Realization of compensatory payments

Article 27. A professional association duty on realization of compensatory payments

1. By constituent documents of professional association its duty on realization of the compensatory payments provided by the present Federal law, and concerning members of professional association - them субсидиарная responsibility under corresponding obligations of professional association should be established.
2. Requirements of victims about the compensatory payments provided by subparagraphs "and" and of point 1 and point 2 of article 18 of the present Federal law, are satisfied with professional association at the expense of the means directed by members of professional association from reserves of guarantees (point 3 of article 22 of the present Federal law), and also the means got from realization by professional association of the driver's license of the requirement, provided by point 2 of article 20 of the present Federal law.
(In ред. The federal law from 7/21/2005 N 103-FZ)
(The text in the previous edition) see
Requirements of victims about the compensatory payments provided by subparagraphs "in" and "г" of point 1 of article 18 of the present Federal law, are satisfied with professional association at the expense of the means directed by members of professional association from reserves of current compensatory payments (point 3 of article 22 of the present Federal law), and also the means got from realization by professional association of the driver's license of the requirement, provided by point 1 of article 20 of the present Federal law.
(In ред. The federal law from 7/21/2005 N 103-FZ)
(The text in the previous edition) see
3. Established according to point 1 of present article субсидиарную members of professional association bear responsibility:
Under obligations of professional association regarding realization of the compensatory payments provided by subparagraphs "and" and of point 1 and point 2 of article 18 of the present Federal law, within the reserves of guarantees generated by them;
(In ред. The federal law from 7/21/2005 N 103-FZ)
(The text in the previous edition) see
Under obligations of professional association regarding realization of the compensatory payments provided by subparagraphs "in" and "г" of point 1 of article 18 of the present Federal law, within the reserves of current compensatory payments generated by them.
(In ред. The federal law from 7/21/2005 N 103-FZ)
(The text in the previous edition) see

Article 28. Property of professional association of insurers

1. The property of professional association of insurers is formed for the account:
The property transferred to professional association by its founders according to articles of incorporation of professional association;
Entrance fees, membership dues, target payments and other obligatory payments paid in professional association by its members according to rules of professional association;
The means received from realization of the rights of the requirement, provided by article 20 of the present Federal law;
Voluntary payments, means from other sources.
The professional association property can be used exclusively with a view of for the sake of which the professional association is created.
2. The means intended for financing of compensatory payments, stand apart from other property of professional association.
Thus the means intended for financing of compensatory payments, provided by subparagraphs "and" and point 1 and point 2 of article 18 of the present Federal law, stand apart from the means directed on financing of compensatory payments on other bases.
(In ред. The federal law from 7/21/2005 N 103-FZ)
(The text in the previous edition) see
The means intended for financing of compensatory payments, are reflected in separate balances of professional association, and on them the separate account is conducted. For calculations on the activity connected with realization of each of specified kinds of compensatory payments, professional association the separate bank account opens.
2.1. With a view of performance of the financial obligations to participants of the international systems of insurance the professional association of insurers forms fund of current obligations.
(Item 2.1 is entered by the Federal law from 12/1/2007 N 306-FZ)
3. Investment is temporary professional association available assets is carried out on the terms of a diversification, a reflexivity, profitableness and liquidity is exclusive with a view of preservation and a gain of these means.
Investment directions it is temporary professional association available assets are defined by the annual plan confirmed by general meeting of members of professional association.
4. By federal enforcement authority on supervision of insurance activity requirements concerning the minimum sum of means for financing of the compensatory payments which are provided by subparagraphs "and" and of point 1 and point 2 of article 18 of the present Federal law and being on the bank account of professional association can be established.
(In ред. The federal law from 7/21/2005 N 103-FZ)

5. The means received by professional association from realization of the rights of the requirement, provided by article 20 of the present Federal law, go for financing of compensatory payments.
6. Financial activity of professional association of insurers is subject to obligatory annual auditor check.
The independent auditor organization and treaty provisions which the professional association of insurers is obliged to conclude with it, affirm general meeting of members of professional association.
7. The annual report and the annual balance sheet of professional association after their statement general meeting of members of professional association are subject to publication annually.
Article 29. Payments and other obligatory payments of members of professional association
The size, order of payment by members of professional association of insurers of payments, contributions and other obligatory payments in professional association are established by general meeting of members of professional association according to the present Federal law, other standard legal certificates of the Russian Federation and constituent documents of professional association. For realization by insurers of operations on insurance within the limits of the international systems of insurance by constituent documents of professional association of insurers other order of an establishment of the size and payment of obligatory payments can be provided.

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