied for the compulsory vehicle insurance (OSAGO). According to information posted on the bureau official website, the minimum basic insurance payment was determined through application of minimum coefficients of risk towards the minimum basic insurance payment and comprised AMD 21,841 per year. Meanwhile, the maximum basic insurance payment was determined through application of maximum coefficients of risk towards the maximum basic insurance payment and totaled AMD 21,841 per year. On May 18, 2010 Armenian National Assembly approved the law on compulsory insurance of motor vehicles, which envisages payment of compensation to people who suffered in car accidents. The law will come into force from January 1, 2011, with the sale of insurance policies to start from mid-October 2010.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
