The maximum amount of damages awardable under the amicable accident settlement procedure has been capped at 10,000 lei, as deiced by the National Financial Market Commission.

Additionally, the NFMC established the form and content of the amicable settlement application, as well as the rules related to the procedures for using the form.

The procedure can be applied for all road accidents that resulted in insignificant material damages, which involved only two vehicles and that occurred in Moldova.

The form contains two self-copy pages with offset printed background. Both pages have equal legal value. Both drivers involved in the accident will fill in the forms and sign them. Subsequently, the documents will be presented to the insurer, without the involvement of the Police. Thus, drivers will be exempted from the contravention sanctions.

The amicable accident settlement procedure will become available for domestic auto liability insurance holders starting September, six months since the publication of the new provisions in the Official Gazette. For  "Green Card" insurance certificate holders, the procedure will be applied after the expiration of 24 months, i.e. starting next year.