The coefficient applied based on the intended use of a motor vehicle has been determined.
The editorial office, citing “Trend,” reports that a coefficient will be applied when a motor vehicle is used for passenger transportation by taxi.
Thus, when a motor vehicle is used for passenger transportation by taxi cars, a coefficient of 1.5 will be applied for calculating the amount of the 1-year insurance premium payable when concluding a compulsory motor third-party liability insurance contract for vehicle owners.
The use of a motor vehicle for passenger transportation by taxi cars refers to passenger transportation carried out on an irregular route based on the order of any person by carriers who have a relevant permit and permit card for the motor vehicle, issued by the authorized state body in accordance with the laws “On Motor Transport” and “On Licenses and Permits.”
When concluding an insurance contract, the coefficient reflected above will be applied if information about the permit and permit card for the motor vehicle's use in passenger transportation by taxi cars is available.
If it is not possible to determine information about the permit and permit card for the motor vehicle's use in passenger transportation by taxi cars, the application of the above-mentioned coefficient will be carried out based on the voluntary declaration of the insured when concluding the insurance contract.
If it is not possible to determine information about the permit and permit card for the motor vehicle's use in passenger transportation by taxi cars, or if such information is not declared by the insured to the insurer in the case stipulated in the paragraph above, a coefficient of 1 will be applied for calculating the insurance premium amount.