Bonus-malus discount system takes effect in ArmeniaJanuary 7, 2013 - 14:22 AMT PanARMENIAN.Net - Motor Insurers’ Bureau of Armenia approved introduction of RL1-040 regulations on “bonus-malus discount system when calculating the amount of mandatory liability insurance premium .” The regulations took effect on January 1, 2013. According to Bureau’s official website, “bonus-malus” discount system is generally applied in insurance business during changes in the amount of the insurance premium. The system will enable drivers who avoided insured accidents within 270 days prior to January 1 to get 3% discounts. Motor Insurers’ Bureau of Armenia calls on all drivers to avoid accidents as all the cases to occur starting Jan 1 will serve a basis for application of a ranking system fining the insured for one and more road accidents with relative increase in the bonus-malus premium. 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 | About 32,000 rally in Yerevan to deman Pashinyan’s resignation About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan. Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty. Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. |