INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 19, 2014 No. 3385-U

About requirements to the agreement on direct indemnification and procedure of payments between his participants

Based on 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, of the Art. 4224) (further - the Federal Law) this Instruction establishes requirements to the agreement on direct indemnification (further - the Agreement) and to procedure of payments between his participants (members of professional association of insurers and professional association of insurers).

1. Terms of agreement are determined by professional association of insurers for the purpose of repeated application in standard form of the agreement which is subject to approval of the Bank of Russia after its statement of insurers by professional association.

2. The agreement shall contain:

procedure for indemnification by the insurer who insured the civil responsibility of person which did harm (further - the insurer of the causer of harm), to the insurer who performed direct indemnification (further - the insurer of the victim);

procedure for determination of the average amounts of insurance payments;

to compensate obligation of the insurer of the causer of harm to the insurer of the victim the harm to the victim compensated by it on behalf of the insurer of the causer of harm on account of insurance payment for the agreement of compulsory insurance;

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