Article 4. Purpose and basic principles of compulsory environmental insurance of the Law on Compulsory Environmental Insurance

Home / RLA / Article 4. Purpose and basic principles of compulsory environmental insurance of the Law on Compulsory Environmental Insurance

1. The purpose of compulsory environmental insurance is to ensure the elimination of environmental damage caused to the components of the natural environment as a result of an accident during the implementation of environmentally hazardous types of economic and other activities.

2. The basic principles of compulsory environmental insurance are:

compensation for environmental damage in the amount and in the manner prescribed by this Law;

ensuring that the parties fulfill their obligations under the compulsory environmental insurance contract;

economic incentives to prevent environmental damage.

The Law of the Republic of Kazakhstan dated December 13, 2005 No. 93-III.

This Law regulates public relations arising in the field of compulsory environmental insurance and establishes the legal, economic and organizational basis for its implementation.

President

Republic of Kazakhstan

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