Dear Clients,
Closed Joint-Stock Insurance Company "ARSENAL-KYRGYZSTAN"!
1. Termination of the Contract at the Initiative of the Policyholder
If you decide to terminate the OSAGO contract at your own will, the paid insurance premium is not refundable. This is expressly provided for by Part 4 of Article 965 of the Civil Code of the Kyrgyz Republic.
2. Cases of Insurance Premium Refund
A refund of part of the insurance premium in proportion to the time during which the contract was not in force is made exclusively in the following cases provided for by paragraphs 1 and 2 of Article 965 of the Civil Code of the Kyrgyz Republic:
- loss of the insured property for reasons other than the occurrence of an insured event;
- recognition of a citizen as legally incapable or restriction of their legal capacity, if their civil liability risk was insured.
3. Sale of a Vehicle
The most common reason for clients to contact us is the sale of a car. The legislation of the Kyrgyz Republic provides a mechanism that allows preserving insurance protection:
- The new owner has the right to reissue the existing OSAGO policy in their own name.
- Upon reissue, the insurance premium is recalculated taking into account the new owner's driving parameters (age, experience).
- If the new owner's parameters increase the cost of the policy, the difference is paid additionally.
- If the parameters decrease the cost, a refund of the difference is not provided for by law.
Recommendation: when selling a car, hand over the OSAGO policy to the buyer for reissue at the Company's office. This will allow you to preserve insurance protection and avoid losing the paid premium.
4. Procedure for Contacting Us
To terminate or reissue an OSAGO contract, you must contact the Company's office with a written application at the following addresses:
- Bishkek, 26 Orozbekov Street
- Osh, 3 Myrzaly Amatov Street
Sincerely,
Closed Joint-Stock Insurance Company "ARSENAL-KYRGYZSTAN"
Specialists of CJSC “IC ARSENAL-KYRGYZSTAN” are ready to advise you on any questions related to OSAGO.
📞 7007 — the call is free