INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 14, 2018 No. 5011-U

About procedure for adoption by the Bank of Russia of the decision on restriction of implementation by the insurer of insurance indemnity by the organization and (or) payment of recovery repair of the damaged vehicle

This Instruction based on Item 17.1 of article 12 of the Federal Law of April 25, 2002 No. 40-FZ "About obligatory civil liability insurance of owners of vehicles" (The Russian Federation Code, 2002, No. 18, Art. 1720; 2003, No. 26, Art. 2566; 2005, No. 1, Art. 25; No. 30, Art. 3114; 2006, No. 48, Art. 4942; 2007, No. 1, Art. 29; No. 49, Art. 6067; 2008, No. 30, Art. 3616; No. 52, Art. 6236; 2009, No. 1, Art. 17; No. 9, Art. 1045; No. 52, Art. 6420, Art. 6438; 2010, No. 6, Art. 565; No. 17, Art. 1988; 2011, No. 1, Art. 4; No. 7, Art. 901; No. 27, Art. 3881; No. 29, Art. 4291; No. 49, Art. 7040; 2012, No. 25, Art. 3268; No. 31, Art. 4319, Art. 4320; 2013, No. 19, Art. 2331; No. 30, Art. 4084; 2014, No. 30, Art. 4224; No. 45, Art. 6154; 2015, No. 48, Art. 6715; 2016, No. 22, Art. 3094; No. 26, Art. 3883; No. 27, Art. 4293; 2017, No. 14, Art. 2008; No. 31, Art. 4746; 2018, No. 1, the Art. 32) (further - the Federal Law of April 25, 2002 No. 40-FZ) establishes procedure for adoption by the Bank of Russia of the decision on restriction of implementation by the insurer of insurance indemnity of the harm done to the vehicle of the victim performed by the insurer by the organization and (or) payment of recovery repair of the damaged vehicle in case of identification by the Bank of Russia numerous (two and more times) within one year of violation by the insurer of obligations on recovery repair, including obligations on its organization and (or) payment.

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