Article 19. Rights and Obligations of the Insurance Agent

The insurance agent shall have the right to:

carry out intermediary activities for any type of insurance within the powers granted by the insurer, including for the types of compulsory insurance;

provide the necessary assistance in the assessment of the insurance risk accepted for insurance, in the payment of the insurance indemnity (insurance benefit) upon the occurrence of an insured event and in the payment of the insurance premium by the insurant in full and within the terms established in the insurance contract;

receive information from the insurer about the availability of a license, the amount of the charter fund, insurance reserves and obligations assumed, as well as other indicators of its solvency and financial stability;

draw up the necessary documents for the conclusion of an insurance contract (insurance policy);

collect open source information, without interfering with the privacy of the insurant, about the risk and the insurant in order to provide the insurer with more complete information about the risks accepted from the insurant.

The insurance agent may also have other rights in accordance with the legislation and its signed contracts.

The insurance agent shall be obliged to:

comply with the requirements of the legislation on insurance activities;

assist in the timely drawing up of documents when concluding an insurance contract and paying the insurance indemnity (insurance amount);

know information about insurance tariffs, insurance terms and conditions offered by insurers, the availability of a license, the amount of the charter fund, insurance reserves and obligations assumed, as well as other indicators of its solvency and financial stability;

when drawing up an insurance contract, know the necessary information about the insurant, offer it specific measures aimed at reducing the insurance risk and the probability of the occurrence of an insured event;

at the request of insurants, inform them about the current insurance terms and conditions;

in accordance with the established procedure, conclude and timely renew insurance contracts;

keep records of concluded insurance contracts and received amounts of insurance premiums in accordance with the established form;

ensure the safety of insurance documentation;