What should you pay attention to when choosing an insurance company for compulsory motor third party liability insurance

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It sets the following conditions. The policy issued to the insurer must meet the requirements. In particular, the insurance company is required to: license to provide insurance services; conducting activities within the framework of the laws of the Russian.

Federation, providing reliable information and documents; at least 3 years of experience in the market; absence of overdue or outstanding debt in the amount of more than 10% of the company's assets. In addition, the company's insurance portfolio must be balanced, and the authorized capital chinese singapore phone number list must comply with the Law of the Russian Federation of November 27, 1992 No. 4015-1. That is, the basic requirements imposed by VTB Bank on insurance companies relate to their financial stability, work experience, and licensed activities.


Register and evaluate all earning opportunities for free Register How insurance companies receive VTB accreditation The accreditation process of the SC is carried out in accordance with the regulation approved by the financial organization. It occurs as follows: The insurer sends documents and information to the bank to consider the issue of inclusion in the lisT.

The bank then checks the provided materials for completeness and compliance with the established criteria (up to 60 working days from the date of receipt of the documents); Following the inspection, within 10 days from the date of the decision, the bank notifies the insurer of compliance or non-compliance with the established requirements. The inclusion of the insurance company in the list of accredited ones depends on this.