Resolution on Lump Sum Funds and Insurance Premiums for Insurers Operating in the Green Card System

BOARD OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF AZERBAIJAN RESOLUTION No. Q-10 Baku city January 30, 2015 On determining the amount of lump sum funds to be paid by insurers wishing to operate within the Green Card System to the current liabilities reserve account formed by the Compulsory Insurance Bureau and the insurance premiums to be applied under this system by insurers entitled to operate within the Green Card System To ensure the implementation of Part 2 of Decree No. 415 of the President of the Republic of Azerbaijan dated December 22, 2014, titled "On Amendments to Decree No. 500 of the President of the Republic of Azerbaijan dated September 15, 2011, “On Application of the Law of the Republic of Azerbaijan No. 1113-IVQD dated November 28, 2014, "On Amendments to the Law of the Republic of Azerbaijan "On Compulsory Insurance" and "On Application of the Law of the Republic of Azerbaijan No. 165-IVQ dated June 24, 2011, "On Compulsory Insurance", the Board of the Ministry of Finance of the Republic of Azerbaijan HEREBY RESOLVES:

1. To determine the amount of the lump sum to be paid to the account for the current liabilities
   reserve formed by the Compulsory Insurance Bureau of insurers wishing to operate within the Green Card System, as provided for in Article 63-4.3 of the Law of the Republic of Azerbaijan "On Compulsory Insurance", at 10,000 (ten thousand) manats.

2. To determine the insurance premiums to be applied under the Green Card international
   insurance system by insurers entitled to operate within this system in accordance with Article
   63.9 of the Law of the Republic of Azerbaijan “On Compulsory Insurance”, in the following
   categories, taking into account the insurance amounts for compulsory insurance of civil liability of motor vehicle owners provided for in the legislation of the countries included in the Green Card System:
   2.1. Insurance premiums for vehicles traveling to the Republic of Turkey and the Islamic
   Republic of Iran under Green Card contracts (Appendix 1);
   2.2. Insurance premiums provided for in relation to motor vehicles traveling to the Republic
   of Belarus, the Republic of Moldova, the Russian Federation and the Republic of Ukraine under Green Card contracts (Appendix 2);
   2.3. Insurance premiums provided for in relation to motor vehicles traveling to countries
   included in the Green Card System under Green Card contracts (Appendix 3).

3. To determine that in relation to a motor vehicle traveling to several countries belonging to
   separate categories specified in Part 2 of this Resolution, the insurance premium is calculated according to the category for which a higher insurance premium is provided.

4. To instruct he Ministry's Department for Regulation of the Financial and Insurance Market and
   the State Insurance Supervision Service to submit this Resolution to the Ministry of Justice of the Republic of Azerbaijan for inclusion in the State Register of Legal Acts of the Republic of Azerbaijan within 3 days and resolve other issues arising from this Resolution.

5. To entrust Deputy Minister Azer Bayramov with supervision over the implementation of this
   Resolution.

6. This Resolution shall enter into force on January 1, 2016.
   Samir Sharifov
   Chairman of the Board,
   Minister of Finance
   Republic of Azerbaijan

Appendix 1
to Board Resolution No. Q-10
Ministry of Finance
Republic of Azerbaijan
January 30, 2015
Insurance premiums for vehicles traveling to the Republic of Turkey and the Islamic Republic of Iran under Green Card contracts Vehicle type The amount of insurance premium for the term of the Green Card contract (in manats) 12 months 6 months 3 months 1 month

1. By engine capacity of passenger cars and other
   vehicles manufactured on their basis:

• 50 cm3
• 1500 cm3
  80 60 40 15
• 1501 cm3
• 2000 cm3
  90 70 50 17
• 2 001 cm3
• 2500 cm3
  100 75 60 20
• 2501 cm3
• 3000 sm3
  110 80 70 22
• 3001 cm3
• 3500 cm3
  130 85 75 25
• 3501 cm3
• 4000 cm3
  150 90 80 30
• 4001 cm3
• 4500 cm3
  170 100 90 40
• 4501 cm3
• 5000 cm3
  190 120 100 50
• over 5000 cm3
  220 150 120 70

2. Buses, minibuses and other motor vehicles
   manufactured on their basis - by the number of passenger seats:

• 9-16 240 180 100 80
• over 16 360 270 160 90

3. Trucks and other motor vehicles manufactured on
   their basis - according to their maximum permissible mass:

• If it does not exceed 3500 kg 350 230 120 80
• 3501 kg - 7000 kg 400 300 170 90
• over 7000 kg 440 330 190 110

4. Motorcycles and scooters 70 50 30 12
5. Trailers and semi-trailers 70 50 30 12
6. Tractors, road construction, forestry and agricultural
   vehicles
   100 75 45 25

Appendix 2
to Board Resolution No. Q-10
Ministry of Finance
Republic of Azerbaijan
January 30, 2015
Insurance premiums for vehicles traveling to the Republic of Belarus, the Republic of Moldova, the Russian Federation and the Republic of Ukraine under Green Card contracts Vehicle type The amount of insurance premium for the term of the Green Card contract (in manats) 12 months 6 months 3 months 1 month

1. By engine capacity of passenger cars and other
   vehicles manufactured on their basis:

• 50 cm3
• 1500 cm3
  50 40 25 10
• 1501 cm3
• 2000 cm3
  70 60 35 12
• 2 001 cm3
• 2500 cm3
  80 65 40 15
• 2501 cm3
• 3000 cm3
  90 75 45 17
• 3001 cm3
• 3500 cm3
  100 80 50 20
• 3501 cm3
• 4000 cm3
  120 85 55 25
• 4001 cm3
• 4500 cm3
  150 90 60 30
• 4501 cm3
• 5000 cm3
  170 95 70 40
• over 5000 cm3
  190 110 80 50

2. Buses, minibuses and other motor vehicles
   manufactured on their basis - by the number of passenger seats:

• 9-16 200 150 80 60
• over 16 300 220 130 80

3. Trucks and other motor vehicles manufactured on
   their basis - according to their maximum permissible mass:

• If it does not exceed 3500 kg 300 200 100 50
• 3501 kg -7 000 kg 330 270 150 70
• over 7000 kg 400 300 170 80

4. Motorcycles and scooters 50 40 25 10
5. Trailers and semi-trailers 50 40 25 10
6. Tractors, road construction, forestry and agricultural
   vehicles
   80 60 40 20

Appendix 3
to Board Resolution No. Q-10
Ministry of Finance
Republic of Azerbaijan
January 30, 2015
Vehicle type
The amount of insurance premium for the term of the Green Card contract (in manats) 12 months 6 months 3 months 1 month

1. By engine capacity of passenger cars and other
   vehicles manufactured on their basis:

• 50 cm3
• 1500 cm3
  100 70 50 30
• 1501 cm3
• 2000 cm3
  150 80 60 35
• 2 001 cm3
  – 2500 cm3
  170 90 80 45
• 2501 cm3
• 3000 cm3
  200 110 90 50
• 3001 cm3
• 3500 cm3
  250 140 100 55
• 3501 cm3
• 4000 cm3
  300 200 120 70
• 4001 cm3
• 4500 cm3
  350 240 150 80
• 4501 cm3
• 5000 cm3
  380 260 170 90
• over 5000 cm3
  400 280 190 100

2. Buses, minibuses and other motor vehicles
   manufactured on their basis - by the number of passenger seats:

• 9-16 600 450 270 150
• over 16 900 650 400 230

3. Trucks and other motor vehicles manufactured on their
   basis - according to their maximum permissible mass:

• If it does not exceed 3500 kg 600 400 250 160
• 3501 kg - 7000 kg 850 600 400 250
• over 7000 kg 1200 850 500 290

4. Motorcycles and scooters 100 70 50 30
5. Trailers and semi-trailers 120 80 60 35
6. Tractors, road construction, forestry and agricultural
   vehicles
   250 180 110 60