Compulsory Third Party Liability Insurance for the Operation of Hazardous Production Facilities

INSURANCE OBJECT — the property interests of the Insured related to the occurrence of civil liability for compensation for harm caused to life, health and (or) property of other persons and the environment in the event of an accident at a hazardous production facility operated by the insured.

INSURER — Insurers may operate organizations operating hazardous production facilities

OTHER PERSONS  persons (individual, legal entity or state) who have the right to sue the policyholder for harm to life, health and (or) property and the environment in the event of an accident at a hazardous production facility.

ACCIDENT — destruction of a structure and (or) technical device used at a hazardous production facility, uncontrolled explosion and (or) release of hazardous substances that occurred during the period of the insurance contract.

INSURANCE PERIOD  1 YEAR
Geographical area - Republic of Uzbekistan

Calculation Method
Insurance amounts and insurance premiums

Type of OHPF

Minimum size
insurance amount
(in BRV *)

Insurance Premium (annual rate)

First

250 000

0,1%

Second

50 000

0,08%

Third

10 000

0,13%

* BRV (basic calculated value) - 223,000 soums


Based:

1. Article 20 of the Law of the Republic of Uzbekistan “On Industrial Safety of Hazardous Production Facilities” No. 57 dated September 28, 2006:
“Responsibility for causing harm to the life, health and (or) property of others and the environment in the event of an accident at a hazardous production facility is subject to compulsory insurance in the manner prescribed by law.”

2. The regulation on the procedure for compulsory insurance of civil liability for causing harm to life, health and (or) property of others and the environment in the event of an accident at a dangerous facility (Appendix No. 5 to PKM RU No. 271 dated December 10, 2008. “On additional measures for implementation of the Law of the Republic of Kazakhstan “On Industrial Safety of Hazardous Production Facilities”).