Moscow. February 20. The Bank of Russia believes that the replacement of forms of insurance policies of compulsory motor insurance (CTP) as a measure of combating the spread of fake insurance policies should occur as of the expiration of the old contract of insurance, the Director of insurance market Department of the Bank of Russia Igor Zhuk, the radio station “Radio of Russia”.
“In our view, the replacement of the forms – technical process that must occur as of the expiration of the insurance contract. Talking about simultaneous substitution forms CTP we did not support”, – he said.
Zhuk also noted that the usefulness of such replacement so far analyzed, it is important to have it done not to the detriment of the policyholder.
The Bank of Russia, according to him, recognizes the increasing problem of fake insurance policies, it is connected, including, with the rising cost of mandatory motor insurance.
The Russian Union of motor insurers (RAMI) has previously stated about the necessity of a large-scale replacement of forms of insurance policies throughout the country. The PCA is concerned at the emergence in the country of imitations of high quality, custom industrial plants in Poland and China.
The President of the Union Igor Yurgens earlier told journalists that the PCA is particularly concerned that in such a situation, a conscientious owner may incur damages from the car owner who bought a fake insurance policy. According to him, in the event of an accident the insurance company will not make payment of the insurance indemnity.
The start of the company on the replacement of forms of insurance policies is scheduled for July 1.
