Insurance relations and their regulatory mechanism



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Topic 7

Questions for previous topic

  • Mandatory insurance
  • Process of mandatory insurance
  • Insurance contract
  • Protecting from different risks
  • Insurance secret
  • Double insurance
  • Cancellation of insurance contract

Insurance relations and their regulatory mechanism

By Umidjon Sharipov

Insurance


Get rid of unnecessary worries for manifuctures
Attention to the product or service
Protect from financial losses of new or long-term companies

Government’s control over insurance market


Special state organs
Taxes
Mandatory insurance

Insurance should be controlled by government


Diversified, lots of problems
Monopoly
Social and economic crisis during the development of market economy
Conflicts between the carrier and the assured

The tasks in controlling of insurance market in Uzbekistan

Controlling process of insurance by government


Fulfillment of requirements of law by participants
Providing with normative legal framework of insurance
Insurance activity
Choosing professional participants of insurance market

Government should take part in insurance process:


Investment
Cover for damage
Large insurance companies by government
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