From March 8, 2021, the maximum amount of compensation for damage during the peaceful settlement of an accident for owners of compulsory motor third party liability insurance and Green Card policies is 15 thousand lei.
The corresponding decision of the National Commission on Financial Market on amendments to the decree on the procedures for the peaceful settlement of the road traffic accident was published in Monitorul Oficial. Thus, 2 years after the introduction of the peaceful settlement procedure for owners of compulsory motor third party liability insurance policies, the provisions of the legislation on the application of this procedure for the owners of Green Card policies came into force. The maximum amount of damages for the holders of the Green Card policy is set at 15 thousand lei. At the same time, the NCFM increased from 10 thousand to 15 thousand lei the maximum amount of compensation for damage to the owners of compulsory motor third party liability insurance in the event of the application of the procedure for the peaceful settlement of an accident. The amendments introduced by the NCFM began to apply from March 8. Recall that the procedure for the peaceful settlement of an accident is applied in the case of road accidents involving only two vehicles and only in the case of minor material damage, provided that the accident did not result in bodily harm or damage to property. Owners or users of vehicles must at the time of the accident own a valid insurance policy of compulsory motor third party liability insurance or "Green Card". // 09.03.2021 — InfoMarket.
