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Finance 04/12/2010 Senate introduces changes and amendments to law “On insurance activity”
Senate introduces changes and amendments to law “On insurance activity”
Tashkent, Uzbekistan (UzDaily.com) -- Senate of Oliy Majlis of Uzbekistan approved a law “On introduction of changes and amendments in articles of 15 and 18 of the law “On insurance activity” on 3 December 2010.

The main goal of the law is to improve legislation of Uzbekistan on insurance activity.

Senators noted that the reforms of insurance market of Uzbekistan required adoption of the law. The law is based on legislation of Uzbekistan, regulating insurance and licensing of separate types of activities in Uzbekistan.

The changes and amendments envisage abolishment of barriers on single implementation of legislation on insurance activity and strengthening practice of licensing insurance companies and brokers’ activities.

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