KYRGYZSTAN: The Ministry of Economy and Commerce was the first to start insuring company vehicles under MTPL

9 January 2023 —
On December 29, 2022 the Ministry of Economy and Commerce was the first to start insuring company cars under mandatory third party liability insurance (MTPL), with the insurance company AYu Garant, the State Service of Regulation and Supervision of the Financial Market at the Government of the Kyrgyz Republic reports.

To date, the Kyrgyz Republic has the Law "On Compulsory Insurance of Civil Liability of Motor Vehicle Owners", adopted on July 24, 2015 No. 192 (entered into force on February 7, 2016).

On March 4, 2022, the Decree of the Cabinet of Ministers of the Kyrgyz Republic "On approval of the minimum insurance amounts, liability limits and insurance premium rates for compulsory insurance of civil liability of motor vehicle owners" was adopted; on November 4, 2022, the Resolution of the Cabinet of Ministers of the Kyrgyz Republic "On approval of acts in the field of compulsory insurance of civil liability of motor vehicle owners" was adopted.



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