Computers to be installed in police cars to monitor car insurance process

YEREVAN, January 18. / ARKA /. Armenian road police will install computers in all its cars with access to unified information database to monitor the process of mandatory insurance of motor vehicles, Vahe Vardanian, head of a Central Bank department in charge of stability and financial development, said to a press conference on Tuesday.

He said this way the road police will be able to get online information from a single database and specify the required data. The program is almost ready for implementation and will start in 7-10 days, he said.

According to Vardanian, the single database including data on all insured vehicles is still run by the Central Bank but within a year it will be transferred to the Bureau of Motor Insurers.

Vahe Vardanian said also the Central Bank had insured all its 30 cars long before the introduction of mandatory insurance.

Auto insurance covering physical damage caused to other cars and individuals became mandatory in the country on January 1.Most motorists have to pay 25,000 drams ($70) or 32,000 drams each year.

Under the law, drivers caught not possessing such policies are to be fined 50,000 drams.

According to the latest data, about 65% of some 430,000 or so vehicles registered in Armenia have been covered by insurance as of Tuesday, but more than 20,000 car owners have applied for a temporary exemption from the requirement allowed by the law. They will have to deposit their license plates with the road police and will be allowed to drive their cars for up to three months a year. -0-

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16:35 01/19/2011