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Publication date: 25.05.2024
In Ukraine, the European norms of "autocivilka" will be introduced: the Law has been adopted
On May 21, 2024, the Verkhovna Rada of Ukraine adopted the Law on Compulsory Civil Liability Insurance of Land Vehicle Owners, known as draft law No. 8300. This law is aimed at harmonizing Ukrainian insurance standards with European standards, which will improve the protection of the rights of drivers and victims of traffic accidents (traffic accidents).
Basic provisions of the Law
1. Increasing liability limits
Increase in insurance payouts: The law provides for an increase in the liability limits of insurers for damage caused to life, health and property of the victims. This means that victims of road accidents will be able to receive more compensation.
European standards: Liability limits will now comply with European standards, which will ensure fairer and more adequate payouts
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2. Transparency and control
Electronic accounting of policies: A system of electronic accounting of "autocivilka" policies is being implemented, which will ensure transparency and control over compliance with the law.
Monitoring of payouts: Insurance companies are required to regularly report payouts, which will allow regulators to supervise more effectively.
3. Protection of consumer rights
Speed of payments: Clear deadlines for payment of compensation to victims are established, which will help speed up the process of receiving funds.
Appealing decisions: Victims have the right to appeal the decisions of insurers in the event of a refusal to pay or an unsatisfactory amount of compensation.
4. Strengthening the responsibility of insurers
Sanctions for violations: Strict sanctions are introduced for insurance companies for violating the terms of insurance contracts and delaying payments.
Licensing: Licensing requirements for insurance companies operating in the auto-civilian market are being strengthened to ensure their financial stability and reliability.You may be interested in the following articles: Analysis, consultation, evaluation. legal analysis of the situation, lawyer's consultation, lawyer's consultation, analysis of documents, legal analysis of the situation, written consultation, verification of documents by a lawyer, lawyers' documents, lawyer's help online, lawyer online, legal opinion, legal opinion of a lawyer, lawyer online.
Expected consequences
Adoption of this law aims to achieve several important goals:
Increasing the level of protection of victims in road accidents: Increasing insurance payments and improving the conditions for obtaining them will ensure better protection of the rights of victims.
Harmonization with European standards: Implementation of European norms in the field of civil liability insurance will contribute to Ukraine's integration into the European economic space.
Transparency and trust: Electronic accounting of policies and increased control over insurance companies will increase the transparency of the auto-civilian market and consumer confidence in insurance services.
Reducing red tape: Clear procedures and payment timelines will reduce bureaucratic hurdles for receiving compensation.
Conclusion
Adoption of the law on mandatory civil liability insurance for owners of land vehicles is an important step towards improving the efficiency of the insurance system in Ukraine. The implementation of European standards will ensure better protection of the rights of victims of road accidents, increase transparency and trust in the insurance market, and also contribute to Ukraine's integration into the European economic space.
