FEDERAL LAW OF THE RUSSIAN FEDERATION

of May 25, 2020 No. 161-FZ

About introduction of amendments to the Federal law "About Obligatory Civil Liability Insurance of Owners of Vehicles" and suspension of action of separate provisions of the Federal Law "About Obligatory Civil Liability Insurance of Owners of Vehicles"

Accepted by the State Duma on May 13, 2020

Approved by the Federation Council on May 20, 2020

Article 1

Bring in the Federal Law of April 25, 2002 No. 40-FZ "About obligatory civil liability insurance of owners of vehicles" (The Russian Federation Code, 2002, No. 18, Art. 1720; 2006, No. 48, Art. 4942; 2007, No. 49, Art. 6067; 2008, No. 30, Art. 3616; 2009, No. 52, Art. 6438; 2010, No. 6, Art. 565; 2011, No. 27, Art. 3881; No. 29, Art. 4291; No. 49, Art. 7040; 2012, No. 31, Art. 4319, 4320; 2013, No. 30, Art. 4084; 2014, No. 30, Art. 4224; 2015, No. 48, Art. 6715; 2016, No. 26, Art. 3883; 2017, No. 14, Art. 2008; 2018, No. 1, Art. 32; No. 24, Art. 3400; No. 32, Art. 5076; 2019, No. 18, Art. 2212; No. 23, Art. 2905; Russian newspaper, 2020, on April 29) following changes:

1) in Item 2 of Article 8 the word are "determined" to be replaced with the word applied";

Article 9 to state 2) in the following edition:

"Article 9. Base rates and coefficients of insurance rates

1. Insurance rates consist of base rates and coefficients. Insurance premiums under agreements of compulsory insurance are calculated insurers as the work of base rates and coefficients of insurance rates according to the procedure for application by insurers of insurance rates on compulsory insurance in case of determination of insurance premium under the agreement of compulsory insurance established by the Bank of Russia according to article 8 of this Federal Law.

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