INSURANCE LAW 1 (Consolidated text) I. I. BASIC PROVISIONS Subject of the Law Article 1 This Law regulates insurance conditions and methods as well as supervision of insurance activities. Insurance ...
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...Insurance law consolidated text i basic provisions subject of the article this regulates conditions and methods as well supervision activities include coinsurance reinsurance directly related to are considered be concluding contracts executing contract obligations undertaking measures for prevention curb risks jeopardizing insured property persons with several insurers who have agreed upon joint coverage risk sharing on surplus exceeding self retention amount one company another licensed conduct hereinafter connected business brokerage agency determining assessment claims in sale remains damaged objects rendering other intellectual technical services relating companies engaging shall performed by an competent body performance those a branch foreign is incorporated stock or mutual engage solely engaged such agencies agents perform form limited liability except herein conducted specialized provision legal entities specially organized department voluntary basis personal exception from par...