According to the press service of the Parliamentary Assembly of the Union of Belarus and Russia, following the last meeting of the Parliamentary Assembly Commission on Legislation and Regulations, it was decided to develop a model law on compulsory motor insurance, BELTA informed.

During the meeting, there was presented information on the progress in resolving the issue of reducing in Belarus the minimum period of compulsory insurance of civil liability of owners of vehicles registered abroad to 5 days. Such a measure, according to the deputies, will be the first stage of harmonization of the Belarusian insurance legislation with the legislation of Russia, where the minimum insurance period is 5 days. According to the Ministry of Finance of Belarus, a draft decree of the President of the Republic of Belarus has now been prepared, providing for a reduction in the minimum period from 15 days to 5-10 days, and its approval is expected after adoption of the Law of the Republic of Belarus "On insurance activities", which is scheduled to be submitted to the House of Representatives in April 2022, as the press service explained.