Search terms: Insurance & Reinsurance, Russia
Russia has finally joined the international civil liability motor insurance system, known as the 'green card' system. As of the start of 2009, 12 Russian insurers had obtained a licence to issue green card policies. This type of insurance is not compulsory under Russian law and insurers wishing to conduct this line of business must comply with strict conditions.
Including: Legislation; Lines of Business; Minimum Charter Capital; Regulating Bodies; Regulation of Foreign Investment.