ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of December 24, 2012 No. 1396

About approval of Rules of forming, placement and expenditure of reserve of funds for implementation of compulsory social insurance from labor accidents and occupational diseases

The government of the Russian Federation decides:

Approve the enclosed Rules of forming, placement and expenditure of reserve of funds for implementation of compulsory social insurance from labor accidents and occupational diseases.

Approved by the Order of the Government of the Russian Federation of December 24, 2012 No. 1396

Rules of forming, placement and expenditure of reserve of funds for implementation of compulsory social insurance from labor accidents and occupational diseases

1. These rules establish procedure for forming, placement and expenditure of reserve of funds for implementation of compulsory social insurance from labor accidents and occupational diseases (further - insurance reserve).

2. The insurance reserve is created by results of accounting financial year based on the performance report of the budget of Fund of pension and social insurance of the Russian Federation (further - Fund) for previous year. Replenishment of insurance reserve is performed for the account:

a) balance on compulsory social insurance from labor accidents and occupational diseases for the beginning of accounting financial year, except for remaining balance of insurance reserve for the beginning of accounting financial year;

b) excesses in reporting financial year of budget receipts of Fund for compulsory social insurance from labor accidents and occupational diseases (except for the capitalized payments arriving in case of liquidation of legal entities - insurers, and income gained from placement of insurance reserve) over its expenses on the specified type of insurance;

c) the capitalized payments arriving in case of liquidation of legal entities - insurers;

d) income gained from placement of insurance reserve;

e) other receipts which are not prohibited by the legislation of the Russian Federation.

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