On insurance activities (LRU-730-son) · Date: 23.11.2021 · In force
Coinsurance shall be defined as the activity to insure the same object under one insurance contract jointly by several insurers.
Upon the occurrence of an insured event under the insurance contract, the insurants, insured persons and beneficiaries shall have the right to apply for the insurance indemnity (insurance benefit) to any insurer specified in such contract.
An insurance organization whose license does not specify the relevant class of insurance shall not participate in coinsurance activities.
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 9. Coinsurance Activities On insurance activities (LRU-730-son). neolex.uz/en/laws/law-5739120/9 (lex.uz/docs/6124730)
