Legal entities

Under the insurance agreement there can be insured:

The vehicle owners’ property interests related to occurrence in accordance with the legislation of their civil liability to compensate harm to the life, health and (or) property of the injured caused by the use of vehicle.

The procedure for insurance indemnity payment:

In case of damage to the property of the victim, the amount of insurance indemnity may not exceed 35 percent of the insurance amount.

In case of harm to the life or health of the injured, the amount of insurance indemnity may not exceed 65 percent of the insurance amount.

The Company shall pay insurance indemnity within 5 (five) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

The employer’s property interests in case of occurrence of its civil liability for compensation of harm caused to the life or health of employee related to industrial injury, occupational disease or other damage to health of employee associated with performance of his work duties.

The insurance indemnity under obligatory insurance agreement is paid in the form of:

- monthly payment as a percentage of the injured’s average monthly salary before the injury corresponding to degree his professional work capacity loss or occupational disease identification;

- monthly payment in the amount of the deceased’s average monthly salary minus share attributable to him and the employable persons who were his dependents but were not entitled to compensation for the harm caused;

- payment to the injured or beneficiary of lump sum allowance in cases established by the legislation;

- funeral expenses determined by compulsory insurance agreement in the amount of no more than 3 times the minimum wage established by the law on the day of death, in case of death of the employee;

- Compensation for the employer’s additional expenses in accordance with the legislation.

Under the insurance agreement there can be insured:

Carrier’s property interests in case of occurrence of its civil liability for compensation of harm caused to life, health and (or) property of passengers.

The procedure for insurance indemnity payment:

The amount of damage to the life or health of the passenger compensated by the carrier’s civil liability obligatory insurance is determined in accordance with the table of payments.

The amount of damage caused to the passenger's property compensated by the carrier’s civil liability obligatory insurance is determined in the following order:

- in case of loss or shortage of the passenger's property - in the amount of the value of lost or missing property;

- in case of damage (spoilage) of the passenger's property - in the amount which its value has decreased, and in case of inability to restore the damaged (spoiled) property - in the amount of its value;

- in case of loss of the passenger's property handed over for carriage with declaring its value - in the amount of declared value of the lost property;

- in case of inability to determine the value of the lost, missing or damaged (spoiled) passenger’s property - in the amount equivalent to twenty five US dollars by the Central Bank of the Republic of Uzbekistan exchange rate set on the day of concluding of the carrier’s civil liability obligatory insurance agreement for each kilogram of weight of the lost, missing or damaged (spoiled) property.

The insurance indemnity is paid directly to the victim or beneficiary no later than five working days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

The Insured’s property interests in case of occurrence of its civil liability for compensation of harm to the life, health and (or) property of other parties and environment in case of accident at hazardous production facility operated by the insured

The procedure for insurance indemnity payment:

The amount of insurance indemnity (insurance amount) payment is determined by the Company on the basis of act of technical investigation of causes of accident, court decisions and other documents containing data on the causes and circumstances of occurrence of the insurance event, including the amount of damage caused to other parties.

Insurance indemnity (insurance amount) payment is carried out within the established insurance amount specified in the insurance agreement.

Insurance indemnity (insurance amount) payment is made directly to the victim. Reimbursement of expenses for minimization of losses is made to the Insured. Insurance indemnity (insurance amount) payment is carried out within 10 working days from the date of signing the Act on Insurance Event.

In accordance with the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 532 dated by 20th December 1999 the Company provides insurance protection to:

The Insured’s (Beneficiary’s) property interests causing material damage directly from the following risks:

  1. a) fire, lightning, explosion, aircraft fall, spontaneous combustion;
  2. b) theft and malicious acts of the third parties;
  3. c) flood and inundation, pipes breakage; storm, hurricane;
  4. d) earthquake, mudflow, avalanches, soil subsidence, landslide, landslip;
  5. e) short circuit, overvoltage, electric arcs;
  6. e) machines and mechanisms, building materials and structures fall;
  7. g) damage from the inconscient use of defective materials and structures.

 

The Insured’s property interests in case of occurrence of loss which the Insured bears civil liability for:

  1. a) harm to the life, health of third parties;
  2. b) losses or damages caused to the third parties’ property caused by the performance of construction or erection works insured under the agreement at the construction site itself or in immediate proximity to it during the insurance period.

Under the insurance agreement there can be insured:

The Insured’s property interests related to possession, use and disposal of cargo.

The insurance agreement is concluded by the following condition:

"With responsibility for all risks” which covers:

- all losses from damage or total loss of all or part of the cargo;

- losses, expenses and contributions by general average;

- all necessary and appropriately made expenses for saving cargo, minimizing loss and defining its amount.

 

The procedure for insurance indemnity payment:

Damages, destruction (loss) of cargo within the framework of agreement are reimbursed in the following order:

  1. a) in case of the total loss (destruction) of all or part of the cargo - in the amount of the damage suffered by the Insured but no more than the insurance amount.
  2. b) in case of damage to all or part of the cargo - in the amount of recovery costs but no more than the insurance amount.

Recovery costs include the following:

  1. a) expenses for supplies and spare parts for repair (restoration);
  2. b) expenses for repair work;
  3. c) expenses for the delivery of supplies to the repair site and other expenses necessary to restore the insured cargo to the state it was right before the insurance event occurrence.

Under the insurance agreement there can be insured:

Under Section 1. All risks property insurance:

The company provides insurance protection to the Insured/Beneficiary’s property interests against any direct unforeseen accidental physical damage, loss or destruction of the property.

Under Section 2. Equipment breakdown insurance:

Under this Section it is covered unforeseen and unexpected material damage to equipment specified in the agreement or its loss in case this equipment is at the insured site due to casting or materials defects, project mistakes, production defect or poor-quality installation, mishandling, insufficient experience, negligence, water shortage in the boiler, physical explosion, disruption resulted from centrifugal force effect, short circuit, current action or any other reasons requiring repair or replacement.

The procedure for insurance indemnity payment:

  1. a) in case of the complete destruction (loss) of all or part of the insured property - in the amount of the actual value of damaged property as of the date of conclusion of the insurance agreement but not more than the insurance amount;
  2. b) In case of damage (partial damage) of the property - in the amount of recovery costs but not more than the insurance amount.

Recovery costs include:

  1. a) expenses for supplies and spare parts for repair (restoration);
  2. b) expenses for repair work;

Under equipment breakdown insurance:

  1. a) in case of the complete destruction (loss) of all or part of the insured property - in the amount of the actual value of damaged property as of the date of conclusion of the insurance agreement but not more than the insurance amount. The actual value is defined by deducting the appropriate amount of depreciation applied to the property from its recovery value;
  2. b) In case of damage (partial damage) of the property - in the amount of recovery costs but not more than the insurance amount. Recovery value means expenses for replacing equipment by similar equipment of the same condition.

Recovery costs include:

  1. a) expenses for supplies and spare parts for repair (restoration);
  2. b) expenses for repair work;
  3. c) expenses for delivery of materials to the repair site and other expenses necessary to restore the insured property to the state it was before occurrence of insurance event.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

Material loss:

The Company provides insurance protection to the Insured’s property interests in case of damage to the Property against all risks during construction work at the insured area within insurance period.

Civil liability toward third parties:

The Company provides insurance protection to the Insured's property interests in case of occurrence of losses the Insured is liable for in accordance with the Civil Code of the Republic of Uzbekistan for causing harm to life, health of third parties during construction work at the insured area or in close proximity to it within insurance period.

The procedure for insurance indemnity payment:

  1. a) in case of destruction (loss) of property - in the amount of actual value of the property as of the date of signing the insurance agreement excluding deductible, except for loss of property from the risks of earthquake, volcano eruption, tsunami, storm, cyclone, flooding and landslide.
  2. b) in case of damage to property - in the amount of recovery costs excluding deductible, but not exceeding the insurance amount, except for loss of property from the risks of earthquake, volcano eruption, tsunami, storm, cyclone, flooding and landslide.

In case of loss or damage to property resulted from earthquake, volcano eruption, tsunami, storm, cyclone, flooding and landslide, indemnity limits and deductibles are applied by appropriate risks specified in the agreement.

Recovery costs include:

  1. a) Expenses for supplies and spare parts for repair (restoration);
  2. b) Expenses for repair work;
  3. c) expenses for the delivery of supplies to the repair site and other expenses necessary to restore the insured property to the state it was right before the insurance event occurrence.

In case of insurance of the Insured’s civil liability, the insurance indemnity shall be paid by the Company in the amount of the damage defined during claim settlement but not exceeding the insurance amount.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

The Insured’s property interests related to possession, use and disposal of insured property put in pledge which could be damaged in case of the insurance event.

Under insurance agreement, the Company provides insurance coverage to the insured property specified in the agreement in case of insurance event resulted from the following risks: storm, hurricane, rain, hail, heavy snowfall, landslide, mud, lightning, earthquake, fire, explosion, burglary, illegal actions of the third parties.

The procedure for insurance indemnity payment:

  1. a) in case of the complete destruction (loss) of all or part of the insured property - in the amount of the actual value of this property as of the date of conclusion of the insurance agreement but not more than the insurance amount;
  2. b) In case of damage to all or part of the insured property - in the amount of recovery costs but not more than the insurance amount for each part of the property.

Recovery costs include:

  1. a) expenses for supplies and spare parts for repair (restoration);
  2. b) expenses for repair work;
  3. c) expenses for delivery of supplies to the repair site necessary to restore the insured property to the state it was before occurrence of insurance event.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

Property interests of the Insured related to possession, use, disposal of the property - the object of leasing which may be damaged due to insurance event.

Under the insurance agreement the Company provides insurance protection to the insured property specified in the agreement upon occurrence of insurance event directly from the following risks: floods, storms, hurricanes, rainstorms, hail, heavy snowfall, landslide, mudflow, lightning, earthquake, fire, explosion, burglary, illegal actions of the third parties.

The procedure for insurance indemnity payment:

  1. a) in case of the complete destruction (loss) of all or part of the insured property - in the amount of the actual value of this property as of the date of conclusion of the insurance agreement but not more than the insurance amount;
  2. b) In case of damage to all or part of the insured property - in the amount of recovery costs but not more than the insurance amount for each part of the property.

Recovery costs include:

  1. a) expenses for materials and spare parts for repair (restoration);
  2. b) expenses for repair work;
  3. c) expenses for delivery of materials to the repair site and other expenses necessary to restore the insured property to the state it was before occurrence of insurance event.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

  1. Property insurance
  2. Third Party Liability Insurance
  3. Insurance of losses as a result of ownership suspension
  4. Insurance of expenses related to legal protection.

Under property insurance the insurance event is:

- Loss, destruction or damage to property resulting from any direct accidental physical damage, loss or destruction of the insured property specified in the agreement.

Under third party liability insurance the insurance case is:

- The Insured’s Civil liability for causing damage to property and/or life, health of third parties as a result of possession, use, disposal of property during the insurance period.

Under insurance of losses resulted from ownership suspension the insurance event is:

- Loss of property as a result of the Insured's ownership of the property suspension within insurance period upon occurrence of which the Company is obliged to pay the insurance indemnity to the Beneficiary.

Under insurance of expenses related to legal protection the insurance event is:

- Damage to the property interests of the Insured in connection with expenses related to the legal protection of the Insured.

The procedure for insurance indemnity payment:

In case of destruction or damage to property - in the amount of recovery costs but not more than the insurance amount specified in the agreement minus deductible.

Recovery costs include:

  1. a) expenses for materials and spare parts for repair (restoration);
  2. b) expenses for repair work;
  3. c) expenses for delivery of materials to the repair site and other expenses necessary to restore the insured property to the state it was before occurrence of insurance event.

In the event of third parties liability - in the amount specified by mutual agreement or by the decision of the Court.

In case of property loss as a result of ownership suspension:

- expenses for re-registration of the property title to the Insured’s name and/or

- if it is impossible to completely restore the lost property rights in the amount of the loss incurred but not more than the insurance amount.

Under expenses related to legal protection:

- Post expenses related to sending legal acts;

- amounts payable for carrying out expert examination appointed by the court;

- expenses for calling the witness, examining evidence on the spot if the court made Insured responsible for this and it was agreed in writing with the Company;

- expenses for lawyer for services to protect the rights of the Insured;

- amounts due to experts, witnesses and translators for their services and expenses incurred by them in connection with a court visit if they were hired by the Insured with the written consent of the Company, and if these duties are not within the scope of their official duties;

- legal expenses related to consideration of the case in court if they were imposed by the court.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

Property interests of the Insured persons related to life, health and work ability.

The accident at work is a sudden, short-term event independent of the will of the Insured Person occurred during working hours in the workplace, which externally affects the human body and leads to traumatic injuries or other health disorders, death.

The procedure for insurance indemnity payment:

In case of the Insured Person’s temporary loss of work ability due to the accident, the insurance indemnity in the form of compensation for material income reduction shall be paid for each day of disability starting from the 7th day of continuous treatment in the amount of 0.27% from the personal insurance amount and continue for period of no more than 90 (ninety) days.

In case of assigning disability group to the insured person, the insurance indemnity payment is made in the following order:

- in case of Group I disability is set for the Insured Person - 100% of the personal insurance amount;

- in case of Group II disability is set for the Insured Person - 75% of the personal insurance amount;

- in case of Group III disability is set for the Insured Person - 50% of the personal insurance amount.

In case of death of the Insured Person, the amount of insurance indemnity is 100% of the personal insurance amount.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Act on Insurance Event.

 

Under the insurance agreement there can be insured:

Property interests of the Insured in case of occurrence of civil liability to the Beneficiary for customs fees and interest payment failure.

The insurance event is:

- non-payment of customs fees upon expiry of customs fees’ deferred or installment payments period. The date of overdue debt is considered to be the day following expiration of deferred or installment payment period.

- additional customs fees charges resulted from carrying out customs control after the release of goods. For additional customs fee charges, the date of overdue debt is the day of demand submission for discharging debt for customs fee payments and in other cases provided for by the Customs Code.

Under the insurance agreement there can be insured:

The Insured’s Liability as a forwarder towards the cargo owner in accordance with FIATA requirements for the cargo safety from the moment of accepting cargo under its responsibility and until the moment determined by the contract with the cargo owner;

Responsibility for the timely delivery of goods;

The Insured’s costs and expenses for settlement of claims made by the written consent of the Company,

provided that:

  1. a) all permits and licenses necessary for forwarding and transporting have been received;
  2. b) when performing the forwarding, FIATA documents and forms are used filled in accordance with the instructions of the AIFUz Directorate.

The insurance event is:

Actually taken place event stipulated by insurance agreement upon occurrence of which the Company is obliged to pay insurance indemnity to the Insured or to the third parties, resulted from professional negligence, error or omission of the Insured, its personnel and agents acting in the course of their duties, or any other people whose services were used by the Insured to perform the contract, evidenced by the specific FIATA bill of lading, as if these actions or omissions would be the Insured’s own ones.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 10 (ten) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

The Insured’s responsibility towards the customs authority by the TIR terms for violations of the acting customs legislation of the Republic of Uzbekistan when performing its services as the customs carrier.

Under the insurance agreement there can be insured:

Property interests of the Insured related to the risk of the Insured’s professional liability arising towards the Patient(s).

The insurance event is:

The occurrence of the Insured’s professional liability towards the Patient (prosecution of the Insured for compensation of harm caused to the life and health of the Patient) directly related to provision of services under professional medical activities of the Insured and resulted in death, disability, injury to the Patient due to professional error or negligence (unfortunate use of professional knowledge and skills in bona fide, prudent and competent approach in performing the duties) within insurance period.

The procedure for insurance indemnity payment:

The insurance indemnity is paid based on court decision or conclusion of the expert commission under the Ministry of Health of the Republic of Uzbekistan confirming the Insured’s liability towards the patient.

Within the limit of liability for each insurance event, the insurance indemnity is defined in the amount of:

- the sum necessary to restore the Patient’s health - in case of causing damage/ harm to the Patient’s health;

- the entire sum of the Limit of Liability under each insurance event – in case of the Patient’s death;

-  court expenses assigned to the Insured by the court except for penalties (fines, penalties) – in case of the Insured’s choice of the Limit of Liability for expenses related to legal protection.

The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event by transferring to the Insured’s bank account.

 

Under the insurance agreement there can be insured:

Insured’s property interests in case of arising of its civil liability for payment of compensation for damage to life, health and/or property of the third parties within insurance period.

The insurance event is:

The occurrence of the Insured’s civil liability towards the third party for the damage caused within insurance period of unintentional and unforeseen nature directly related to the implementation of the insured activity or caused by constructive, industrial, prescription defects of the goods as well as the use of materials, equipment, instruments, tools, appliances or other means not ensuring the safety of life, health and/or property of third parties.

The procedure for insurance indemnity payment:

Insurance indemnity is paid by the Company in the amount of damage defined during the claim settlement period but not higher than insurance amount specified in the Agreement.

The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event by transferring to the Insured’s or the Beneficiary’s bank account (as agreed by the parties).

Under the insurance agreement there can be insured:

The Insured’s civil liability towards consumers (customers), business entities and other users of the financial statements for the financial loss caused by preparing audit report containing incorrect conclusion regarding financial statements and other financial information of the business entity as well as the liability for poor and inadequate provision of professional audit services causing losses for customers of the services.

Under the insurance agreement there can be insured:

 

The Insured’s property interests in case of occurrence of its civil liability for damage  caused by poor or improper implementation of professional activities of entities related to determining market or other value of appraisal objects within insurance period.

The procedure for insurance indemnity payment:

Insurance indemnity is paid by the Company in the amount of damage defined during the claim settlement period but not higher than insurance amount.

The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event.

The court administrator (temporary manager, recovery manager, external manager, liquidator) is a person appointed by the economic court to conduct bankruptcy proceedings.

The insurance event is:

occurrence of the insured’s liability for compensation of damage to the Beneficiary resulted from failure to perform or improper performance of  the duties of court administrator assigned to him in accordance with Article 19 of the Law “On Bankruptcy”  of the Republic of Uzbekistan.

The procedure for insurance indemnity payment:

 

In case of the Company’s acceptance of insurance event, the amount of insurance indemnity to be paid which is specified in settlement agreement or court decision is determined. The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

The Insured’s property interests in case of occurrence of the Insured and/or Insured Person’s civil liability for compensation of harm to the life, health and (or) property of other parties within insurance period confirmed by court decision when being effective the Company is to pay insurance indemnity to the Insured or other third parties.

 

The procedure for insurance indemnity payment:

Insurance indemnity is paid by the Company in the amount of damage defined during the claim settlement period but not higher than insurance amount.

The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

The Insured’s property interests in case of occurrence of his liability for damages to be legally compensated by the Insured as a result of Customer's claims submitted to the Insured and then passed to the Company within insurance and waiting period for any true and confirmed negligence, errors or omissions of the Insured made in the process of carrying out his professional activities and bearing unintentional and unpredictable character.

The procedure for insurance indemnity payment:

The fact and amount of damage must be documentarily confirmed by competent authorities (court decisions, conclusions of state control and supervision bodies, law enforcement agencies, experts and expert commissions).

If during concurrent indemnification of damage by a number of claims to several persons the amount of damage exceeds the insurance amount under Agreement the insurance indemnity is paid for each insurance event in proportion of amount of damage to the insurance amount under Agreement.

The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

The insurance covers the Insured's losses related to settlement of claims made by third parties for compensation of harm caused to their life, health and/or property within insurance period, including damage related to environmental pollution, as well as expenses related to legal protection of the Insured during transportation of dangerous cargo.

The procedure for insurance indemnity payment:

The fact and amount of damage must be documentarily confirmed by competent authorities (court decisions, conclusions of state control and supervision bodies, law enforcement agencies, experts and expert commissions).

If during concurrent indemnification of damage by a number of claims to several persons the amount of damage exceeds the insurance amount under Agreement the insurance indemnity is paid for each insurance event in proportion of amount of damage to the insurance amount under Agreement.

The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event.

Under the insurance agreement there can be insured:

The Insured/Beneficiary’s property interests related to the ownership, use and disposal of the insured vehicle (V) which may be damaged in case of insurance event occurred directly from the risks specified in the agreement.

Insured risks:

  1. Loss or damage to the vehicle

loss or damage to the insured vehicle resulted from traffic accident, fire, explosion, objects hit, natural disasters and third parties’ illegal acts occurred within insurance period and insurance territory.

  1. Third party civil liability

the Insured’s civil liability for harming life, health and/or property of third parties resulted from the insured vehicle operation within insurance period and insurance territory.

  1. Accidents with driver and passengers

bodily injuries received by passengers and driver being in the vehicle at the time of accident occurred within insurance period and insurance territory.


The procedure for insurance indemnity payment:

If case of loss or theft of the vehicle - in the amount of damage suffered but not more than insurance amount specified in the agreement minus set deductible.

In case of damage to the vehicle - the Company has the right to repair the V or compensate in the amount of order/expense estimate for carrying out the recovery made by authorized expert organization but not more than insurance amount.

The company will also reimburse expenses:

- related to elimination of hidden damage detected during the vehicle repair caused by insurance event and documentarily confirmed by authorized expert organization;

- related to assessment of the damage to the V upon occurrence of insurance event made by an authorized expert organization.

In case of bodily harm and/or material damage to the third parties - in the amount of damage caused by the Insured for bodily harm and/or material damage to third parties (or in the amount set by the court decision) but not more than insurance amount specified in the agreement.

In case of injury by the driver and passengers the insurance indemnity is paid in the following ratio:

- for minor bodily injuries resulting in short-term health disorder or minor permanent disability - 10%;

- for moderate bodily injuries - 40%;

- for serious bodily injuries - 80%;

- in case of death of driver and passengers - 100%.

The Company shall pay insurance indemnity to the Insured/Beneficiary within 15 (fifteen) days from the date of signing the Act on Insurance Event by transferring to the Insured’s/driver’s/passanger’s or the Beneficiary’s bank account.