Article 11. Objects of Insurance
On insurance activities (LRU-730-son) · Date: 23.11.2021 · In force
On insurance activities (LRU-730-son) · Date: 23.11.2021 · In force
Objects of life insurance may include property interests related to the survival of individuals to a certain age or date or the occurrence of other events in the life of individuals, as well as their death, or property interests related to causing harm to the health of individuals, as well as their death as a result of an accident or illness.
Objects of health insurance may include property interests related to the payment for the organization and provision of medical (medical care, provision of medicines) and other services due to a person's health disorder or condition that require the organization and provision of such services, and the implementation of preventive measures reducing the degree of threats dangerous to the person's life or health and/or eliminating them.
Objects of property insurance may include property interests related to the risk of loss (death) or shortage of property, or damage thereto.
Objects of financial risk insurance in property insurance may include the property interests of the insurant (insured person), related to the risk of the failure to receive income, the occurrence of unforeseen expenses of individuals and legal entities.
Objects of business risk insurance may include property interests related to the risk of losses from entrepreneurial activities due to the failure of the entrepreneur's counterparts to fulfill their obligations or due to the changes in the terms and conditions for such activities due to reasons beyond the entrepreneur's control, as well as the risk of the failure to receive the expected income.
Objects of civil liability insurance may include property interests related to:
the risk of liability for harm caused to the life, health or property of individuals, legal entities or the state;
the risk of liability for violation of the terms and conditions of a contract.
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National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6124730
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Cite as: Article 11. Objects of Insurance On insurance activities (LRU-730-son). neolex.uz/en/laws/law-5739120/11 (lex.uz/docs/6124730)