Article 41. Requirements for the Company Name of Insurers (Reinsurers) and Insurance Brokers

On insurance activities (LRU-730-son) · Date: 23.11.2021 · In force

In the company name of insurers (reinsurers) and insurance brokers, it shall not be allowed to use designations that are identical or similar to the extent of its confusion with the company name of previously established insurers (reinsurers) and insurance brokers, except for the names of branches of insurers (reinsurers) and insurance brokers.

In the event of a change in the company name, form of incorporation or location (postal address), the insurer (reinsurer) and the insurance broker shall be obliged to notify the insurants through the media, and under their existing contracts with a term of more than one year — in a written or electronic form using information and communication technologies.

The term "insurance" or phrases with this term shall be used in the company name or trademark (service mark) only by legal entities licensed to carry out insurance activities.

Legal entities licensed to carry out insurance activities shall be obliged to include the term "insurance" in their company name.

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Source of the text

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 41. Requirements for the Company Name of Insurers (Reinsurers) and Insurance Brokers On insurance activities (LRU-730-son). neolex.uz/en/laws/law-5739120/41 (lex.uz/docs/6124730)