Article 49. Insurance Reserves of Insurers (Reinsurers)

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

To ensure the fulfillment of the assumed insurance obligations, insurers (reinsurers) shall, in accordance with the procedure and conditions established by the authorized state body, form and place insurance reserves from insurance premiums paid both in national currency and in foreign currency.

The assets of the insurer (reinsurer) corresponding to its insurance reserves shall not be subject to withdrawal.

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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 49. Insurance Reserves of Insurers (Reinsurers) On insurance activities (LRU-730-son). neolex.uz/en/laws/law-5739120/49 (lex.uz/docs/6124730)