Article 6. Sectors and Types (Classes) of Insurance

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

Insurance shall be divided into the following sectors:

life insurance (insurance of interests related to the life, health, ability to work and monetary security of individuals, where the minimum term of insurance under the contract is one year and includes one-time or periodic payments of insurance amounts containing the accrued interest stipulated by the insurance contract (annuities);

general insurance (personal, property, liability insurance and other types of insurance that are not related to the sector of life insurance).

In accordance with the general characteristics of insurance risks or their groups and related obligations, the sectors of insurance shall be divided into types (classes) of insurance. Types (classes) of insurance shall be determined by the Cabinet of Ministers of the Republic of Uzbekistan.

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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 6. Sectors and Types (Classes) of Insurance On insurance activities (LRU-730-son). neolex.uz/en/laws/law-5739120/6 (lex.uz/docs/6124730)