PCA starts to pay compensation for insurers without a license

PCA starts to pay compensation for insurers without a license The Russian Union of motor insurers (RAMI) will begin the process of paying compensation to the injured through the fault of the customers CTP insurers with revoked licenses from 8 August. From this day come into force amendments to the law on OSAGO, under which PCA will be able to produce from your compensation Fund payments to victims from customers CTP insurers whose licenses have been revoked.According to the previous wording of the law, reimbursement from the reserve Fund of the Union can be obtained only in case of bankruptcy of the insurer, to which the victims asked for payment. If this were compensated only damage to life and health of victims. Now from the reserve Fund will be possible to obtain compensation for damage to property.In order to get paid from the reserve Fund of the Union, the victims will first need to submit documents to the authorized RSA insurance companies, preparing payment cases. Compensation the Union will produce if the pay package is completely formed and the insured event made the necessary expertise.As previously reported, ASN, today lost his license 3 CTP insurer: `Avesta`, `Trust` and `the West Siberian transport insurance company` (SSTS).Insurance news Agency08.08.2005.

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