ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of July 5, 2010 No. 504

About cases of admissibility of agreements between the insurers working at the same goods market about implementation of joint insurance or reinsurance activity

According to part 2 of article 13 of the Federal law "About Protection of the Competition" Government of the Russian Federation decides:

1. Approve the enclosed general exceptions concerning agreements between the insurers working at the same goods market on implementation of joint insurance or reinsurance activity (further - general exceptions).

2. Determine that:

general exceptions are effective within 10 years from the date of entry into force of this resolution;

the agreements between the insurers working at the same goods market, on implementation of joint insurance or reinsurance activity, signed before entry into force of this resolution if the cumulative share of insurance premium by the form (types) of insurance or insurance risk (insurance risks) under the agreements signed within such agreements by his participants in the corresponding goods market exceeds the share established by the subitem "g" of item 4 of general exceptions are recognized admissible for the term which is not exceeding 1 year from the date of entry into force of this resolution.

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