Russia Proposes OSAGO Insurance Limit Cap
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Insights by Echo AI
The Russian Ministry of Finance has drafted amendments to the current law on OSAGO (Mandatory Motor Third-Party Liability Insurance) that aim to introduce a ban on insurers exceeding the full limit of property compensation for car repairs. The proposed limit is 400,000 rubles (approximately $5,400 USD). The draft document has been published on the government information portal.
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