Article 821. Double insurance of the Civil Code of the Republic of Kazakhstan
1. Double (multiple) insurance is insurance of the same object with several insurers under separate contracts with each.
2. In case of double property insurance, each insurer is liable to the policyholder within the limits of the contract concluded with him, however, the total amount of insurance payments received by the policyholder from all insurers cannot exceed the actual damage.
In this case, the policyholder has the right to receive an insurance payment from any insurer in the amount of the insured amount stipulated by the contract concluded with him. If the insurance payment received does not cover the actual damage, the policyholder has the right to receive the missing amount from another insurer.
An insurer who is fully or partially exempt from insurance payments due to the fact that the damage caused has been compensated by other insurers is obliged to return to the policyholder the corresponding part of the insurance premiums, minus the costs incurred.
3. In case of double (multiple) personal insurance, each insurer fulfills its insurance obligations to the policyholder independently, regardless of their fulfillment by other insurers.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
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