Albanian drivers who have not made an accident are ransomed

The bill, prepared by the Financial Supervisory Authority, is already located in the offices of the Ministry of Finance and Economy. The bill first brings the Bonus -Mallus system and is also calculated by the history of accidents.

“Security Society is obliged to make available last five years' history damage certificate, according to format, method, timetable and content defined with rules approved by Authority”, It says in draft.

But what does the Bonus Malus system mean?

One such system is called that which is applied to determine the level of mandatory motor security, based on the history of insurance damage. Currently, this system does not exist, and the drivers pay the same.

Another change in the draft is the strengthening of penalties for those citizens who have not made mandatory fine insurance ranging from $1040 thousand in car sequetro until the hour of insurance payment.

Meanwhile, taking steps from citizens' complaints of dragging down damage AMF has projected insurance companies to pay the damage within 14 days of applying for compensation if the damage is about $100,000.

Subtitles for damages to property worth as much as 100,000, will be paid by security companies within 14 calendar days by the date of the payment requirement”, Says Article 11, says Oranews

By means of the new draft, there is also a limit to changing insurance prices by granting companies the right to change no more than twice a year, and for this they should report 30 days ago the AMF from the current 10th.

The new bill also envisions the creation of a special compensation fund, while companies must pay at least $150m.