of August 15, 2008 No. 202
About obligatory civil liability insurance of the organizations operating hazardous production facilities
Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 20, 2008
This Law establishes legal, economic and organizational basis of regulation of the relations in the field of obligatory civil liability insurance of the organizations operating hazardous production facilities for damnification of life, to health or property of the third parties and the surrounding environment as a result of accident on hazardous production facility.
In this Law the following basic concepts are used:
the insurer - the citizen or the legal entity who signed the contract of compulsory insurance with insurance company (insurer);
the insurer - the legal entity (insurance organization), the license for the implementation of insurance of the corresponding type which is the commercial organization and having;
insurance premium - the payment caused by the agreement which the insurer shall pay to the insurer according to the procedure and the terms established by the agreement of compulsory insurance;
insurance rates - the rates developed by the insurer and applied by him in case of determination of the size of the insurance premium which is subject to payment under the agreement of compulsory insurance;
insurance sum - the amount within which the insurer shall pay insurance indemnity under the agreement of property insurance or which it shall pay under the agreement of personal insurance;
insurance indemnity - the amount paid by the insurer under the agreement of compulsory insurance in damage covering in case of loss occurrence;
insured event - the accomplished fact provided by the agreement of compulsory insurance or the law with which approach there is obligation of the insurer to make payment of insurance indemnity to the insurer, insured person or beneficiary;
insurance risk - expected event on which case of approach insurance is led;
insurance premiums - the insurance premium which is periodically brought to the insurer by the insurer in accordance with the terms of the agreement of compulsory insurance;
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