COMPENSATION FUND
MISSION OF THE FUND
Fund Objective
We protect the victims of road accidents occurred on the territory of the Republic of Moldova with vehicles registered abroad.
Contributions to the Fund
The fund consists of the mandatory monthly contribution of the Green Card insurers which represents 5% of the Green Card gross written insurance premiums.
Reimbursed Damages
NBMIM reimburses to the foreign bureaux / insurers the amounts paid as compensation for the damages caused by the holders of the Green Card insurance certificate issued by the NBMIM members.
Compensated damages
NBMIM compensates the material damages, bodily injuries / death caused to the victims of road accidents occurred on the territory of the Republic of Moldova involving the holders of the Green Card insurance certificates issued by the member insurers of the Green Card system.
Particularities of compensation
NBMIM covers damages caused to third parties by the vehicles registered in Republic of Moldova, whose drivers have presented as insurance coverage false or unauthorized Green Card insurance certificates, with the recovery of paid amounts from the person guilty of causing damages.
Amount of damage
The amount of damages suffered by the injured party is established in accordance with the provisions of Law No. 106 of 21.04.2022 on compulsory civil liability insurance for damage caused by motor vehicles and the normative acts issued in this respect, which shall not exceed the maximum limits of compensation provided in the legislative act.
Compensation limits
Moral damages are not compensated.Compensation limits are:
EUR 100 000 - for damages or destruction of the property, regardless of the number of people injured in an accident.
EUR 100 000 - for each person injured in case of personal injury or death, but not more than EUR 500 000, regardless of the number of persons injured in an accident.
EUR 5 000 – moral damages resulting from the disability or death of the injured person caused by one and the same accident for one injured person or EUR 10 000 – for several injured persons.
EUR 100 000 - for damages or destruction of the property, regardless of the number of people injured in an accident.
EUR 100 000 - for each person injured in case of personal injury or death, but not more than EUR 500 000, regardless of the number of persons injured in an accident.
EUR 5 000 – moral damages resulting from the disability or death of the injured person caused by one and the same accident for one injured person or EUR 10 000 – for several injured persons.
Claim for compensation
The natural and/or legal persons considering that they have the right to benefit from Compensation Fund indemnities, will submit a claim in address of the National Bureau of Motor Insurers.
Required documents
Identity card of the injured person
Medical documents regarding bodily injuries/death, as the case may be
Refusal of the MTPL insurer to indemnify the injured party, as the case may be
Vehicle registration certificate
Documents issued by legal institutions regarding the circumstances of the road accident/amicable statement form
Power of attorney and identity card of the representative, as the case may be
Extract from the State Register of Legal Entities
Extract from the State Register of Legal Entities
PERSONAL DATA PROTECTION
Article 1
NBMIM has high-performance informational security systems that ensure the confidentiality of the personal data in strict accordance with the Security Policy on the processing of personal data within the NBMIM.
Article 2
The processing of personal data is carried out by the NBMIM for the purpose of exercising the duties of the service in the field of management and regularization of damages according to the competences.
Article 3
The processing of personal data is carried out by internal users and contracted persons directly involved in the technological processes of data processing and use.
Article 4
The collection of personal data is carried out for specific, explicit and legitimate purposes, in compliance with the legal security and confidentiality measures according to the legislation in force.