OREANDA-NEWS. November 2, 2010. INGO Armenia, Ingosstrakh’s affiliate since October 18, 2010, started the CMTPL policies sale. During the first day of sale 148 motor third-party liability insurance contracts were entered into. As of today, 1,000 policies have already been issued.

Let us remind that this year CMTPL has been introduced in Armenia. All vehicle owners will have to sign the relevant contracts before December 31, 2010. Eight Eight insurance companies with a relevant license already started the sale of policies. Amounts of insurance payments were finalized between 19,000 and 110,000 drams (roughly from US \\$52 to US\\$305 ).

Population of the republic positively reacted to the CMTPL introduction which is evidenced in particular by the INGO Armenia insurants’ activity. “We highly appreciate the level of consciousness and insurance culture of our clients and believe that it’s an example to be followed", the company’s Executive Director Levon Altunyan said.

 INGO Armenia insurance joint-stock company has created all the conditions for the simplification and facilitating of the insurance process, in particular there is a hot line so that the citizens could receive information on any insurance issues of interest. The company has also established more sale outlets by increasing the same to 250 all over Armenia.