Article 9. The validity of the contract 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 9. The validity of the contract 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 9. The validity of the contract 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 contract of compulsory liability insurance for owners of facilities shall enter into force and become binding on the parties from the moment the policyholder pays the first insurance premium, unless otherwise provided by the terms of the contract of compulsory liability insurance for owners of facilities.

2. The contract of compulsory liability insurance of owners of facilities is concluded for a period of no more than twelve months from the date of its entry into force.

If the owner of the facility carries out activities for a period of less than twelve months, a compulsory liability insurance contract for the owners of the facilities is concluded for the duration of the activity, but not less than six months.

The period of validity of the insurance coverage coincides with the term of the contract of compulsory liability insurance of the owners of the facilities.

3. The validity of the contract of compulsory liability insurance for owners of facilities is limited to the territory of the Republic of Kazakhstan, unless otherwise provided by the contract of compulsory liability insurance for owners of 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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