Compulsory civil liability insurance of owners of facilities whose operation involves a risk of harm to third parties
25 June 2011 Reading: 4 min Views: 3 312
An insured event is the fact of an accident at a facility that has caused harm to the life, health and (or) property of third parties.
The insurance payout in respect of the victims' property is made in the amount of the harm caused, as determined by the Insurer or an independent expert on the basis of the report investigating the causes of the accident, court decisions and other materials containing data on the amount of harm caused. The payout for harm caused to the life and health of victims is calculated on the basis of the limits established by the Law* and depends on the severity of the harm caused (death, degree of disability or inpatient treatment without disability being established).
Sum insured
1. The sum insured under a contract of compulsory liability insurance of facility owners amounts to the following number of monthly calculation indices established by the law on the republican budget for the relevant financial year:
1) 600 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors exceeds four thousand people;
2) 350 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than two thousand but does not exceed four thousand people;
3) 225 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than one and a half thousand but does not exceed two thousand people;
4) 115 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than seven hundred and fifty but does not exceed one and a half thousand people;
5) 50 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than three hundred but does not exceed seven hundred and fifty people;
6) 30 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than one hundred and fifty but does not exceed three hundred people;
7) 12 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than seventy-five but does not exceed one hundred and fifty people;
8) 5 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than ten but does not exceed seventy-five people;
9) 1 thousand – for other declared hazardous production facilities, if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is up to ten people.
The insurance rate is from 0.72% to 2.02% of the sum insured.
Note: if the activity of a facility falls into several of the categories listed above at once, the highest of the amounts specified in those categories is used to determine the minimum sum insured.
Liability insurance of owners of hazardous facilities is carried out in accordance with the Civil Code of the Republic of Kazakhstan and on the basis of Law of the Republic of Kazakhstan No. 580-II dated 07.07.2004 "On Compulsory Civil Liability Insurance of Owners of Facilities Whose Activities Involve the Risk of Causing Harm to Third Parties".
The insurance payout in respect of the victims' property is made in the amount of the harm caused, as determined by the Insurer or an independent expert on the basis of the report investigating the causes of the accident, court decisions and other materials containing data on the amount of harm caused. The payout for harm caused to the life and health of victims is calculated on the basis of the limits established by the Law* and depends on the severity of the harm caused (death, degree of disability or inpatient treatment without disability being established).
Sum insured
1. The sum insured under a contract of compulsory liability insurance of facility owners amounts to the following number of monthly calculation indices established by the law on the republican budget for the relevant financial year:
1) 600 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors exceeds four thousand people;
2) 350 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than two thousand but does not exceed four thousand people;
3) 225 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than one and a half thousand but does not exceed two thousand people;
4) 115 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than seven hundred and fifty but does not exceed one and a half thousand people;
5) 50 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than three hundred but does not exceed seven hundred and fifty people;
6) 30 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than one hundred and fifty but does not exceed three hundred people;
7) 12 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than seventy-five but does not exceed one hundred and fifty people;
8) 5 thousand – if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is more than ten but does not exceed seventy-five people;
9) 1 thousand – for other declared hazardous production facilities, if the maximum possible number of victims as a result of the harmful effects of hazardous production factors is up to ten people.
The insurance rate is from 0.72% to 2.02% of the sum insured.
Note: if the activity of a facility falls into several of the categories listed above at once, the highest of the amounts specified in those categories is used to determine the minimum sum insured.
Liability insurance of owners of hazardous facilities is carried out in accordance with the Civil Code of the Republic of Kazakhstan and on the basis of Law of the Republic of Kazakhstan No. 580-II dated 07.07.2004 "On Compulsory Civil Liability Insurance of Owners of Facilities Whose Activities Involve the Risk of Causing Harm to Third Parties".