Compulsory ecological insurance
The insurance is carried out on a basis of the Law of the Republic of Kazakhstan “On Compulsory Ecological Insurance” No 93-III LRK of 13 December 2005.
The purpose of compulsory ecological insurance is reimbursement of damage incurred to life, health, property of third parties and (or) environment in a result of its emergency pollution.
Object of compulsory ecological insurance is property interest of person which executes ecologically dangerous types of household and other activity connected with his liability established by the civil legislation of the Republic of Kazakhstan, to reimburse damage incurred to life, health, property of third parties and (or) environment in a result of its emergency pollution.
Insurance event according to the insurance agreement is a fact of occurrence of third party liability of Insured to reimburse damage incurred to life, health, property of third parties and (or) environment in a result of its emergency pollution.
Sum insured is established according to the compulsory agreement of ecological insurance concluded by parties, but the minimum amount of the sum insured should be pro rata to:
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Individual entrepreneurs
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5 000 MCI
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Legal entities
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65 000 MCI
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Third party liability insurance for damage incurred to environment
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17 000 MCI
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Insurance rate is fixed by parties agreement in the limits of 0,59% till 2,65% from the amount of the sum insured.
