RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of October 18, 1997 No. 3361

About the state obligatory civil liability insurance of owners (carriers) of vehicles before the third parties

For the purpose of ensuring compensation of the damage caused to interests of the third parties in case of operation of vehicles in the territory of Turkmenistan I decide:

1. Enter since January 1, 1998 the state obligatory civil liability insurance of owners (carriers) of vehicles before the third parties, except the organizations financed by means of the Government budget of Turkmenistan and the companies of common carrier, rates for which services are regulated by the state.

Determine that object of this type of insurance is the civil responsibility of owners (carriers) of vehicles for the damage caused to the third parties as a result of the road accidents.

2. Prohibit operation of vehicles in the territory of Turkmenistan without the conclusion of the agreement of the state obligatory civil liability insurance of owners (carriers) of vehicles before the third parties.

3. Assign to the State insurance company of Turkmenistan implementation of the state obligatory civil liability insurance of owners (carriers) of vehicles before the third parties, including owners (carriers) of vehicles of other states in case of entrance on the territory of Turkmenistan and departure out of its limits.

4. Approve the enclosed Regulations on the state obligatory civil liability insurance of owners (carriers) of vehicles before the third parties.

5. To the Ministry of Defence of Turkmenistan to establish control of payment of insurance payments by owners (carriers) of vehicles in case of registration, re-registration, technical inspection and in use these means.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info