INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 2, 2023 No. 6494-U

About the minimum (standard) requirements to conditions of implementation of voluntary insurance of valuable interests when implementing transactions with use of electronic instrument of payment

This Instruction based on the paragraph of third Item 3 of article 3 of the Law of the Russian Federation of November 27, 1992 No. 4015-I "About the organization of insurance case in the Russian Federation" establishes the minimum (standard) requirements to conditions of implementation of voluntary insurance of valuable interests when implementing transactions with use of electronic instrument of payment.

1. The insurer shall provide the following conditions of implementation of voluntary insurance of valuable interests of the client of the operator on money transfer when implementing transactions with use of electronic instrument of payment (further - transactions):

1.1. Insurance payment is made by the insurer in time, not exceeding 30 calendar days from the date of receipt of the statement for implementation of insurance payment, and also the documents necessary for implementation of insurance payment.

1.2. The amount of insurance payment when implementing transaction which amount is less or it is equal 100 000 rubles, it is determined by the insurer in the amount of the amount of such transaction. When implementing transaction which amount exceeds 100 000 rubles the amount of insurance payment is determined by the insurer in the amount at least 100 000 rubles.

1.3. Events in case of which approach the operator on money transfer shall according to parts 12, of the 13 and 15 article 9 of the Federal Law of June 27, 2011 to No. 161-FZ "About national payment system" shall be carried to the events which are not insured events (exception of insurance coverage) compensate to the client transaction amount.

1.4. The events connected only with loss or damage of electronic instrument of payment shall not be the events recognized by insured events.

2. This Instruction is subject to official publication and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of July 21, 2023 No. PSD-27) become effective since October 1, 2023.

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