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Title

Improvement of the insurance legislation of Turkmenistan

On April, 8th, 2019 Esteemed President of Turkmenistan signed the Decree 1190, having confirmed "The Procedure of determination of amount of sum insured (insurance compensation), which is subject to payment, depending on severity level of the damage connected with insured event"

In respect obligatory and voluntary types of insurance carried out according to Turkmenistan legislation, in case of getting injured by the insured person as a result of insured event on the amount of the sum insured (insurance compensation) subject to payment relevant to severity level of injury is determined on the basis of the attached to the Procedure "Table of determination of sum insured (insurance compensation), subject to payment, depending on severity level of injury connected with insured event".