The object of insurance under insurance contracts is the liability of the Insured and/or other persons whose liability is insured for damages caused to a third party or its property during the operation of a land vehicle specified in the insurance contract (secured vehicle).
Contracts for international compulsory insurance of civil liability "Green Card" are concluded in relation to vehicles (hereinafter referred to as vehicles) registered in Ukraine.
The insurance risk is the occurrence of liability of the Insured/Driver for damage caused to a third party or their property due to an accident while using the insured vehicle specified in the insurance certificate 'Green Card'. The 'GREEN CARD' product entails contracts for international mandatory insurance of civil liability concerning vehicles registered in Ukraine. Compensation is not provided for damage caused to the perpetrator, their vehicle involved in the accident, as well as property that was in this vehicle.
The area of validity of the Agreement is specified in the "Green Card" certificate: - valid in the territory of the countries that are members of the international "Green Card" system (except for Russia and Belarus) or - valid in the territories of the countries Azerbaijan and Moldova. A list of the countries that are members of the "Green Card" system can be found at the following link: https://mtsbu.ua/greencard/members
The minimum duration of the insurance contract is 15 days, the maximum is 12 months (one year). The international agreement 'Green Card' can be concluded for periods of: 15 days, 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months or one year. The 'Green Card' agreement comes into effect at 00:00 on the start date specified in the insurance policy, but not earlier than the start of the day following the date of its registration in a single centralized database for mandatory insurance of civil liability of owners of ground vehicles.
The limit of liability (insurance sum) under the 'Green Card' is equal to the legally established limit of the country where the accident occurred.
Not applicable.
For 'Green Card' contracts, the Cabinet of Ministers of Ukraine establishes maximum insurance payment amounts, within which the MTIBU sets unified compulsory insurance payment amounts for its full members for such contracts. The insurance premium (current value) is indicated on the official MTIBU page: https://mtsbu.ua/greencard/skilki-koshtuye-strahovijsertifikat-zelena-kartka
The insurance premium is paid in full before the conclusion/signing of the insurance contract. When the insurance premium is paid in a cashless form, the premium is considered paid from the moment the funds are received in the insurer's current account or that of its representative (insurance intermediary); in cash form, it is considered paid from the moment it is deposited in the insurer's cash register or that of its representative (insurance intermediary).
The insurance contract may be terminated early at the initiative of the Policyholder:
- at the written request of the Insured, which they must notify the Insurer of no later than 30 days before the expiration date of the insurance contract and provide the original policy to the Insurer if the insurance contract was concluded using a blank policy (Certificate);
- in the event of the vehicle being taken from the Insured's possession against their will or the destruction of the vehicle;
in other cases stipulated by the current legislation of Ukraine. In the event of early termination of the insurance contract, the Insurer withdraws the insurance policy (if issued on a form) and cancels it and, in the absence of insurance compensation payments under it, returns to the Insured a portion of the insurance premium calculated proportionally to the remaining period of insurance until the expiration of the contract, with deduction of the costs incurred by the Insurer for concluding and performing the insurance contract. If the Insured's refusal from the contract is due to the Insurer's breach of the terms of the contract, the Insurer returns to the Insured the insurance premiums paid by them in full. The request to terminate the Insurance Contract early is made/implemented based on an application, the template of which is provided by the Insurer or an application available on the Insurer's official website. In case of a change of ownership of the insured vehicle, the insurance contract remains valid until its term expires. In the event of the disposal of the secured vehicle.
The rights and obligations of the Insured pass to the person who takes possession of the vehicle. In the event of the death of the Insured - an individual, their rights and obligations under the insurance contract pass to the persons who inherited the insured vehicle. If the Insured - a legal entity ceases to exist and its successors are established, the rights and obligations of the Insured under the insurance contract pass to the successor.
Exceptions from insured events and insurance limitations. The insurer does not compensate:
- damage caused during the operation of the secured vehicle, but for which civil liability does not arise according to the law;
- damage caused to the secured vehicle that caused the traffic accident;
- damage to the life and health of passengers who were in the secured vehicle that caused the traffic accident and who are insured under other personal insurance contracts;
- damage caused to property that was in the secured vehicle which caused the road traffic accident;
- damage caused while using the secured vehicle during a training trip or to participate in official competitions;
- damage that is directly or indirectly caused by or contributed to by ionising radiation from any nuclear fuel
radioactive poisoning, radioactive, toxic, explosive or otherwise dangerous property of any explosive nuclear compound or its nuclear component;
- damage related to the loss of commodity value of the vehicle;
- damage caused to the life and health of the driver of the insured vehicle who caused the traffic accident;
- damage caused by the destruction or loss as a result of a traffic accident of antique items, products made of precious metals, precious and semi-precious stones, jewellery, religious items, paintings, manuscripts, banknotes, securities, various documents, philatelic, numismatic and other collections;
- the damage caused as a result of a traffic accident if it occurred due to public disturbances and group violations of public order, military conflicts, terrorist acts, natural disasters, munitions explosions, vehicle fires not related to this incident.
The basis for the Insurer's refusal to make an Insurance indemnity payment is:
- deliberate actions of a person whose liability is insured (the insurer), the driver of a vehicle or the victim, aimed at causing an insured event. This norm does not apply to persons whose actions are related to fulfilling their civil service duties, committed in a state of necessary defence (without exceeding its limits) or during the protection of property, life, health. The qualification of the actions of such persons is determined in accordance with the law;
- the commission by a person whose liability is insured (the insurer), the driver of a vehicle of a deliberate criminal offence that led to an insured event.
- failure by the victim or another person entitled to compensation to fulfil their obligations as defined in the insurance contract and General Conditions, if this has led to the Insurer's inability to establish the fact of the road traffic accident, the causes and circumstances of its occurrence, or the extent of the damage suffered;
- failure to submit a claim for insurance compensation within one year if the damage was caused to the victim's property, and three years if the damage was caused to the health or life of the victim, from the moment of the road traffic accident;
- cases and grounds provided in the section 'Exceptions from Insurance Cases and Limitations of Insurance'.
