On October 18 the compulsory car insurance process got under way in Armenia.
Eight licensed companies are selling car insurance policies. All the car owners are obliged to sign relevant insurance contacts by December 31.
If car owners fail to sign car insurance contacts by January 1, 2011, they will be fined U.S. $140. Insurance companies have no right to deny insurance contacts to car owners or persuade them into signing other contracts.
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