Article 14. Limits of liability of the insurer Chapter 4. Insurance amount and insurance premium of the Law on Compulsory Tourist Insurance

Home / RLA / Article 14. Limits of liability of the insurer Chapter 4. Insurance amount and insurance premium of the Law on Compulsory Tourist Insurance

1. The maximum amount of liability of the insurer (insured amount) for insurance programs, the types of expenses to be reimbursed for each insured event are set out in the appendix to this Law.

2. The maximum amount of the insurer's liability (the insured amount) is set in United States dollars (hereinafter referred to as the USA). To calculate the amount of the insurance payment, the US dollar is used at the exchange rate set by the National Bank of the Republic of Kazakhstan on the date of the insurance payment.

In cases stipulated by international treaties, the legislation of the country (place) of temporary stay, and the tourist's compulsory insurance contract, the limits of the insurer's liability for compensation for damage caused to the insured's life and health are set in euros.

3. Expenses incurred by the Insured in order to prevent or reduce losses shall be reimbursed by the insurer if such expenses were necessary or were incurred to comply with the instructions of the insurer, even if the appropriate measures were unsuccessful.

Such expenses are reimbursed in actual amounts, while the total amount of insurance payment and compensation for expenses should not exceed the insured amount established by the tourist's compulsory insurance contract. If the expenses have arisen as a result of the fulfillment by the insured of the insurer's instructions, they are reimbursed in full, regardless of the insurance amount owed to him under the tourist's compulsory insurance contract.

These expenses are reimbursed by the insurer directly to the person who incurred them.

The Law of the Republic of Kazakhstan dated December 31, 2003 No. 513.

This Law regulates public relations arising in connection with compulsory tourist insurance and establishes the legal, economic and organizational basis for its implementation.

President

Republic of Kazakhstan

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