Mark: 25 Question 1: Basic principles and concepts of risk management

Question 3: The legal basis of insurance
The civil right relationship between customers and insurance companies is based on the provisions of the relevant contract. This creates, on the one hand, the obligations of the insurance company to the customer, and on the other hand, the duties and obligations of the customer to the insurance company. According to the contract, the customer must pay the insurance premium on time. In the event of an insured event, the insurance company must pay the insurance indemnity (amount) to the customer within the terms and conditions specified in the insurance contract. Apparently, the contract, as a civil law document, regulates the relationship between the parties. The civil-legal relationship that arises between insurance companies is formed within the framework of concluded agreements on insurance pool and reinsurance. According to the current legislation, the insurance company can participate in the insurance pool in order to ensure financial stability and, consequently, to fulfill its obligations to the insured, or other insurance companies or specialized reinsurance. may enter into contractual relations with organizations. The civil-legal relationship that arises between customer and special state bodies is related to the protection of the legitimate interests of customers who are the insured of a specially authorized state body. In practice, there are cases when the insurance company may unreasonably refuse to indemnify the insured for the damage caused by the insured event. In this case, the insured may apply to a specially authorized state body for legal protection of their rights. Civil right relations between insurance companies and a specially authorized state body are regulated by law. The civil law relations of the specially authorized body with respect to insurance companies are reflected in the Civil Code of the Republic of Uzbekistan and the Law "On Insurance Activity". The specially authorized state body supervises the activities of insurance companies in the manner prescribed by law. If necessary, in order to protect the rights of the insured, government has the right to revoke the license. There are special laws about insurance, insurance activity, auto responsibility insurance, civil responsibility of employer and general laws. According to law insurance companies can’t make an insurance illegal actions. They must insure people in mandatory insurance. Mandatory insurance government defines premium and indemnity. Insurance contract must be in written form, in these cases insurance contract is fake: if no object, if criminal property or illegal action is insurance object, if risk is very high.