From January 1, 2025 the international certificate “Green Card” will be valid only on the next day after its registration and entering into the Unified Centralized Database of the MTSBU. According to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU), such a norm is enshrined in the new law on CMTPL insurance, coming into force from the beginning of next year.
Previously, drivers had the opportunity to issue an insurance certificate “Green Card”, which began its effect on the day of its registration, just before crossing the state border.
In addition, it is reported that from January 1, 2025 free pricing will be introduced for all liability insurance contracts for drivers. This also applies to “Green Card” insurance certificates.
Today, pricing is regulated by the state by establishing uniform amounts of insurance payments, which insurance companies are obliged to apply in tariff setting.
“Starting from January 1, these restrictions will be abolished, and insurance companies will be able to independently determine the parameters that will affect the formation of the cost of policies, based on their own underwriting models and insurance portfolios, as well as other factors relating to the risks caused by the occurrence of an insured event,” the report says.
Another innovation from the beginning of next year will be the full-fledged operation of the electronic certificate of “Green Card” in all member countries of the system. That is, drivers will be able to present the insurance certificate in digital form, saving it, for example, in a PDF file on a mobile device in any country that is part of the insurance system.
At the same time, the MTSBU recommends Ukrainian drivers to print and keep the certificate in paper format before going abroad to present it at the request of authorized foreign regulatory authorities.
“Green Card” – a system of insurance protection of victims in a road traffic accident regardless of the country of their residence and registration of vehicles of the country. It is distributed on the territory of 44 countries in Asia and Europe.
In accordance with the decision of the Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” adopted in Luxembourg in May 2004, Ukraine since January 1, 2005 is an integral system.
