Article 4. Purpose and basic principles of compulsory liability insurance for owners of facilities of the Law On Compulsory Insurance of Civil Liability of Owners of Facilities whose Activities are Associated with the Risk of Harm to Third Parties

Home / RLA / Article 4. Purpose and basic principles of compulsory liability insurance for owners of facilities of the Law On Compulsory Insurance of Civil Liability of Owners of Facilities whose Activities are Associated with the Risk of Harm to Third Parties

Article 4. Purpose and basic principles of compulsory liability insurance for owners of facilities of the Law On Compulsory Insurance of Civil Liability of Owners of Facilities whose Activities are Associated with the Risk of Harm to Third Parties

1. The purpose of compulsory liability insurance for facility owners is to ensure the protection of the property interests of third parties whose lives, health and (or) property have been harmed by a dangerous industrial factor through insurance payments.

2. The basic principles of compulsory liability insurance for facility owners are:

ensuring the protection of the property interests of third parties to the extent and in accordance with the procedure established by this Law;

ensuring that the parties fulfill their obligations under the compulsory liability insurance agreement for the owners of the facilities.

The Law of the Republic of Kazakhstan dated July 7, 2004 No. 580.

This Law regulates public relations arising in the field of compulsory insurance of civil liability of owners of facilities whose activities are associated with the risk of harm to third parties, and establishes the legal, economic and organizational basis for its implementation.

President

Republic of Kazakhstan

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