Compulsory TPL insurance of travel operators and travel agents

The insurance is carried out on a basis of the Law of the Republic of Kazakhstan of 31 December 2003 No 513-II “On Compulsory Third Party Liability Insurance for Travel Operators and Travel Agents”.

 

The purpose of compulsory third party liability insurance of the travel operators and travel agents is providing property and (or) other interests protection of tourists, while carrying out the activity of travel operators and travel agents on providing the tourist services, by means of indemnity payment.

 

Object of insurance is property interest of travel operators and travel agents connected with their liability established by civil legislation of the Republic of Kazakhstan to reimburse damage incurred to property and(or) other interests of tourist while carrying out the activity on providing the tourist product.

 

Insurance event is a fact of occurrence of third party liability of travel operators and travel agents to reimburse damage incurred to property and (or) other interests of tourist while providing him with tourist services. Insurance event is considered to be occurred from the moment of the court decision on damage reimbursement coming into force and agreement of Insurer to accept the claims of travel operators and travel agents.

 

Amounts of sum insured and insurance premium:

 

	Amount of sum insured	Amount of insurance premium
Travel operators	not less than 4 000 MCI and not more than 10 000 MCI	1% from the sum insured
Travel agents	not less than 2 000 MCI and not more than 5 000 MCI	1,5 % from the sum insured

 

Conditional deductible — fivefold amount of the MCI per one insurance event and per each Beneficiary.

 

Insurance indemnity for damage incurred to life and health of Beneficiary is paid without applying a deductible.

 

Amount of insurance indemnity is determined by Insurer on the assumption of amount of tourist claim or court decision that has entered into force about reimbursement of incurred damage and should not exceed the amount of sum insured established by the insurance agreement. Moral damage, lost profit and forfeit payment are not subject to reimbursement.

 

Beneficiary is a tourist which was injured by travel operators and travel agents in connection with providing the tourist services, and in case of tourist’s death – his successors.