Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of August 20, 2003 No. 1307

About approval of the Procedure for calculation of rates in case of obligatory civil liability insurance for nuclear damage

(as amended on on December 22, 2010)

In pursuance of Item 5 of the Section V "Final provisions" of the Law of Ukraine "About the civil responsibility for nuclear damage and its financial provision" the Cabinet of Ministers of Ukraine decides:

1. Approve the Procedure for calculation of rates in case of obligatory civil liability insurance for nuclear damage which is applied.

2. Determine that the maximum size of annual insurance rate for providing financial covering of the civil responsibility of the operator of nuclear installation for nuclear damage constitutes 3,38 of percent of insurance sum, and for the operator of nuclear installation of rather Chernobyl nuclear power plant - 0,125 of percent of insurance sum.

3. This resolution becomes effective from the date of publication.

 

Prime Minister of Ukraine V. Yanukovych

Approved by the resolution of the Cabinet of Ministers of Ukraine of August 20, 2003, No. 1307

Procedure for calculation of rates in case of obligatory civil liability insurance for nuclear damage

1. This Procedure determines the mechanism of calculation of rates in case of obligatory civil liability insurance of the operator of nuclear installation for nuclear damage (further - rates).

2. Calculation of rates is carried out based on results:

assessment of damage caused to health of person owing to nuclear incident;

damage estimates for causing death owing to nuclear incident;

assessment of damage caused to property of person owing to nuclear incident;

the probabilistic analysis of severe accident on the power unit of nuclear power plant taking into account the protective allowance accepted in case of civil responsibility insurance for nuclear damage.

3. Calculation insurance net - rate is conducted on formula

Формула 1 к Пост. от 20.08.2003 года №1307

where And - damage assessment indicator for causing death, and also to health and property of person owing to nuclear incident;

In - insurance sum according to the legislation (150 million, and for research reactors of 5 million special drawing rights);

Р - the maximum probability of loss occurrence (taking into account the protective allowance).

4. Calculation insurance gross - rate is conducted on formula

Формула 2 к Пост. от 20.08.2003 года №1307

where f - loading coefficient which equals 0,2.

5. Calculation of the maximum annual rate is conducted on formula

Формула 3 к Пост. от 20.08.2003 года №1307

where With - the number of nuclear installations.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.