What is the policy of "Green Card"?

This is an international policy of liability insurance.
All owners / drivers of vehicles traveling to another country, which is involved in the agreement "Green Card" must have an insurance policy, "Civil Liability of vehicle owners for damage caused by them to third parties abroad."
The presence of active "Green Card" issued by an authorized insurer in the country of registration of the vehicle, eliminating the need of additional liability insurance in the territory of another state. At the head of the organization is the Council of Bureaux (London), which is responsible for the management and ongoing activities of the system. Green Card System created a January 1953. Its main objective was and remains the support for the smooth movement of vehicles across borders of countries participating in the system, upon the occurrence of road accidents committed entered the country by foreign motorists as quickly as possible the settlement of claims of victims and the receipt of damages in accordance with national law and m . etc.