FINANCIAL ASSISTANCE

The International Charitable Foundation is guided by the provisions of the current insurance legislation of Ukraine in providing financial assistance to victims of road accidents. The Foundation’s only reliable partner in this area is the MOTOR TRANSPORT INSURANCE BUREAU OF UKRAINE (MTIBU) – non-entrepreneurial (non-profit) organization, which is the only association of insurers carrying out compulsory civil liability insurance (CCLI) of owners of land vehicles for damage caused to third parties. MTIBU currently has 42 insurance companies as members.

Payment of insurance compensation to the victims of road accidents is carried out in accordance with the conditions established by the legislation about CCLI of the country, where the road accident occurred. From September 21, 2019 in accordance with the Order of National Commission for State Regulation of Financial Services Markets №538 dated April 09, 2019, the insurance amounts under internal contracts of compulsory civil liability insurance in Ukraine are set in the following amount:

  • for damage caused to life and health – 260 000 UAH for each victim, regardless of the number of victims;
  • for the victims’ property damage – 130 000 UAH for each victim, but no more than 650 000 UAH for one insurance event.

In case of registration of electronic Euro protocol (a simplified mechanism of road accident registration without victims and calling the National Police), in accordance with the Order of National Commission for State Regulation of Financial Services Markets №3471 dated December 29, 2015, insurance indemnity is 50 000 UAH.

 

MTIBU:

  • makes regulatory payments:

– from the foundation of the protection of victims (under internal contracts, including in cases where the culprit of a road accident does not have insurance policy); of damage caused by a person who is exempt from the obligation to insure their civil liability, as combatants, disabled war veterans, disabled people of the first group; of damage caused by an unidentified vehicle; of bankruptcy or liquidation of the insurer-member of the Bureau, other cases);

– from the foundation of the insurance guarantees (under international treaties “Green card”);

  • makes insurance obligations (including under international insurance agreements) for the insurers-members of the Bureau in case of their bankruptcy or liquidation;
  • provides data on the validity of the insurance policy;
  • consult on any questions about compulsory civil liability insurance of owners of land vehicles.

For any questions on processing and receiving payments please call the MTIBU Contact Center at 0-800-608-800.

More information on the website www.mtsbu.ua