Moscow, Aug 10. Elvira Nabiullina, head of the Central Bank of Russia
Moscow, Aug 10. Elvira Nabiullina, head of the Central Bank of Russia, stated at a meeting of the Russian Federation Council chaired by President Vladimir Putin that the administration of fines for carriers without OSAGO insurance policies needs to be improved.
Consensus
- Elvira Nabiyulina, head of the Central Bank of Russia, spoke at a Government Council meeting chaired by President Vladimir Putin about improving the system of fines for drivers without OСAГО insurance.
- Nabiyulina stated that current OСAГО policies are unprofitable for insurance companies.
- She suggested that improving the administration of fines could lead to increased insurance sales and additional profits for insurers.
- New OСAГО rules, approved by the Central Bank of Russia, allow drivers to get a partial refund of insurance costs if they cancel the policy before it takes effect.
- The new rules also removed specific payout amounts in the case of accidents.
Points of divergence
- Nabiyulina mentioned that the unprofitability of OСAГО for insurers reaches 103%. — kommersant
- Minister of Finance Anton Siluanov proposed using road fund money to subsidize public transport fares and emphasized the need for additional funding sources for public transport. — kommersant
- In July, the Ministry of Finance proposed legislative amendments to eliminate payments exceeding 400,000 rubles for car owners. — kommersant
- Nabiyulina emphasized that legislative changes have been adopted but lack technical implementation for enforcement. — vesti
Coverage (2 sources)
- Nabiyulina called for refining the system of fines for lack of ОСАГО — Коммерсантъ
- Nabiyullina called for improving administration of fines for lack of OSAGO — Вести
Key entities
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