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Compulsory types of insurance

Mandatory high dangerous enterprise’s liability insurance

Insurance entered into force in accordance with the law "On mandatory insurance of civil liability of organizations operating hazardous production facilities" from 15.08.08, the number 202 on which organizations operating hazardous production facilities must insure civil liability for damage to life, health or property of third parties and environment as a result of an accident at a hazardous facility.

The object of insurance is the property interest of the organization operating hazardous production facilities associated with the obligation established by the civil legislation of the Kyrgyz Republic, to repair the damage caused to life, health and ( or) property of third parties , as well as to the environment as a result of an accident at a hazardous facility .

Insured event recognizes damage to life, health or property of third parties or the environment as a result of an accident or disaster occurred on the operated and Insured specified in the insurance contract of hazardous production facilities.

The insurance company is liable if the insured event associated with industrial activity Insured entailed:

a) the death , disability , injury victim (physical damage);

b) the destruction or damage to property belonging to third parties (property damage) ;

c) reasonable expenses for the clarification and the degree of culpability of the Insured , if the case is recognized as insurance ;

g ) costs associated with the court proceedings on the alleged insurance cases ;

d ) the necessary and reasonable expenses to save life and property of persons who as a result of the insured event harmed or to reduce the damage caused by the insured event .

Insurance amount depends on the type of hazardous production facility and can’t be less than the established minimum insurance amount.

The insurance rate is set at 0.144%. Additionally applicable multiplying factor is 1.5%.

Mandatory passengers carrier’s liability insurance

Entered into force in accordance with the law "On mandatory civil insurance of the carrier's liability to passengers" on August 4, 2008 N 189, on which carriers must insure civil liability to passengers:

The object of insurance is the property interest of the Insured (Carrier) associated with the obligation of compensation for harm caused to life , health and / or damage to property of passengers , i.e. passengers' luggage at their means each carriage road, air , rail and water transport.

Insurance events are:

 - Damage caused to life and health of passengers in the vehicle;

 - Damage caused to the property (baggage) in transportation.

Insurance is made on a trip per automobile.

The sum insured (liability limit):

- The limit of liability for risk of harm to life and health of passengers is 300 000,00 som ;

- The limit of liability for damage to property risk (baggage) is 10 000,00 som.

Rates:

- Road transport - 0.045 %

- For rail transport - 5 %

- Water transport - 1%

- For air transport -0.007 %

Fares are subject to additional factors, depending on the type of vehicle and type of transport (urban, intercity, and international)

Mandatory hazardous cargo carrier’s liability insurance

Entered into force in accordance with the law "On mandatory insurance of civil liability of the carrier of dangerous goods " from August 4, 2008 N 188, on which carriers must cover possible damages to third parties caused by the explosion, leakage, or destruction of goods transported:

The object of insurance is the property interests of the Insured related to its obligation established by the civil legislation of the Kyrgyz Republic, to pay damages to life, health, property of third parties and the environment during the transportation of dangerous goods.

The insured event is the event, the occurrence of which the Insured, acting as a cargo carrier, has a duty to repair the damage caused to life, health or property of third parties and the environment in connection with the vehicle when transporting dangerous goods and for reasons arising from sudden, unforeseen and unintentional nature, a fact confirmed by the Insured presenting valid claims or claims for damages by third parties, is designed in accordance with current legislation.

Minimum sum insured is the amount established by the legislation on the basis of which shall be established by the premiums and insurance payments.

Total payments for all insured events that occurred in the period of insurance shall not exceed the amount of insurance coverage.

Insurance rate for a particular cargo is set depending on the classification of dangerous goods, the volume of transported cargo, mode of transport, which carries it, and other factors affecting the size of the potential loss and the probability of its occurrence.

Mandatory employer’s liability insurance

Entered into force in accordance with the law "On mandatory insurance of civil liability for damage to life and health of employees in the performance of labor (official) duties" on August 5, 2008 N 194, on which employers must insure possible damage to life and health of employees in the performance of labor (official) duties:

The object of insurance is the property interest of insurers related to their obligation to compensate the damage caused to life and health of employees in the performance of labor (official) duties.

Insured event recognizes damage to life and (or) health workers Insured due to an accident at work.

The sum insured is set at not less than the annual payroll.

Insurance rates are differentiated by the type of economic activity, depending on the class of professional risk and category of personnel: the production, management and administrative supporting staff.

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Compulsory types of insurance

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  • Compulsory types of insurance

Mandatory high dangerous enterprise’s liability insurance

Insurance entered into force in accordance with the law "On mandatory insurance of civil liability of organizations operating hazardous production facilities" from 15.08.08, the number 202 on which organizations operating hazardous production facilities must insure civil liability for damage to life, health or property of third parties and environment as a result of an accident at a hazardous facility.

The object of insurance is the property interest of the organization operating hazardous production facilities associated with the obligation established by the civil legislation of the Kyrgyz Republic, to repair the damage caused to life, health and ( or) property of third parties , as well as to the environment as a result of an accident at a hazardous facility .

Insured event recognizes damage to life, health or property of third parties or the environment as a result of an accident or disaster occurred on the operated and Insured specified in the insurance contract of hazardous production facilities.

The insurance company is liable if the insured event associated with industrial activity Insured entailed:

a) the death , disability , injury victim (physical damage);

b) the destruction or damage to property belonging to third parties (property damage) ;

c) reasonable expenses for the clarification and the degree of culpability of the Insured , if the case is recognized as insurance ;

g ) costs associated with the court proceedings on the alleged insurance cases ;

d ) the necessary and reasonable expenses to save life and property of persons who as a result of the insured event harmed or to reduce the damage caused by the insured event .

Insurance amount depends on the type of hazardous production facility and can’t be less than the established minimum insurance amount.

The insurance rate is set at 0.144%. Additionally applicable multiplying factor is 1.5%.

Mandatory passengers carrier’s liability insurance

Entered into force in accordance with the law "On mandatory civil insurance of the carrier's liability to passengers" on August 4, 2008 N 189, on which carriers must insure civil liability to passengers:

The object of insurance is the property interest of the Insured (Carrier) associated with the obligation of compensation for harm caused to life , health and / or damage to property of passengers , i.e. passengers' luggage at their means each carriage road, air , rail and water transport.

Insurance events are:

 - Damage caused to life and health of passengers in the vehicle;

 - Damage caused to the property (baggage) in transportation.

Insurance is made on a trip per automobile.

The sum insured (liability limit):

- The limit of liability for risk of harm to life and health of passengers is 300 000,00 som ;

- The limit of liability for damage to property risk (baggage) is 10 000,00 som.

Rates:

- Road transport - 0.045 %

- For rail transport - 5 %

- Water transport - 1%

- For air transport -0.007 %

Fares are subject to additional factors, depending on the type of vehicle and type of transport (urban, intercity, and international)

Mandatory hazardous cargo carrier’s liability insurance

Entered into force in accordance with the law "On mandatory insurance of civil liability of the carrier of dangerous goods " from August 4, 2008 N 188, on which carriers must cover possible damages to third parties caused by the explosion, leakage, or destruction of goods transported:

The object of insurance is the property interests of the Insured related to its obligation established by the civil legislation of the Kyrgyz Republic, to pay damages to life, health, property of third parties and the environment during the transportation of dangerous goods.

The insured event is the event, the occurrence of which the Insured, acting as a cargo carrier, has a duty to repair the damage caused to life, health or property of third parties and the environment in connection with the vehicle when transporting dangerous goods and for reasons arising from sudden, unforeseen and unintentional nature, a fact confirmed by the Insured presenting valid claims or claims for damages by third parties, is designed in accordance with current legislation.

Minimum sum insured is the amount established by the legislation on the basis of which shall be established by the premiums and insurance payments.

Total payments for all insured events that occurred in the period of insurance shall not exceed the amount of insurance coverage.

Insurance rate for a particular cargo is set depending on the classification of dangerous goods, the volume of transported cargo, mode of transport, which carries it, and other factors affecting the size of the potential loss and the probability of its occurrence.

Mandatory employer’s liability insurance

Entered into force in accordance with the law "On mandatory insurance of civil liability for damage to life and health of employees in the performance of labor (official) duties" on August 5, 2008 N 194, on which employers must insure possible damage to life and health of employees in the performance of labor (official) duties:

The object of insurance is the property interest of insurers related to their obligation to compensate the damage caused to life and health of employees in the performance of labor (official) duties.

Insured event recognizes damage to life and (or) health workers Insured due to an accident at work.

The sum insured is set at not less than the annual payroll.

Insurance rates are differentiated by the type of economic activity, depending on the class of professional risk and category of personnel: the production, management and administrative supporting staff.

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