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Deputies have registered a bill that is designed to increase the size of insurance amounts to European standards. Accordingly, the cost of policies will also increase.
The Verkhovna Rada of Ukraine has registered the draft Law No. 3670-d dated 02/13/2018 "On Compulsory Civil Liability Insurance of Owners of Land Vehicles". This is a new law on motor insurance, which is intended to replace the old one, which has been in effect since 2005 and has been amended many times.
The new draft Law proposes to introduce several progressive norms that will make the "motor insurance" more civilized, and payments under it will be faster and guaranteed even in the event of the insurer's bankruptcy. However, the other side of the coin - increasing the cost of the policy for the car owner.
Source: Auto24
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