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Estonia · Law · SE

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The Act on Amendments to the Traffic Insurance Act and Amendments to Other Acts Related to It

avaldatud riigiteatajasEstonia· Riigikogu· ET

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1 April 2024

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AVALDATUD_RIIGITEATAJAS

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12 June 2024

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Summary

With the changes, the amendments of the European Union Road Insurance Directive, the deadline for adoption of which was 23.12.2023, will be adopted into Estonian law. On January 24 this year, the European Commission initiated infringement proceedings against Estonia for untimely transposition of the directive. The directive does not bring major changes, as the traffic insurance system has worked well both in Estonia and in Europe in general. The basic essence of insurance remains the same: first, it protects the victim, who was involved in an accident and who receives compensation from motor insurance. On the other hand, the culprit himself, for whom the insurer compensates the victim. When the law enters into force, road insurance will also cover parts of light scooters, among others, for example, electric scooters with a speed of over 25 kilometers per hour or over 14 kilometers per hour if the vehicle weighs more than 25 kilos. In order to understand more easily whether the vehicle is subject to mandatory traffic insurance or not, the Eesti Liikluskindlustus Fund plans to make the corresponding help material for the web. If an insurance company goes bankrupt, the directive stipulates that there must be a guarantee fund in each member state, which in such case compensates for the losses. In Estonia, this will be the Estonian Traffic Insurance Fund, which collects funds from insurance companies to cover insolvency. By changing the law, the maximum amount of insurance that can be reimbursed will also be increased limits: in case of material damage from 1.2 million to 1.3 million euros and in case of personal damage from 5.6 million to 6.45 million euros. As technical changes, a uniform EU-wide form for proof of loss history is provided, which may be necessary in cases where a person changes insurance company or country of residence and wants to prove his previous loss history. In Estonia, the corresponding confirmations are issued by the Estonian Traffic Insurance Fund. The bill affects more or less that way insurance companies offering traffic insurance and brokers of insurance contracts; vehicle owners who are required to insure their liability; traffic accident victims and the activities of the Estonian Traffic Insurance Fund. The impact is related, for example, to the fact that certain types of light vehicles must also be insured, in case of more serious accidents, an increase in the insurance sums may have an impact.

Machine translation from Estonian. The official text remains authoritative.

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