
The National Financial Market Commission (CNPF) has approved a decision allowing the cost of Compulsory Motor Third Party Liability (CMTPL) insurance to go up 36%.
The corresponding CNPF resolution will take effect after the publication in Monitorul Oficial (the Official Journal of Moldova). In particular, the CNPF leadership at the session of August 9 made amendments to its resolution on the procedure of presentation, coordination and application of actuarial calculation of insurance premiums for CMTPL insurance. They concern the adjustment of the formula for calculating the basic insurance premium, set depending on the adjustment coefficients and the bonus-malus system. According to calculations made in accordance with the unified methodology of calculation of the basic insurance premium and adjustment coefficients based on statistical data on CMTPL, the amount of basic insurance premium on CMTPL will increase by about 36% - from 995 to 1350 lei. Accordingly, the cost of CMTPL insurance policies will also increase. // 10.08.2022 - InfoMarket.