Sat, Jul 04 2009

Control over third-party liability insurance to stiffen

Fri, Jul 18 2008 12:34 CET bydnevnik.bg 58 Views

Bulgarian authorities will step up the policing of third-party liability insurance of local motorists under changes to the ordinance regulating the exchange of information between the Guarantee Fund and the Interior Ministry.

The Interior Ministry will report on an ongoing basis the names and addresses of uninsured motorists to the Guarantee Fund. The fund, for its part, will notify in writing the motorists that they are in breach of the mandatory requirement for a third-party liability insurance.

If motorists fail to sort out their third party cover in the ensuing 14 days, the police will initiate a procedure for the impounding of the uninsured vehicle. Currently, the fund's hands are tied because it doesn't have the addresses of the uninsured motorists that have been reported to it.

The penetration of third-party liability insurance was reported at 83.6% at the end of June.

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