Compulsory Insurance Of Hazardous Objects For Civil Liability

On 16 and 19 July 2010 the State Duma passed and the Federation Council respectively approved the Federal Law No 225-FZ "On Compulsory Insurance of Civil Liability of the Owner of a Hazardous Object for Inflicting Damage as a Result of an Accident at the Hazardous Object" ("Law 225"). Law 225 was officially published on 27 July 2010.

Certain of the provisions of Law 225 came into force on the date of official publication (Articles 17 to 19 and 21 to 23 inclusive). These provisions regulated the establishment of a professional insurers' association ("PIA").

Most of the remaining provisions of Law 225 came into force on 01 January 2012. However, the provisions on the right to compensation payments from the PIA and the obligations to pay compensation by the PIA only came into force on 01 July 2012 (Articles 14 to 16 and Article 20).