Armeec Insurance Joint Stock Company AD

Territorial scope

Coverage applies in Bulgaria, all EU member states, and the territory of the other Green Card system member states: Norway, Iceland, Liechtenstein, the Swiss Confederation, Serbia, Albania, Bosnia and Herzegovina, Macedonia and Montenegro, Turkey, Russia, Moldova, Ukraine, Belarus, Morocco, Tunisia, Israel and Iran.

Section: Къде съм покрит от застраховката?

Република България; Всички държави-членки на ЕС; Територията на останалите държави-членки на системата „Зелена карта“.

Green card rules

The Green Card certificate is issued together with each MTPL policy at no additional charge or other payment, per the Insurance Code, and is delivered by courier within three days of issuance at the insurer's expense. It serves as international proof of valid insurance coverage in Green Card member states.

Section: Information provided pursuant to Art. 8 and 9 of the Distance Marketing of Financial Services > Item 44.8

together with a "Green Card" certificate under Art. 488 of the IC within three days of issuing the policy.

Driver restrictions

Online purchase through the Armeec website is available only to natural persons acting outside commercial or professional activity, who are registered website users, whose vehicle is registered in Bulgaria, not immobilized, and owned by a natural person. Legal entities and vehicles not meeting these conditions must purchase through an insurer office or insurance intermediary.

Section: Offered services through the website > Item 40

the client is a natural person who, as a party to the contract... acts outside the scope of his commercial or professional activity.

Claim notification deadline

The insured must notify the insurer within seven working days of becoming aware of an insurance event. At the scene, the insured must immediately notify the competent road traffic authorities where required by law, must not leave the scene until their arrival except where emergency medical treatment is needed, must not consume alcohol or narcotics until their arrival, and must provide the injured party with the data needed to file a claim against the insurer.

Section: Какви са задълженията ми?

в срок от седем работни дни от узнаването уведомете Застрахователя за настъпване на застрахователно събитие.

Bonus-malus rules

Bulgaria's bonus-malus system for MTPL, introduced by July 2025 amendments to the Insurance Code, reached a key regulatory milestone when the implementing amendments to Ordinance No. 49 and Ordinance No. 54 were promulgated and entered into force on 25.08.2026; insurers must now adapt their IT systems, and real-world application of bonus-malus adjustments in policies is expected to follow around the start of 2027.

ефективно "Бонус-малус" би могло да се очаква да има в полиците около началото на 2027 г.

Green Card Certificate

International motor insurance certificate issued with every MTPL policy, delivered by courier together with the policy within three days of issuance, at the insurer's expense.

Claim Settlement Costs

Coverage for reasonable costs incurred in presenting claims, including court costs awarded against the insured and default interest where the insured is liable for its payment.

Loss of Profits (Consequential Loss)

Covers loss of profits that are a direct and immediate result of the injury to the third party.

Mandatory Minimum Liability Limits

Under Art. 492 of the Insurance Code, as amended and in force since 01.08.2025, the minimum insured sum for MTPL is set in EUR-denominated amounts, uniform for all insurers in Bulgaria.

Standard Policy Period

Insurance contracts are usually concluded for a period of one calendar year from the initial date of validity, with the exception of insurance contracts related to travel, luggage and/or other short-term insurance contracts.

Territorial Coverage Scope

Coverage applies in Bulgaria, all EU member states, and the territory of the other Green Card system member states.

Consequence of Missed Installment Payment

If an installment of the insurance premium is not paid by its due date as stated in the policy, the insurer exercises its right to terminate the contract at 00:00 on the 16th day from the due date.

Mid-Term Cancellation by Policyholder

The policyholder may terminate the contract early with written notice to Armeec. The insurer keeps the premium for the elapsed part of the contract and refunds only the part for the unexpired period, minus administrative costs for issuing the policy. If a claim has been paid or is pending under the policy, the insurer retains the entire premium paid, including for the unexpired part.