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RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of November 10, 2010 No. 1033

About approval of procedures and rules of compulsory insurance in the sphere of space activities

(as amended on 11-08-2021)

According to article 24 of the Law of Ukraine "About space activities" and Item "About insurance" the Cabinet of Ministers of Ukraine decides 25 parts one of article 7 of the Law of Ukraine:

1. Approve applied:

The paragraph two is excluded according to the Resolution of the Cabinet of Ministers of Ukraine of 11.08.2021 No. 832

Procedure and rules of compulsory liability insurance concerning the risks connected with preparation for start of the space equipment at the spaceport, start and operation it in space.

2. No. 832 is excluded according to the Resolution of the Cabinet of Ministers of Ukraine of 11.08.2021

Prime Minister of Ukraine

N. Azarov

Approved by the Resolution of the Cabinet of Ministers of Ukraine of November 10, 2010 No. 1033

The procedure and rules of compulsory insurance of objects of space activities (space infrastructure) which are property of Ukraine concerning the risks connected with preparation for start of the space equipment at the spaceport it in space is excluded by start and operation according to the Resolution of the Cabinet of Ministers of Ukraine of 11.08.2021 No. 832

Approved by the Resolution of the Cabinet of Ministers of Ukraine of November 10, 2010 No. 1033

Procedure and rules of compulsory liability insurance concerning the risks connected with preparation for start of the space equipment at the spaceport, start and operation it in space

1. Compulsory liability insurance concerning the risks connected with preparation for start of the space equipment at the spaceport, start and operation it in space (insurance is farther), is directed to compensation of the damage caused to life, health and property of the victims during implementation of activities for preparation for start of the space equipment at the spaceport, start and operation it in space.

2. In these the Procedure and rules the terms below are used in the following value:

start - the actions directed to removal by the carrier rocket (including removal attempt) the spacecraft, the accelerating block, other object from the Earth's surface into settlement orbit in space;

essential circumstances of insurance risk - circumstances, information on which is provided by the insurer in the insurance application and data about which are given them separately at the request of the insurer during the conclusion or validity of insurance, and also other circumstances, information on which has essential value for assessment of insurance risk and is such by which the insurer is guided for decision making about insurance and for establishment of essential terms of the contract of insurance;

objects of space activities (space infrastructure) (further - objects of space activities) - carrier rockets, spacecrafts, accelerating blocks and other objects intended for space launch;

the insurance period - the period specified in the insurance contract between start date of activities and end date of risk during which the insurer provides insurance under the agreement;

preparation for start - actions which are performed for preparation of object of space activities for start;

return to Earth - directed actions concerning return (including return attempt) object of space activities from terrestrial orbit or from space to Earth and management of return;

the victims - foreign states, the third parties (legal and physical), to life, health and/or property of which as a result of implementation of activities for preparation for start of the space equipment at the spaceport, to start and operation it in space, harm is done;

the insurer - the legal entity who is owner of objects of space activities;

insurers - financial institutions which obtained in accordance with the established procedure the license for carrying out compulsory liability insurance concerning the risks connected with preparation for start of the space equipment at the spaceport, start and operation it in space;

insurance risks - risks of origin at the insurer of obligation to indemnify the loss caused by object of space activities:

on the Earth's surface or in flight to the aircraft;

to other object of space activities, persons or property onboard such object in any other place, except the Earth's surface;

insured event - origin at the insurer of obligation to indemnify the loss caused by object of space activities to the victim;

the authorized commission - group of specialists which will in case of need be formed by the insurer solely or together with authorized body of foreign state for determination at the national or interstate level of the reasons of approach with object of space activities of event which can be acknowledged as insured event.

Other terms are used in the value given in the Laws of Ukraine "About space activities" and "About insurance".

3. Insurers are involved in liability insurance implementation on the competitive principles according to the procedure, established by the legislation.

Insurers who can be involved in insurance shall have experience of activities in the insurance market at least three years. At the same time resident insurers can be involved in insurance implementation also provided that the influence measures provided by Items 4-7 of part one of article 40 of the Law of Ukraine "About financial services and state regulation of the markets of financial services" were not applied to them.

4. The subject of the agreement of liability insurance are valuable interests which do not contradict the law and are connected with compensation by the insurer of the harm of life done to them, to health and/or property of the victim.

5. Events which happened as a result are not considered as insured events:

wars, invasions on the territory of the state of troops of the opponent, hostile or other military operations irrespective of, war is declared or not;

strikes or other methods of the solution of employment disputes, civil conflicts, mass riots and counteraction by it by public authorities;

confiscations, nationalization, arrest, assignment by foreign state of object of space activities;

malicious actions, acts of terrorism, sabotage;

negative impact of ionizing radiation of any sources;

noise (which is perceived or is not perceived by human ear) vibrations, acoustic blow and other phenomena which are connected with it;

electromagnetic obstacles or radio noise;

any pollution and infection;

creations of obstacles to use of object of space activities if only they are not caused or did not turn out to be consequence of accident, collision or approach of other event which is caused/is caused by object of space activities.

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