Thu, 26 Nov 1998: International insurance gets the green light…



Latvian drivers have to buy border insurance at each separate country border. It is very expensive and inconvenient," said Dzintra Isajeva of Latvian Traffic Office. All vehicles, commercial or private, traveling abroad under compulsory insurance must be covered by the Green Card. Nine insurance companies will sell Green Cards. Isajeva expects them to sell 25,000 cards the first year. Prices set by the Cabinet of Ministers for the insurance to cover automobiles range from 23 lats for 15 days' coverage to 265 lats for a term of one year. For trucks over 3.5 tons, the premium is 30 to 346 lats. The customer has the choice of two types of cards, a Latvian card for those who do not travel abroad often and an international card valid in all 42 ... Read the rest of this entry »

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