Finance21/09/2007MPs discuss regulatory framework for integration of MIACL
On 19 September, the Legislative Chamber of Oliy Majlis of the Republic of Uzbekistan held a meeting on the legal framework for and the conception of documents on integration of the mandatory insurance of auto-civil liability (MIACL) of the vehicle owners into practice in Uzbekistan.
The Chairman of the Committee for Legislation and Judicial-Legal Issues N. Ismailov presented the draft laws "On mandatory insurance of auto-civil liability of vehicle owners" and "On introduction of amendments and addenda to certain legislative acts of the Republic of Uzbekistan in view of adoption of the Law of the Republic of Uzbekistan "On mandatory insurance of auto-civil liability of vehicle owners", UzA reported.
The presentation of the draft laws was followed by a question-and-answer, in the course of which the MPs discussed the conception of the documents. In particular, they noted that mandatory insurance of auto-civil liability should become a full-value instrument of protection of the interests of both individual citizens and legal entities that suffer damages as a result of accidents involving means of transportation.
Particular attention was given to the need to clearly define the status of the parties in mandatory insurance, as well as the order and terms of compensation (coverage) of damages in insurance cases. The Legislative Chamber approved the main provisions of the draft laws, with due regard to the comments and suggestions made, and passed them in the first reading.