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MTPL

MTPL under compulsory insurance, third party prejudiced after a car accident, the insured vehicle the driver at fault will receive compensation for damage to property and / or death or bodily injury suffered. People who have CDW and have caused the accident will receive compensation if their vehicle rather than through an optional type hull damage and theft.
Auto liability insurance is in the interests of the affected and the one who caused the damage. If the offender does not have this insurance, the guilty party is forced to pay damages injured third party.
Starting January 1, 2010 issue of MTPL policies is done electronically so that human errors to supplement policies to diminish, which results in increased accuracy CEDAM database. This database provides a record of all policies in Romania ended MTPL and easy access to all persons interested in the existence of a policy for a particular vehicle.
If the events involving only two vehicles and of material injury resulting only, endorsement of insurance companies may be in the form of finding amicable. This fomular there should only be used when a common will of the parties involved in the accident, when two people are involved than when no injuries result when persons and persons involved were not under the influence of alcohol or narcotics and hallucinogenic substances . Detrimental will address after completion of the insurance company found guilty in order to determine appropriate compensation.
Starting January 1, 2010 in Romania the arrangement bonus / malus system so the first calculated for policies issued by MTPL in early will depend on the history made by the insured daunalitate / user person in a reference period. Aocrdata reduction for successive years without damage can reach up to 50% bonus due to the 14 classes covered by the CSA. If malus clause will be taken into account the events for which was paid at least damage in the reference period. In this situation, Malus will apply regardless of who drove his vehicle at the time of the accident. The increase will apply depending on the damage and paid, it can reach up to 200%. Under the rules implemented by CSA Order no. 21/2009, the system bonus / malus system will be applied separately if the insured owns several vehicles. Also, if alienation or cancellation of the insured vehicle, setting a new class of bonus / malus system for a newly acquired vehicle will be based on class Banus / malus that previously insured benefit.


Applicable compensation limits set by the MTPL insurance Insurance Supervisory Commission are:
a) for damage to property produced in one and the same accident, regardless of the number of victims, compensation for accidents limit in 2010 is 500,000 euros and for accidents in 2011 of EUR 750,000, these limits are established in lei equivalent exchange rate of the currency market at the time of the accident by the National Bank of Romania;
b) for bodily injury and death, including non-patrimonial damage produced in one and the same accident, regardless of the number of victims, compensation for accidents limit in 2010 of 2.5 million euros and for accidents in 2011 3.5 million EURO. These limits are established in lei equivalent at the exchange rate of the currency market at the time of the accident, by the National Bank of Romania.