Article 4. Purpose and basic principles of compulsory liability insurance for private notaries The Law on Compulsory Insurance of Civil Liability of Private Notaries

Home / RLA / Article 4. Purpose and basic principles of compulsory liability insurance for private notaries The Law on Compulsory Insurance of Civil Liability of Private Notaries

1. The purpose of compulsory liability insurance for private notaries is to ensure the protection of the property interests of third parties who have been harmed as a result of notarial acts performed by a private notary through insurance payments.

2. The basic principles of compulsory liability insurance for private notaries are:

carrying out the activities of a private notary whose liability is insured under a compulsory insurance contract for the liability of a private notary;

ensuring that the parties fulfill their obligations under the contract of compulsory liability insurance for private notaries.

The Law of the Republic of Kazakhstan dated June 11, 2003 No. 435.

This Law regulates public relations arising in connection with compulsory insurance of civil liability of private notaries, and establishes the legal, economic and organizational basis for its implementation.

President

Republic of Kazakhstan

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