Early termination of OSAGO premium refund

How to make a refund of MTPL insurance when selling a car and other situations

In this article we will look at the grounds and conditions for terminating the MTPL agreement. We will find out when early termination of the contract is impossible and whether it is necessary to provide the reason.

We will also describe the procedure for the car owner in the event of early termination and find out whether it is possible to terminate the car insurance agreement via the Internet, as well as the timing of termination of the insurance policy.

When is it possible to terminate a contract: grounds and conditions

According to the rules of compulsory insurance, it is possible to terminate the contract with the return of the corresponding amount of payments in the following cases:

in case of registration of a car purchase and sale transaction upon change of owner;
the car has received irreversible damage that cannot be repaired;
the car was stolen;
due to the death of the client;
in case of bankruptcy of the insurance company.

The calculation of cash payments of the required amount should be counted on the next day after the termination of the contract comes into force. As a rule, the refund amount is 77% of the paid amount of the remaining insurance period.

When early termination is not possible

It is possible to terminate a contractual relationship with an insurance company at any time, but cash payments upon termination are not always provided for.

In what cases is it not advisable to terminate a contract?

If the grounds for cancellation of the document do not imply the return of funds to the client, then there is no objective reason to terminate the contractual relationship, since it is not possible to return the amount of money spent.

Is it necessary to provide a reason?

The client is obliged to inform the insurance company of the reason for termination of the insurance if he plans to return the amount of payments due, since on this basis the insurance company can return the required amount of money.

The client also needs to document the stated reason, for example, by providing a copy of the car purchase and sale agreement or the policyholder’s death certificate.

The procedure for early termination of the MTPL contract at the initiative of the policyholder

The client must submit a corresponding application to the insurance company; it can be submitted in two copies, on one of which the insurer must put a stamp on acceptance of the application for consideration. It is also necessary to collect the required package of documents.

List of required documents, application

You must provide the following package of documents:

compulsory insurance policy;
statement;
document confirming payment (if available);
a copy of the client’s passport or a copy of the client’s official representative’s passport;
a copy of the purchase and sale agreement (when selling a car);
a document confirming the disposal of the vehicle (in case of disposal);
a copy of the death certificate (if the client dies);
a copy of the inheritance certificate (upon the client’s death). Payments occur only after the actual entry into force of the inheritance, namely six months after the date of death;
client's bank details (in case of non-cash payment method).

The application does not have a strictly prescribed form of completion, but must contain the following information:

Compulsory insurance policy number.
FULL NAME. owner of the insured vehicle.
State registration plate of the car.

Deadlines for contacting the insurance company in case of sale of a car, death of the policyholder and in other cases

If you are selling a car, you must visit the insurance company in advance and write a corresponding application, since the date of registration of the car purchase and sale transaction is not the date of cancellation of the insurance contract in the absence of filing an application with the insurance company. If the client sold the car and contacted the insurer only after that, then the calculation of cash payments begins precisely from the date of the client’s application and termination of the insurance.

In the event of the client's death, insurance is canceled in accordance with the actual date of death. In this case, you can contact the insurance company at any time; the amount of cash payments cannot be changed.

Refunds: to whom and when is money paid?

Refunds are processed as follows:

Payment in cash immediately after the document is terminated.
Within two weeks by bank transfer to the specified client details.
Six months after the date of death of the client (in case of acceptance of the inheritance).

Is it possible to terminate via the Internet? What to do with e-OSAGO?

Motorists have the opportunity to issue an electronic insurance policy (E-OSAGO). An electronic policy, like any other, can only be terminated with a personal visit (or a visit of an authorized representative) to the insurance company.

REFERENCE. The client can also send a registered letter to the insurer with the relevant application.

Terms of termination of the policy

The policy expires the next day after the termination of the insurance.

Controversial issues and frequently asked questions

Let's look at the cases in which disagreements may arise between the car owner and the insurance company.

Cancellation of insurance at any time

Often, clients of insurance companies consider it inappropriate not to be able to cancel insurance at any convenient time. The insuring party gives a negative answer to the client if the reason for termination is not established by law. According to the law, the insurance company is obliged to cancel the contractual relationship in the following cases:

revocation of the policyholder's license;
change of car owner and other cases noted at the legislative level.

There are clients who seek termination of the contract in court, but such cases are extremely rare.

Refund of partial amount of money after cancellation

The insurance company retains 23% of the paid amount for services provided.

The company does not violate the client’s rights, since payment for the policy consists of:

77% - net - policy rate;
23% - actual customer service, contributions to the Russian Union of Insurers.

Withholding 23% of the amount is a necessary condition for the functioning of the insurance company and the services it provides. If the client nevertheless decides to return the full amount of money paid in court, then the decision, as a rule, is made in his favor, since such a percentage withholding is not specified by law. But before going to court, it is worth sending letters to the Russian Union of Insurers and the Federal Insurance Supervision Service. It is likely that already at this stage the client will be refunded the full amount of money.

REFERENCE. If the deadline for returning part of the cash payment is not met, the insurance company is obliged to pay the policyholder a penalty in the amount of one percent for each overdue day, but not more than an amount equal to the cost of the policy.

The insurer requires a copy of the vehicle's passport

Often, the policyholder requires the client to provide a copy of the title with the details of the new owner of the car during a purchase and sale transaction. This is an unlawful action on the part of the insurance company.

The client has the right to personally draw up a contract for the sale of the car and provide it to the insurer - this will already be a legal reason for canceling the insurance. There is no need to confirm the actual sale of the car.

Reduced amount of payments upon cancellation if insurance is used

The insurer does not have the right to reduce the amount of payment when canceling a contract with a client if timely payments of insured events occurred during the period of use of the insurance.

IMPORTANT. Refunds occur according to a standardized scheme.

Conclusion

According to the rules of compulsory motor liability insurance, there is a specific list of reasons that are the basis for the return of funds upon termination of insurance. To do this, you need to write an application and collect a certain package of documents. Refunds occur either on the day of cancellation of the document in cash, or within two weeks via bank transfer. You can terminate compulsory motor liability insurance by visiting the insurance company office in person.

Early termination of compulsory insurance premium return

There are many life situations when the policyholder no longer needs an MTPL policy for his car, and the contract has not yet expired. What to do in this case and is it always possible to contact the company and get back part of the insurance premium paid?

When does a driver have the right to terminate a contract with a company early and return money for unused insurance?

In this matter, the MTPL rules (clauses 33, 33.1) take a clear position. You can return money for the unexpired insurance period under the MTPL policy in three cases.

If the owner of the vehicle has changed (the car was sold, but not under a general power of attorney).
If the machine cannot be restored after an accident or is scrapped for any reason.
In the event of the death of the policyholder or owner.

Deadlines for contacting an insurance company

It is important to know that if the car is sold, the money will be returned not from the moment the purchase and sale agreement is concluded, but from the moment the policyholder writes a termination application. And if the vehicle was sold in May, and the policyholder only found time two months later to contact the insurance company, it will no longer be possible to return the money for these overdue months. Thus, the sooner the car owner comes to the office after selling the car, the greater the amount he will be credited for return.

But as for the death of a vehicle or the death of a citizen (owner/policyholder), the date of early termination of the contract will automatically be considered the date of the incident. In these cases, there is no need to rush to the insurer.

OSAGO calculator calculation and online purchase for 50 companies.

Select vehicle type

What documents are required to terminate the contract?

Original MTPL insurance policy and payment receipt (if preserved). They will need to be returned to the company.
A photocopy of the passport of the policyholder (his representative under a notarized power of attorney or heir).
A photocopy of the purchase and sale agreement or certificate of invoice.
Recycling certificate, if the car was scrapped.
A photocopy of the death certificate (if the event took place). In this case, you will also need to provide a copy of the inheritance certificate, or a notarized certificate of imminent inheritance. And in this case, it is necessary to understand that, according to current legislation, inheritance does not occur immediately, but after 6 months from the date of death. That is, the heir will not be able to receive money from the insurance company earlier. The situation is even more complicated when there are several heirs. Then the payment will be divided proportionally among all heirs.

Some companies may also ask you to provide:

A copy of the title with a note about the new owner (we will talk about this controversial issue below).
A copy of the passbook with bank details (in the event that it is not customary for the insurance company to pay in cash).

It’s best to call the numbers listed in the MTPL policy in advance and find out exactly the list of required documents. Do not forget to make a copy of the surrendered policy, as well as the termination statement, so that in case of delay in money you have documents confirming the intention of the insurance company to pay the money.

Who gets money when MTPL insurance is terminated?

According to the rules of OSAGO (clause 34), part of the unused premium is returned:

the owner of the car;
to the policyholder, if he is also the owner of the vehicle;
the policyholder, if he has a notarized power of attorney from the owner confirming his right to receive money from organizations;
heirs of the deceased policyholder.

If a car owner sells a vehicle under a “general power of attorney”, legally remaining its owner, it is not at all necessary to be indignant at the fact that they do not want to terminate the contract; it is enough to simply enter the new “owner” into the insurance policy, charging him a certain compensation for inclusion in the insurance.

When to expect money and what to do if it doesn’t arrive on time?

In the event that immediate payment in cash from the cash desk is not provided, the company is obliged to transfer them to the policyholder’s bank account within 14 calendar days from the date of writing the application for early termination of the contract. As a rule, the transferred money arrives on the card or book even earlier.

But if after two weeks the money has not been transferred, it means something went wrong. Do not delay asking questions to the insurance company: contact the office, perhaps the employees themselves will find out at what stage the trace of the payment was lost, try to find out in the accounting department of the insurance company the number of the payment order to the bank.

If this does not help or you are faced with complete indifference to your problem, go to the management of the local branch of the company and threaten legal proceedings. When such activity does not lead to anything, most likely they are not going to pay you, and it’s time to go to the RSA, FSSN and the court. This is where previously made copies of the policy and application come in handy. Although, it is fair to say that in large insurance companies the termination process is quite streamlined and does not cause any particular complaints from clients.

Controversial issues and frequently asked questions

When I want, then I’ll terminate it!

Many car owners are outraged that they cannot terminate the MTPL agreement at any time of their own free will. Indeed, there can be many reasons: reluctance to be served by a given insurer, departure for a long time, illness, car breakdown, refusal to drive, etc. Referring to the rules and the law on compulsory motor liability insurance, insurance companies are absolutely not ready to terminate the contract for reasons not provided for by law. But clause 33.1 of the rules reads as follows:

The policyholder has the right to terminate the compulsory insurance contract early in the following cases:

revocation of the insurer's license in the manner established by the legislation of the Russian Federation;
changing the owner of the vehicle;
other cases provided for by the legislation of the Russian Federation.”

Therefore, the most stubborn policyholders, guided by the fact that “their own desire” is the notorious “other cases”, go to trial and manage to prove that they are right. But such precedents happen extremely rarely and do not reflect reality.

On what basis did they retain 23%?

This is another issue on which disputes, due to the imperfections of our legislation, have not stopped since compulsory car insurance was introduced. From the point of view of the insurance company, by withholding 23% upon return, it is acting legally. There is a structure of the MTPL insurance tariff approved by the Government of the Russian Federation, which is as follows:

77% – net rate (this part of the amount paid by the policyholder goes towards payments);
20% – company expenses for conducting business (policy maintenance, forms, equipment, employee salaries, etc.);
3% is transferred to the RSA to form reserves for compensation payments (2% – reserve for current compensation payments + 1% – reserve for guarantees).

Thus, 23% are the costs that the insurance company will incur in any case: the client will remain with the company for the entire insurance period or terminate the contract ahead of schedule. The logic of auto insurers is, in principle, clear. Moreover, the vast majority of MTPL clients do not even think of being indignant about this.

But some savvy and principled motorists very actively object to what they consider to be illegal deductions - they write dissatisfied reviews about the work of insurance companies, make claims and go to court. After all, in the Civil Code of the Russian Federation and the rules of OSAGO there is not a single hint of 23%, but only dry information:

The insurer has the right to a portion of the insurance premium in proportion to the time during which the insurance was in force (Civil Code of the Russian Federation, Art. 958);
The insurer returns to the policyholder part of the insurance premium for the unexpired term of the compulsory insurance contract (MTPL rules, clause 34).

The policyholders' objections are absolutely legitimate. That is why car owners who go to court often return the 23% withheld by the company. There are every chance and many precedents for this. There are situations when the case does not even come to court. It is enough to send registered letters to the RSA and FSSN and a pre-trial claim to the insurance company to get your money back.

Why do you need a copy of the PTS when terminating OSAGO?

Some insurance companies require, when terminating the MTPL insurance contract, to provide a copy of the vehicle title with a note about the new owner. Let us immediately make a reservation that this requirement is not legal. For the insurer, a certificate-invoice or a purchase and sale agreement should be sufficient. And insurance companies know this, but they deliberately mislead clients. For what? A smart policyholder who wants to break off relations with the insurance company for a reason that does not fall under the rules (they are listed above) can do the following: draw up a handwritten purchase and sale agreement, on the basis of which the insurance company will be obliged to terminate the contract and return the money for the insurance. Whether the car is actually sold or not is a personal matter for each car owner. So the company wants to hedge its bets and demands PTS in order to stop attempts at “illegal” termination.

Will money be returned for the unused period if there were payments?

If the insurance company tries to underestimate or not return money at all upon termination of the contract, citing the fact that there were payments under it, this is unlawful. When terminating a compulsory motor liability insurance policy, unprofitability is not taken into account; part of the premium for the unused period must be returned according to the usual scheme - proportionally (minus 23%, if the policyholder has no claims on this topic).

Let's sum it up

Termination of an MTPL agreement does not always go smoothly. Not all aspects are clearly defined in Russian civil and insurance legislation, and not everything is interpreted unambiguously. If the offended policyholder has a desire to prove that he is right and the legislation allows this, get your way. There are more and more cases where the judicial system takes the side of policyholders in the above-mentioned controversial issues. Another thing is that the vast majority of car owners do not try to delve into the issues of termination and are not interested in calculating the return. And if there is little time left before the expiration of the compulsory motor liability insurance policy, some are simply too lazy to go to the office “because of the pennies.”

Grounds for refunding money for compulsory motor third party insurance (MTPL) insurance and the time frame within which the funds can be returned

The validity period of a standard compulsory vehicle insurance contract is 1 year. Of course, if this is temporary insurance, the validity period is reduced, but cannot be less than 3 months.

Sometimes the situation develops in such a way that the policyholder has to terminate the insurance contract before the policy expires. To close an insurance transaction, an appropriate procedure is provided for. In this case, such a concept as the return of compulsory motor liability insurance arises.

Dear readers! Our articles talk about typical ways to resolve legal issues, but each case is unique.

If you want to find out how to solve your particular problem, please use the online consultant form on the right or call +7 (499) 703-38-65. It's fast and free! . It's fast and free!

What is it about?

The legislation does not limit the right of the vehicle owner to terminate the MTPL agreement before the expiration of the coverage period . The policyholder has the right to do this even without explaining the reasons. Unfortunately, not every driver knows that under certain circumstances, in the event of termination of the policy, he may qualify for the return of part of the insurance funds that remained unused.

The procedure for canceling the agreement is carried out in accordance with Bank of Russia Regulation No. 431-P dated September 19, 2014. The right to terminate the current policy belongs to the policyholder who owns the vehicle, the policyholder who has a power of attorney to accept the owner's return amount, and the owner of the car. The owner's heirs also have the right to receive a refund under compulsory motor liability insurance.

Is it possible to return insurance and get money back?

It is possible to return funds for the unused insurance period. To do this, you need to go to the office of the insurance organization, having with you the appropriate package of documents. They must contain confirmation that the reasons for termination were sufficiently significant. The list of documents provided will differ depending on the reason for canceling the insurance contract.

If the reason was the death of the owner of the vehicle, the list of documents will include:

original policy;
a receipt confirming payment;
death certificate of the insurance holder;
confirmation that the right of inheritance has come into force.

passport;
insurance;
contract of sale;
payment recipient's current account number.

In other cases, the list of documents will be different. If the reason for canceling the insurance is justified, you can expect a refund . If the contract is terminated without any explanation, you should not hope for the return of part of the insurance premium.

To return the policy and money, the client writes a return application. It states:

Name of the insurance organization.
Full name of the policyholder.
Details of the MTPL agreement.
Reason for early termination.
A method of accepting part of an insurance premium from an insurer.
List of documents.

The date of acceptance of the application is the date of termination of the contract . After the policy termination procedure has been completed, the insurer is obliged to issue the client a certificate containing complete information about insured events, payments, the vehicle and its owner.

Then a refund is made for the remaining non-insurance period.

Cases and reasons

Valid reasons for returning part of the invested funds are:

Change of vehicle owner. The money is returned if there is a purchase and sale agreement. If the owner changes by proxy, the opportunity to receive a refund is lost.
Total loss or theft of a vehicle. Such grounds are classified as causes that cannot be eliminated. When the vehicle is disposed of, the funds are returned.
Death of the owner or policyholder. In such situations, a change of owner is expected, which means the contract will lose force.
Liquidation of a legal entity. If the vehicle was owned by a company that has ceased to exist, the main participant in the transaction disappears. The contract becomes invalid.
Insurer bankruptcy. In such situations, it is necessary to have time to formalize the termination and receive a refund before the bankruptcy procedure begins, otherwise there simply will not be enough funds for compensation.

As mentioned above, a refund is not possible if the contract is terminated at the initiative of the insurer in the event of false information provided by the client . Money is also not refundable if the policyholder terminates the policy due to long-term departure during which the vehicle will not be used. Of course, you can ask for a refund, but almost no one receives a positive response.

How much will they return?

They return part of the premium, which is intended for insurance compensation.
They return an amount proportional to the unused period of MTPL coverage.

77% of the total cost of insurance is intended for organizing compensation payments. The remainder, namely 23%, goes to other purposes and is not refundable.

To calculate the amount proportional to the remaining time under the policy, it is determined with the date of termination of the contract. It could be:

date of death of the person presenting the contract;
date of theft or destruction of the vehicle;
if there is a change of owner - the date of submission of the application to the insurer;
if the company is deprived of its license - the date the insurance organization received the application.

When returning funds for compulsory motor liability insurance when selling a vehicle, the amount of the return depends on how quickly after the purchase and sale transaction the previous owner contacted the insurer . The best option is to carry out the termination procedure on the day of sale of the vehicle.

Then they calculate how many days are left until the expiration of the policy. If, when concluding a standard annual contract, the policyholder did not use 100 days, he will receive 100/365 = 27.3% of the invested funds. But since it is necessary to deduct another 23% for additional expenses, the calculation results in 0.273 * 0.77 = 0.21, which means 21% of the insurance price.

If the contract was concluded not for a whole year, but for a certain period, then this is taken into account in the calculation. In the case when the policy was purchased for 4 months and the same 100 days were not used, the refund amount is calculated as follows: 100/(31+31+30+31) = 81.3%. But after deducting 23%, the balance will be 62.6% of the full contract price.

The policyholder can also calculate the amount due using the formula:

B – return amount;
PS – insurance price;
n – the number of months remaining until the end of the policy period.

According to the MTPL Rules, the client must return the funds invested in the purchase of insurance:

on the date of termination of the policy, if settlement is made in cash;
before the expiration of two weeks from the date of submission of the application, if non-cash payment is intended.

Companies themselves choose how it is convenient for them to issue the required balance of funds. If the return is delayed, the client must write a letter of claim to the insurance company. If the insurer does not respond, the client has the right to use the services of the court.

Persons selling their cars should remember that the amount to be returned is calculated from the day the application is written, and not the date of conclusion of the purchase and sale agreement. Therefore, such policyholders should not delay contacting the insurer, otherwise they risk losing part of the money they are entitled to.

Company insurance agents often face some difficulties when canceling insurance. These difficulties relate to delays in the transfer of funds. Such situations arise not only through the fault of insurers; sometimes policyholders themselves make mistakes in writing their current account number and it turns out that the money goes to a completely different person.

Delays in collecting documents also affect receipt of payment. And drawing up an application requires increased care; any mistake can significantly increase the time it takes to receive the refund amount. When submitting an application, the client should make a copy of it for himself, in case of unforeseen circumstances.

If the insurer assures that the money was transferred, but it never arrived in the account, you need to find out the payment order number and go to the bank. Using the bank number it is easy to check whether the transfer has been received into the account. It happens that money gets stuck in the bank, and it is not the fault of the insurance company.

Returning OSAGO is a simple procedure that allows motorists to receive money from the total amount spent on the purchase of the policy. This can become a problem when the insurance company does not consider the reason for termination to be valid.

Didn't find the answer to your question? Find out how to solve exactly your problem - call right now:

General questions (conclusion, amendment, termination of the MTPL agreement)

Article 17 of the Law on Compulsory Motor Liability Insurance establishes compensation for disabled people who paid an insurance premium under a compulsory motor liability insurance agreement in the amount of 50% of the insurance premium. Compensation is carried out by government authorities after payment of the insurance premium. In addition, state authorities of the constituent entities of the Russian Federation and local governments have the right to establish other categories of citizens who receive partial or full compensation for the paid insurance premium.

Also, citizens have the right to enter into an MTPL agreement taking into account the limited use of the vehicle (for example, for the purpose of using the vehicle only in the summer), which entails a significant reduction in the amount of the insurance premium.

In accordance with Article 445 of the Civil Code of the Russian Federation, an insurance company has the right to consider an application for concluding an MTPL agreement within 30 days from the date of its receipt.

In this case, the policyholder has the right to conclude a compulsory motor liability insurance agreement in electronic form. The process of drawing up this agreement is structured in such a way that the MTPL policy is sent to the policyholder immediately after payment.

In accordance with clause 1.7. MTPL Rules When concluding a MTPL contract, the insurer has the right to inspect the vehicle. The place for inspection of the vehicle is established by agreement of the parties. If no agreement is reached regarding the place of inspection of the vehicle or in the case of concluding an electronic MTPL agreement, the insurer will not conduct an inspection of the vehicle.

To make changes to the MTPL agreement, the policyholder must submit a corresponding application to the office of the insurance company with which the MTPL agreement was concluded.

The insurer, in turn, makes changes to the MTPL insurance policy, as well as to the automated compulsory insurance information system (AIS MTPL) no later than five working days from the date of changes to the insurance policy.

In this case, changes to the insurance policy are recorded by making an appropriate entry in the “Special Notes” section indicating the date and time of making the changes and certifying the changes with the signature of the insurer’s representative and the insurer’s seal or by issuing a reissued (new) MTPL insurance policy within two working days from the date return by the policyholder of a previously issued insurance policy. Also, a re-issuance note is made on the new policy indicating the date and number of the re-issued (old) policy.

According to clause 1.14 of the MTPL Rules, changing the owner of a vehicle is one of the cases when the policyholder has the right to terminate the MTPL agreement early.

Based on clause 1.16 of the MTPL Rules, the insurer returns to the policyholder part of the insurance premium in the amount of its share intended for insurance compensation and falling on the unexpired term of the compulsory insurance contract or the unexpired period of seasonal use of the vehicle (period of use of the vehicle).

The date of early termination of the MTPL agreement is the date the insurer receives a written application from the policyholder for early termination of such an agreement and documentary evidence of the fact that served as the basis for the early termination of the agreement.

In accordance with Art. 8 and paragraph 4 of Art. 10 of the Law on OSAGO, the share of the insurance premium directly intended for making insurance and compensation payments cannot be less than 80% of the insurance premium. In case of early termination of the MTPL agreement in cases provided for by the MTPL Rules, the insurer returns to the policyholder part of the insurance premium in the amount of the share of the insurance premium intended for making insurance payments and falling on the unexpired term of the MTPL agreement.

Moreover, in accordance with the Directive of the Bank of Russia on tariffs for compulsory motor liability insurance:

1) 77% of the insurance premium goes to the formation by the insurer of insurance reserves intended directly for making current insurance payments;

2) 3% of the insurance premium goes to the formation of RSA funds for making compensation payments;

3) 20% of the insurance premium under a compulsory insurance contract goes to cover the costs of the insurance organization associated with the conclusion and maintenance of MTPL contracts.

Thus, 23% of the insurance premium is not included in the calculation for the return of the insurance premium upon early termination of the MTPL agreement.

Revocation (suspension) of an insurance company’s license is not grounds for “automatic” termination of the MTPL agreement.

In this case, you need to contact the insurer with whom you have a compulsory motor liability insurance agreement. It must be borne in mind that in accordance with paragraph 4 of Article 32.8. The Law of the Russian Federation “On the organization of insurance business in the Russian Federation” from the date of entry into force of the decision to revoke the license, the insurance company has no right to enter into MTPL contracts, as well as make changes that entail an increase in the obligations of such an insurance company in the relevant contracts. An increase in liabilities refers to any changes that entail an additional payment of the insurance premium, as well as the addition of new drivers.

To terminate the MTPL agreement, you must contact the insurer with whom you have entered into an agreement. In accordance with clause 1.16 of the MTPL Rules, in this case, the insurer returns to the policyholder part of the insurance premium in the amount of its share intended for insurance compensation and falling on the unexpired term of the compulsory insurance contract or the unexpired term of the seasonal use of the vehicle (the period of use of the vehicle).

The date of early termination of the MTPL agreement is the date the insurer receives a written application from the policyholder for early termination of such an agreement and documentary evidence of the fact that served as the basis for the early termination of the agreement.