Article 11. Validity of the carrier's compulsory liability insurance contract The Law on Compulsory Insurance of civil liability of the carrier to Passengers

Home / RLA / Article 11. Validity of the carrier's compulsory liability insurance contract The Law on Compulsory Insurance of civil liability of the carrier to Passengers

1. The carrier's compulsory liability insurance contract is valid for all persons recognized as victims in accordance with this Law.

2. The contract of compulsory liability insurance of the carrier shall enter into force and become binding on the parties from the moment the policyholder pays the insurance premium, and upon its payment in installments - the first insurance premium, unless otherwise provided by the terms of the contract of compulsory liability insurance of the carrier.

3. The contract of compulsory liability insurance of the carrier is concluded for a period of twelve months from the date of its entry into force, with the exception of the case provided for in paragraph 4 of this Article.

The carrier's compulsory liability insurance contract is valid for the entire insurance period and does not terminate upon the first occurrence of an insured event.

4. If the carrier's right to carry passengers and their property expires within a period of less than twelve months, the carrier's compulsory liability insurance contract is concluded only for this period.

4-1. It is allowed to conclude a contract of compulsory insurance of the carrier's liability to passengers for a period of less than twelve months with creditors (policyholders) of the liquidated insurance organization participating in the insurance benefit guarantee system.

5. The validity of the carrier's compulsory liability insurance contract is limited to the territory of the Republic of Kazakhstan, unless otherwise provided by an international agreement concluded by the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated July 1, 2003 No. 444.

This Law regulates relations arising in the field of compulsory insurance of civil liability of the carrier to passengers, and establishes the legal, financial and organizational basis for its implementation.

President

Republic of Kazakhstan

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