Turkmenistan Introduces Compulsory Insurance For Passengers of All Transport Types

BUSINESS TURKMENISTAN
Turkmenistan Introduces Compulsory Insurance For Passengers of All Transport Types
In accordance with the document, passengers of all types of transport, crew members of air, sea, river, road transport and employees of railway transport are subject to compulsory state individual insurance.

President Gurbanguly Berdimuhamedov during a government meeting on Friday signed the Resolution on approving the Regulation on Compulsory Insurance of Passengers and Crew Members of All Types of Transport, the State News Agency of Turkmenistan (TDH) reports.

In accordance with the document, passengers of all types of transport, and crew members of air, sea, river, road transport and employees of railway transport are subject to compulsory state individual insurance.

The decree entrusted the Ministry of Finance and Economy of Turkmenistan with the approval of the Procedure for the creation and expenditure of insurance funds for compulsory insurance of passengers, in agreement with the State Insurance Organization.

During the meeting, the Head of State also noted that improving the insurance sector and organizing the work of this sector in accordance with the realities of the time is an important direction of state policy.