Insurance Programs Motor Third Party Liability
On January 1, 2005, the Law of Ukraine “Motor Third Party Liability” came into effect.
On October 20, 2005, the Law of Ukraine “On Amendments to the Law of Ukraine on Motor Third Party Liability” came into effect.
(Law of Ukraine “Motor Third Party Liability” )
On January 11, 2008 “TAS” Insurance Group obtained the license for this type of insurance activity, series ÀÂ 377513.
“TAS” Insurance Group proposes the following MTPL insurance agreements:
1 type |
Insured person is not limited by the Insurant (the person concluding the contract), it can be another person lawfully managing the motor vehicle, as determined by the policy, (general power of attorney, power of attorney, lease or hire contract, etc.)
This contract type is suitable for big families or if over 3 persons operate the motor vehicle. |
2 type |
The insurance contract covers Insurant’s liability (person who concluded the contract). This person lawfully operates any motor vehicle the category of which is defined by the policy.
Only an individual can be an insurant. |
3 type |
The insurance contract covers insurant’s liability (person who concluded the contract), including additional individuals pointed in the contract (in total not exceeding 5 with the insurer included) who lawfully operate the motor vehicle as determined by the contract.
This contract type is suitable if you have a clear list of drivers using your motor vehicle (in total not exceeding 5 with you). |
Benefits, 50%
Benefits are provided if the 3rd type contract is concluded by the individuals of the next categories
- retired citizens of Ukraine
- 2nd category disabled people
- war veterans as defined by the Law
- victims of Chernobyl disaster of the 1st and 2nd categories
on condition that they personally operate motor vehicles with up to 2,500 m3 engine capacity.
Discounts
If one insurant concludes 5 (five) or more insurance contracts for a year, the premium is decreased as follows:
- from 5 to 9 (inclusive) motor vehicles – 5% discount
- from 10 to 19 (inclusive) motor vehicles – 10% discount
- from 20 and more motor vehicles – 15% discount
Bonus-malus system
This is the system of discounts or increase of the premium based on absence or presence of insurance event through the fault of persons whose liability was insured in the contract period of previous MTPL policies. For each event-free year, the insurer has the right to provide 5% discount (but not over 50%).*
* Bonus-malus is only applicable to MTPL policies for 7 month and longer.
Information from “TAS” Insurance Group:
For policy obtaining, the following documents are required:
- Passport - for individuals, state registration certificate - for legal entities and private businesses;
- Driving license (for the 3rd type contract – driving license for each person whose liability will be covered by the contract);
- Certificate of motor vehicle registration (technical passport);
- Document confirming the right to benefits*
* Documents confirming the right to benefit (50%) are:
- Retirement certificate – for retired individuals;
- Reference of disability issued by the Medical and Social Expert Commission or the certificate of the second category disability - for II category disabled people;
- Veteran certificate – for war veterans;
- Certificate proving the status of Chernobyl disaster victim of the 1st or 2nd category – for victims of Chernobyl disaster.
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www.tas-insurance.com.ua
Hotline: 0 800 500 195
