Article 12. Early termination of the carrier's compulsory liability insurance contract The Law on Compulsory Insurance of civil liability of the carrier to Passengers

Home / RLA / Article 12. Early termination of the carrier's compulsory liability insurance contract The Law on Compulsory Insurance of civil liability of the carrier to Passengers

1. The contract of compulsory liability insurance of the carrier is terminated prematurely in cases established by the Civil Code of the Republic of Kazakhstan.

2. For early termination of the contract of compulsory liability insurance of the carrier, the policyholder (in case of death of the policyholder, his heir(s)) submits a written application to the insurer.

3. In case of early termination of the carrier's compulsory liability insurance contract and the conclusion of a new compulsory carrier's liability insurance contract with the same insurer, the insurer has the right to withhold part of the insurance premium in the following amounts:

HSP = SP * n/N, where:

HSP – the amount of the insurance premium retained by the insurer (in tenge);

JV – the amount of the insurance premium paid under the carrier's compulsory insurance contract (in tenge);

n is the period that has elapsed from the date of entry into force of the carrier's compulsory insurance contract to the date of its early termination (in days), including the day of application;

N is the deadline for concluding the carrier's compulsory liability insurance contract (in days).

4. In case of non-compliance with the condition provided for in paragraph 3 of this Article, the insurer has the right to withhold part of the insurance premium in case of early termination of the carrier's compulsory liability insurance contract in the following amounts:

№ п\п	Срок, прошедший с момента вступления в силу договора обязательного страхования ответственности перевозчика до момента его досрочного прекращения	Размер страховой премии (в процентах от годовой страховой премии)
1	2	3
1	до 1 месяца включительно	20
2	от 1 до 2 месяцев включительно	30
3	от 2 до 3 месяцев включительно	40
4	от 3 до 4 месяцев включительно	50
5	от 4 до 5 месяцев включительно	60
6	от 5 до 6 месяцев включительно	70
7	от 6 до 7 месяцев включительно	75
8	от 7 до 8 месяцев включительно	80
9	от 8 до 9 месяцев включительно	85
10	от 9 до 10 месяцев включительно	90
11	от 10 до 11 месяцев включительно	95
12	свыше 11 месяцев	100

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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