Financial Risk Insurance
Financial risk insurance is a type of insurance where the subject of the insurance contract are property interests, not in conflict with the law, related to financial (material) losses as a result of breach of contractual obligations to the insured or events stipulated in the insurance contract.
This type of insurance provides for the insurer's obligation to pay indemnity in accordance with the terms of the insurance contract by reimbursing the insured or another person designated by the insured in the insurance contract (beneficiary) for losses incurred as a result of business interruption, breach of contractual obligations (non-performance or improper performance by the counterparty of contractual obligations to the insured) or other events stipulated in the insurance contract.
The terms and conditions of voluntary financial risk insurance may provide for insurance against damage to the insured or another person specified in the insurance policy (beneficiary) as a result of loss of ownership of property, loss of employment and/or income, inability to travel for reasons specified in the rules and the insurance policy, unforeseen financial expenses and financial losses related to payment card transaction risks.
Investment insurance is a type of insurance where the subject of the insurance contract are property interests, not in conflict with the law, related to investment activities of the insured or another person designated by the insured in the insurance contract. This type of insurance provides for the insurer's obligation to pay indemnification in accordance with the insurance policy by compensating the insured or another person designated by the insured in the insurance policy (the beneficiary) for the loss incurred in the course of investment activities as a result of the loss of investments or a part thereof, failure to receive investment income for reasons specified in the regulations and the insurance policy. Read more Loan Insurance (Liability for Loan Default) - Reference Books Loan insurance (including borrower's liability for loan default) is a type of insurance where the subject of the insurance contract are property interests that do not…
Loan Insurance (Liability for Loan Default)
Loan insurance (including borrower's liability for loan default) is a type of insurance where the subject of the insurance contract are property interests that do not contradict the law and are related to Losses incurred by the Insured (Lender) as a result of non-repayment or incomplete repayment of the loan and/or interest accrued thereon by the Borrower Liability of the Insured (Borrower) to the Lender for non-payment or incomplete repayment of the Loan and/or interest accrued thereon in accordance with the Loan Agreement. This type of insurance provides for the Insurer's obligation to pay indemnity in accordance with the terms and conditions of the Insurance Contract by compensating the Lender…
Civil liability insurance (other than that provided for in paragraphs 12-14 of Article 6 of the Law of Ukraine "On Insurance") is a type of insurance other than civil liability insurance of owners of land, air and water transport (including carrier's liability), where the subject of the insurance contract are property interests that do not contradict the law on compensation for damage caused by the insured or another person whose civil liability is insured to life, health, ability to work or property of third parties. This type of insurance provides for…