What do we know about equity insurance?

12:55 - 21.06.2019

June 21, Fineko/abc.az. A range of paragraphs of the general provisions of the Law on Insurance touch the question of equity insurance.

Those paragraphs say that the object of insurance can be insured by several insurers on the basis of one contract.

Such a contract should contain conditions defining the rights and obligations of each insurer on the agreed rates.

In addition, for joint insurance of high risks, insurers can create internal insurance on the basis of an agreement between them.

Also, one of the general insurers having obligations to the policyholder in the amount of its share may represent all partners in relation to the policyholder.

 

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