Article 5. Objects whose activities are associated with the risk of harm to third parties of the Law On Compulsory Insurance of Civil Liability of Owners of objects whose activities are associated with the risk of harm to Third Parties

Home / RLA / Article 5. Objects whose activities are associated with the risk of harm to third parties of the Law On Compulsory Insurance of Civil Liability of Owners of objects whose activities are associated with the risk of harm to Third Parties

Article 5. Objects whose activities are associated with the risk of harm to third parties of the Law On Compulsory Insurance of Civil Liability of Owners of objects whose activities are associated with the risk of harm to Third Parties

1. Objects whose activities are associated with the risk of harm to third parties are objects subject to declaration of industrial safety in accordance with the Law of the Republic of Kazakhstan "On Civil Protection".

Information about the facilities for which industrial safety declarations are registered is posted on the authorized body's Internet resource.

2. If, during the term of the contract of compulsory liability insurance of the owner of the facility, the facility does not meet the criteria for classifying hazardous production facilities as declared, approved by the authorized body, the policyholder provides information to the territorial subdivision of the authorized body on the state of industrial safety at the facility.

Non-compliance of an object with the criteria specified in part one of this paragraph grants the owner of the object the right to early termination of the compulsory liability insurance contract for the owners of the objects. In this case, the insurer is entitled to a portion of the insurance premium in proportion to the time during which the insurance was valid.

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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