Compulsory insurance in Russia by federal laws on specific types of compulsory insurance.
separate federal law on certain types of insurance compulsory contain provisions which determine insurance entities;objects of insurance;possible insurance claims;the minimum size of the amount payable or its determination procedure;procedure and deadline for payment of the insurance premium;the size of the order, the tariff structure of the insurance;the validity of certain of the insurance contract;control over the conduct of insurance;the procedure for determining the size of insurance payments;the consequences of failure or substandard performance of a liability insurance entities and other provisions.
Compulsory insurance divided into such types as insurance by policyholders (this includes insurance of farm animals, buildings, personal insurance passenger rail, air, inland waterway, maritime and road transport);as well as mandatory private property and the State Insurance.
Personally compulsory insurance
Property compulsory insurance allocates objects property interests which are connected with the ownership, disposal and use of property (property insurance);the entrepreneurial activity (entrepreneurial risk insurance);obligation to compensate the damage caused to others (liability insurance).
in protecting the interests of the Russian Federation, wearing unlawful or prohibited by law, is not allowed.If the law does not stipulate to the contrary, it may be protected objects that belong to different types of property insurance or personal insurance.In this case, the name of the insurance is combined.
The Russian insurance interests of legal entities may only insurers having a license.
There is also state compulsory insurance .It appears in the form of insurance from the state budget.Private state compulsory insurance established in the Russian Federation for the police, tax authorities, judges, prosecutors, citizens called up for the army military training, military units of internal employees (compulsory insurance of servicemen).
State property insurance is provided on possible cases of damage or damage to property related to the management of performance.An example of when such insurance has proven to be the need for any disaster associated with a particularly large scale disasters as a result of industrial accidents (the Chernobyl NPP).
Insurance reimbursement for state insurance shall be covered by the state budget.The state as a subject of financial relations in the country and serves the interests of the insurer of the assets of a personal nature of certain categories of citizens.
difference in the legal relations of compulsory insurance and state insurance is that in the latter case, the State (or its authorized body) will always act as one party insurance, and payments for the victims will be carried out free of charge (ie budget).
