Article 30. Insurance Rules

Insurance rules (except for insurance rules adopted within the framework of international insurance systems) shall be adopted and approved by the insurer or the association of insurers and shall contain the main provisions of insurance.

The main provisions of insurance shall contain the following concepts:

subjects of insurance;

objects of insurance;

insured events;

insurance risks;

procedure for determining the insurance amount, the insurance tariff and the insurance premium (insurance contributions);

procedure for conclusion, execution and termination of insurance contracts;

rights and obligations of the parties;

procedure for determining the amount of loss or damage;

procedure for determining the insurance indemnity (insurance benefit);

terms of the insurance indemnity (insurance benefit), as well as an exhaustive list of reasons for refusal of the insurance indemnity (insurance benefit) and other provisions.