Insurance legislation

The Insurance activity Act 2002 (as amended) – mainly regulates administrative and organizational issues of the insurance market by setting the types of insurance and defining the professional participants of the insurance market – insurer, insurer intermediaries, adjusters, surveyors, actuaries and assistance services. The Act also stipulates on obligations and liabilities of the insurers and other professional participants of the insurance market. The insurers are not allowed to perform activities other than connected with insurance and investment.

It is important to note that the Act sets the requirement that not less than a 90% of the insurer’s chartered capital must be formed in terms of money. The minimum chartered capital required for insurers is set up by the Cabinet of Ministers of Uzbekistan.

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Insurance legislation

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All payments currently accepted via bank transfers only. Please complete a form below to receive an Agreement for our product and invoice.