The absence of OSAGO in Kyrgyzstan will not be subject to a fine.

A verdict has been reached in Kyrgyzstan regarding the introduction of OSAGO insurance policies in the republic, which are already in effect in all EAEU countries. On February 7, 2015, the law on mandatory insurance for vehicles and motorcycles will come into force. The cost of the policy is about 3,000 soms, with a maximum insurance payout of 550,000.

The introduction of this new law has provoked a wave of outrage: car owners have been trying to reach the president, parliament, and government, arguing that the system is not ready to accommodate hundreds of thousands of car owners, bikers, enduro riders, and scooterists of all kinds: in two and a half months, considering breaks for lunch, weekends, celebrations, and holidays, not everyone will be able to undergo inspection and avoid fines. Experts have demonstrated multiple gaps in the law. Finally, it became clear that in order to avoid angering Kyrgyz citizens and provoking a new revolution, the authorities made concessions. Now, in Kyrgyzstan, the imposition of fines for the absence of mandatory civil liability insurance (OSAGO) has been postponed until 2018.

- The law has been passed; we cannot refuse it because the government is the executive body. However, considering the negative attitude, today the Prime Minister convened a meeting. If insurance is mandatory, there should be norms for enforcement. The government has adopted a softer variant so that people do not have to stand in line. It has been decided to introduce liability (fines for the absence of a policy) starting January 1, 2018. So, in fact, the insurance procedures are voluntary, - said Oleg Pankratov, Deputy Prime Minister of the Kyrgyz Republic, at a briefing for journalists.

However, despite the mandatory insurance and assurances from officials that OSAGO is a common EAEU policy, it turned out that for the next few years it will only be valid in the territory of the Kyrgyz Republic. When traveling to other EAEU countries, the car will need to be insured again.

- We must harmonize our legislation with the laws of the Eurasian Economic Union. We are currently adopting the relevant documents. As soon as this process is completed, our policies will be recognized in other EAEU countries, - promised Sanjar Mukambetov, Chairman of the State Service for Supervision and Regulation of the Financial Market.