Article 43. Special Aspects of Suspension of the License of the Insurer (Reinsurer)

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

The suspension of the license of the insurer (reinsurer) shall entail a ban for it to conclude new insurance (reinsurance) contracts, as well as extend the existing insurance (reinsurance) contracts. The insurer (reinsurer), whose license has been suspended, shall be obliged to fulfill, in accordance with the established procedure, the obligations assumed under previously concluded insurance (reinsurance) contracts.

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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 43. Special Aspects of Suspension of the License of the Insurer (Reinsurer) On insurance activities (LRU-730-son). neolex.uz/en/laws/law-5739120/43 (lex.uz/docs/6124730)