Thu, 2 October
13.1 C
Yerevan
USD: 382.74 RUB: 4.68 EUR: 448.80 GEL: 140.69 GBP: 515.63

Car Insures’ Bureau denies rumors that purchase of car insurance policy becomes optional in 2012

YEREVAN, December 27. /ARKA/. The Armenian Car Insures’ Bureau has denied today rumors that purchase of a car insurance policy becomes optional in 2012.

“The Car Insurers’ Bureau officially denies rumors that car owners may themselves decide to purchase policies in 2012 or not,” it said in a press release.

It said the people spreading false information are misleading the public that may create tension and result in additional problems for car owners if they fail to buy new insurance policies.

The Bureau said car insurance is mandatory. The failure to buy a policy entails a fine up to 50 thousand drams, regardless of whether the vehicle is used or not. The fine for driving a car with expired insurance ticket is 150,000 drams.

The law on mandatory insurance of motor vehicles entered into force on January 1, 2011. It provides protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident. -0-

spot_img

POPULAR

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img