The general exceptions to the agreements between insurers operating on the same commodity market, the order of implementation of joint insurance or reinsurance activities are approved
The general exceptions to the agreements between insurers operating on the same commodity market, the order of implementation of joint insurance or reinsurance activities are approved
The Decree does not apply to the insurance or reinsurance
contracts signed by several insurers or re-insurers with one
insured, as well as to agreements for the insurance of property
interests of one policyholder.
Insurers who intend
to make an agreement for the implementation of joint insurance
or reinsurance activities, which may be deemed permissible under
the antimonopoly laws of the Russian Federation taking into
consideration
the General exceptions have the right to apply to an antimonopoly
authority in order to verify compliance of the agreement draft
with the antimonopoly legislation of the Russian Federation
in order stated by
article 35 of the Federal Law N 135-ФЗ "On Protection of
Competition" dated 26th of July 2006.
