The MTPL (Compulsory Motor Third Party Liability Insurance) compensates for damage caused to the life, health, and property of third parties who suffered in a traffic accident. The agreement is valid within the territory of Ukraine.
The law establishes liability limits (the amount reimbursed by the insurance company):
320,000 UAH — for damage caused to the life and health of the victim, without limiting the number of victims.
160,000 UAH — for damage caused to property per victim.