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The document ceased to be valid since May 30, 2017 according to Item 1 of the Order of the National commission performing state regulation in the field of the markets of financial services of Ukraine of April 4, 2017 No. 868

Registered by

Ministry of Justice of Ukraine

December 27, 2004 

No. 1654/10253

THE ORDER OF STATE COMMISSION ON REGULATION OF THE MARKETS OF FINANCIAL SERVICES OF UKRAINE

of December 23, 2004 No. 3178

About approval of Licensed conditions of implementation of compulsory insurance of civil responsibility of owners of land vehicles

(as amended on 24-12-2013)

In pursuance of Item 49.2 of article 49 of the Law of Ukraine "About compulsory insurance of civil responsibility of owners of land vehicles", Item 9 parts one of article 7 of the Law of Ukraine "About insurance", article 34 of the Law of Ukraine "About financial services and state regulation of the markets of financial services" and requirements of the subitem 8 of item 4 of the Regulations on State commission for regulation of the markets of financial services of Ukraine approved by the Presidential decree of Ukraine of April 4, 2003 No. 292/2003, and for the purpose of enhancement of state regulation of activities for provision of insurance services in compulsory insurance of civil responsibility of owners of land vehicles State commission on regulation of the markets of financial services of Ukraine

DECIDED:

1. Approve Licensed conditions of implementation of compulsory insurance of civil responsibility of owners of land vehicles (are applied).

2. The basis for implementation of activities for compulsory insurance of civil responsibility of owners of land vehicles is availability of the license for the right of implementation of the specified type of insurance issued according to these Licensed conditions.

3. Item 2.1.2 of Licensed conditions regarding exceeding of the actual inventory of solvency over normative for 25 percent becomes effective at least since January 1, 2006.

For date of provision of the statement on receipt of the license the applicant shall have excess of the actual inventory of solvency over settlement normative inventory of solvency according to requirements of article 30 of the Law of Ukraine "About insurance".

4. The requirement of Item 2.1.3 regarding profitability for the financial year preceding date of submission of documents on licensing becomes effective since January 1, 2006.

5. (Parnyuk V. O.) and to legal management (Tkachenko D. V.) to provide to department of insurance supervision provision of this order in the Ministry of Justice of Ukraine for state registration.

6. To management of organizational and analytical ensuring work of the head (Shevchenko T. M.) provide the publication of this order in mass media after its state registration.

7. Control of execution of the order to assign to the Commission chairman.

Commission chairman

V. Suslov

Approved by the Order of State commission on regulation of the markets of financial services of Ukraine of December 23, 2004 No. 3178

Licensed conditions of implementation of compulsory insurance of civil responsibility of owners of land vehicles

These Licensed conditions are developed according to requirements of the Laws of Ukraine "About financial services and state regulation of the markets of financial services", "About insurance", "About compulsory insurance of civil responsibility of owners of land vehicles", "About prevention and counteraction of legalization (washing) of income gained in the criminal way", the Presidential decree of Ukraine of July 22, 2003 No. 740/2003 "About measures concerning development of system of counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing", Regulations on the National commission performing state regulation in the field of the markets of financial services, No. approved by the Presidential decree of Ukraine of November 23, 2011 1070, and other regulatory legal acts governing the relations arising in the field of implementation of insurance activity on compulsory insurance of civil responsibility of owners of land vehicles.

These Licensed conditions establish mandatory strakhovikam of the requirement for receipt of the license for the right of implementation of insurance activity for compulsory insurance of civil responsibility of owners of land vehicles.

1. General provisions

1.1. In these Licensed conditions the stated below concepts are used in such value:

the license - the document of the state sample certifying the right of strakhovik to implementation of activities for compulsory insurance of civil responsibility of owners of the land vehicles on condition of fulfillment of requirements established by these Licensed conditions;

the separate division is the separate division located out of the location of strakhovik which is not legal entity and performs everything or part of functions of strakhovik concerning claim settlement of insurers under agreements on civil responsibility of owners of land vehicles, information on which is entered in the State register of financial institutions (further - the Register);

the applicant - strakhovik, filing documents for receipt of the license for the right of implementation of activities for compulsory insurance of civil responsibility of owners of land vehicles, renewal of the license, issue of the duplicate of the license.

the location - the actual place of conducting activities or arrangement of office from which daily management of activities of the legal entity is carried out (mainly there is management of the legal entity) and control and accounting are exercised;

doubtful data (information) - data on availability of discrepancies in information which contains in the documents filed by the insurer for receipt of the license and/or data on discrepancy of these documents of information which is available in Natskomfinuslug by results of accomplishment of the functions and tasks determined by the legislation, the licenses revealed by consideration of documents for obtaining.

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