Article 24. Insurance Surveyor

An insurance surveyor shall be defined as a legal entity that has relevant specialists on its staff, or an individual with professional knowledge and skills who provides the following services:

inspection and survey of the object of insurance (reinsurance) before the conclusion of an insurance (reinsurance) contract;

analysis of all facts and risk circumstances, determination of the degree of risk before the conclusion of an insurance (reinsurance) contract;

preparation of an opinion on the object of insurance under survey.

The procedure for the work of specialists (experts) authorized to conduct an insurance examination shall be determined by the insurance surveyor.

The insurance surveyor shall carry out its activities in accordance with the contract concluded with the insurer or the insurant.

The insurance surveyor shall not have the right to:

conduct insurance and reinsurance operations as an insurer;

carry out intermediary insurance activities;

hold shares in the charter funds (charter capitals) of insurers.

Based on the results of the work of the insurance surveyor, a report is provided that can be used by the insurer or the insurant in concluding an insurance (reinsurance) contract.

The conclusions contained in the insurance surveyor's report may be reviewed in the course of an independent insurance examination.