Russian Union of Auto Insurers

Russian Union of Auto Insurers
Russian Union of Auto Insurers
Type of	Non-profit organization
Year of foundation	August 8, 2002
Representation	Novosibirsk, St. Petersburg, Nizhny Novgorod, Khabarovsk, Yekaterinburg, Rostov-on-Don, Simferopol
Field of activity	Insurance
Number of members	70
Site	Official site

The Russian Union of Auto Insurers (RSA) is a non-profit organization , the all-Russian professional association of insurers that carry out compulsory civil liability insurance of vehicle owners .

The organization was established on August 8, 2002 , and operates in accordance with the law "On Compulsory Third Party Liability Insurance of Vehicle Owners". ^[one]

As of the beginning of 2017, the SAR totaled:

70 insurance companies - full members
6 supervisory insurance companies ^[2]

Content

Functions and powers of a professional association of insurers

Professional Association of Insurers:

ensures interaction of its members in the course of compulsory insurance, develops and establishes the rules of professional activity binding on the professional association and its members and monitors their compliance;
represents and protects in government bodies, local governments, other bodies and organizations interests related to the implementation by members of a professional association of compulsory insurance;
makes compensatory payments to victims in accordance with the constituent documents of a professional association and the requirements of the law;

A professional association of insurers is entitled to:

to form and use information resources containing information on compulsory insurance, including information on compulsory insurance contracts and insured events , personal data on policyholders and victims, with the provision of requirements for the protection of restricted information established by the legislation of the Russian Federation;
protect in court the interests of members of a professional association related to their compulsory insurance;
carry out the functions assigned to it in accordance with the legislation of the Russian Federation for informational, organizational and technical support for the implementation of the law, including functions related to the activities of members of a professional association within the framework of international insurance systems. ^[3]

On July 1, 2016, a campaign was launched to transfer CTP insurance insurers to the sale of policies on new forms. ^[four]

Representations

The Russian Union of Auto Insurers has representative offices in the following regions:

in the Far Eastern Federal District ( Khabarovsk , Khabarovsk Territory )
in the Volga Federal District ( Nizhny Novgorod , Nizhny Novgorod Region )
in the Northwestern Federal District ( St. Petersburg )
in the Siberian Federal District ( Novosibirsk , Novosibirsk Region )
in the Ural Federal District ( Yekaterinburg , Sverdlovsk Region )
in the Southern Federal District ( Rostov-on-Don , Rostov Region )

Compensation Payments

In accordance with the law ^[1] , PCA makes a number of compensation payments to victims of road traffic accidents :

if the insurance company in which the liability of the perpetrator of the incident was insured, the license was revoked or it was declared bankrupt ;
if the originator of the incident is unknown;
if in violation of the law the liability of the perpetrator of the incident was not insured.

To make compensation payments, insurance companies - members of the RSA form a reserve fund in the amount of 3% of the collected insurance premiums . ^[five]

The Problem of Growth in Payments on Debts of Bankrupt Companies

As of October 1, 2009, the license was revoked from 36 OSAGO insurers; PCA has already paid 2.8 billion rubles for their debts. Since July 2009, the union pays 400 million rubles. compensation per month. With the current balance of receipts and payments, the compensation fund can be fully expended in the second quarter of 2011 . ^[6]

Notes

↑ ¹ ² Federal Law “On Compulsory Third Party Liability Insurance of Vehicle Owners”
↑ List of insurance companies - members of the RSA (neopr.) (Inaccessible link) . Date of treatment October 7, 2009. Archived November 19, 2010.
↑ Federal Law “On Compulsory Third Party Liability Insurance of Vehicle Owners”. Section 25.
↑ PCA :: PCA News (unopened) (inaccessible link) . Date of treatment July 28, 2016. Archived on August 16, 2016.
↑ Decree of the Government of the Russian Federation of 08.12.2005 No. 739 “On approval of insurance rates for compulsory insurance of civil liability of vehicle owners, their structure and the procedure for use by insurers in determining the insurance premium”
↑ The Union of Auto Insurers is ruined by bankrupt (neopr.) . The newspaper Kommersant No. 171 (4226) dated September 6, 2009. Date of treatment October 7, 2009. Archived on April 8, 2012.

Links

Russian Union of Auto Insurers. Official website (unopened) . Date of treatment October 7, 2009. Archived on April 8, 2012.

[fz-1] ¹ ² Federal Law “On Compulsory Third Party Liability Insurance of Vehicle Owners”

[rsa1-2] List of insurance companies - members of the RSA (neopr.) (Inaccessible link) . Date of treatment October 7, 2009. Archived November 19, 2010.

[fz2-3] Federal Law “On Compulsory Third Party Liability Insurance of Vehicle Owners”. Section 25.

[4] PCA :: PCA News (unopened) (inaccessible link) . Date of treatment July 28, 2016. Archived on August 16, 2016.

[prav1-5] Decree of the Government of the Russian Federation of 08.12.2005 No. 739 “On approval of insurance rates for compulsory insurance of civil liability of vehicle owners, their structure and the procedure for use by insurers in determining the insurance premium”

[-6] The Union of Auto Insurers is ruined by bankrupt (neopr.) . The newspaper Kommersant No. 171 (4226) dated September 6, 2009. Date of treatment October 7, 2009. Archived on April 8, 2012.