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Table of Contents:
1. BACKGROUND 3
2. TYPES OF COVERAGE 3
3. TYPES OF MOTOR INSURANCE POLICIES 4
3.1. MERCHANDISE INSURANCE 4
3.2. CARRIER LIABILITY INSURANCE 8
3.3. VEHICLE INSURANCE 9
3.4. THIRD PARTY LIABILITY INSURANCE 12
3.4.1. THIRD PARTY LIABILITY INSURANCE IN ROMANIA 12
3.4.2. INTERNATIONAL THIRD PARTY LIABILITY INSURANCE 14
4. GREEN CARD 16
5. BAAR - ROMANIAN MOTOR INSURERS' BUREAU 17
6. UNIFORM AGREEMENT 21
7. INTERNAL REGULATIONS 26
8. AUTO INSURANCE PRODUCTS IN ROMANIA 38
9. BIBLIOGRAPHY 45
ANNEXES 46
1. Background
Any vehicle driven on public roads must have a certain level of insurance.
The motor insurance appeared for the first time at the beginning of the 20th century and was included in the category of insurance for accidents. In the second half of the century, due to the development of road transportation, impressive increase in the number of cars and their diversification, motor insurance was no longer only a type of insurance for accidents but became a new type of insurance as such. The total amount of insurance premiums in the case of motor insurance was in fact already higher then the total ...