Article​​​​​​​ 155. Insurance of risks in the field of water use and conservation

The insurance of risks in the field of water use and conservation consists of protecting the property and income of enterprises, institutions, and organizations, and the life, health, and property of citizens in cases of damage caused as a result of water contamination, worsening water quality, and other harmful effects related to the use of water and water objects.

The protection of the property interests of legal entities or individuals in the insurance of risks in the field of water use and conservation is carried out at the expense of monetary funds formed from the insurance premiums paid by them, as well as from other funds, by paying them an insurance indemnity (insurance payment) in accordance with the insurance contract and when a certain event (insured event) occurs.

The insurance of risks in the field of water use and conservation is, as a rule, carried out as environmental insurance.

The basic principles, objects, subjects, and procedure for the insurance of risks in the field of water use and conservation are determined by the Law of the Republic of Uzbekistan “On insurance activities.”

The main purpose of the insurance of risks in the field of water use and conservation is to compensate for damage caused to the life, health, and property of, and/or the environment of, third parties as a result of the pollution of water and water objects, accidents, or other insured events.