OREANDA-NEWS. November 12, 2012. Ingosstrakh Insurance Company has won the tender of the Ministry of Economic Development and Trade of the Russian Federation for the right to provide compulsory motor vehicle liability insurance (CMPTL) in the year 2012.

Insurance coverage will be provided for 34 transport vehicles. Insurance liability limit has been established in accordance with the current legislation of the Russian Federation.

Under motor vehicle liability insurance, a loss event is an obligation of the motor vehicle owner to indemnify the damage inflicted to life, health or property of third persons when operating the motor vehicle insured as required by civil laws of the RF.

Along with Ingosstrakh Insurance Company, 5 insurance companies took part in the tender.