Two new types of mandatory insurance might be introduced in Belarus, First Deputy Finance Minister of Belarus Vladimir Amarin said on 21 March at a session to discuss the domestic insurance market. The session was hosted by the Belarusian head of state, BelTA learnt from the press service of the Belarusian President.
The press service informed that Vladimir Amarin informed the head of state about the proposals that were included in the draft decree to improve the operation of the insurance market.
Two new types of mandatory insurance are suggested to be introduced in Belarus. The first one is the liability insurance of legal entities and self-employed entrepreneurs who operate certain facilities and whose activities cause losses and damage. The second one is the liability insurance of forwarders who transport hazardous cargo.
New types of mandatory insurance discussed in BELARUS