LAW OF THE KYRGYZ REPUBLIC

of July 24, 2015 No. 192

About compulsory insurance of civil responsibility of owners of vehicles

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 24, 2015

This Law establishes legal, economic and organizational basis of regulation of the relations in the field of compulsory insurance of civil responsibility of owners of vehicles for damnification of life, to health or property of the victims who resulted from the road accident in case of operation of the vehicle.

Chapter 1. General provisions

Article 1. The concepts applied in this Law

In this Law the following concepts are applied:

1) the automated information center - the organization performing functions of forming, replenishment, change and exchange of the database on compulsory insurance between subjects of insurance;

2) the vehicle - the automobile and cargo vehicles, buses, minibuses and other cars constructed on their base, tractor trucks (tractors), self-propelled machines, the mechanized motor transport, all trail cars and semitrailer trucks towed by cars, the public electric transport and other types of vehicles (motorcycles, ATVs, etc.) registered according to the legislation of the Kyrgyz Republic and also the vehicles registered in other states;

3) the database - set of information on insurance risk, the insurer and insurer;

4) the owner of the vehicle - the physical person or legal entity owning the vehicle on the property right and also person to whom the vehicle is transferred to temporary ownership and use (the right of lease, leasing, the power of attorney with the right of alienation of the vehicle, the order of relevant organ about transfer to this person of the vehicle);

5) the driver - the person managing the vehicle and allowed to management of the owner of the vehicle;

6) the beneficiary - person who is the victim and (or) the victim's heir - physical person, in case of his death, or the legal successor, in case of reorganization of the legal entity, the having right to insurance indemnity;

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