Social and Economic Importance of the Formation of Insurance Relations


  • (1)  Habibullayev Abrorjon Ahmadali’s son            Student of Namangan State University  
            Anguilla
    (*) Corresponding Author

Keywords:

Insurance, economic importance, recover damage, insurance organization, legal entities, compensation, insurance fund, stated damage.

Abstract

Insurance relationship is a method of compensation of damages between injured individuals or legal entities and their equal distribution among the majority of individuals (insurance self-indemnity). Damage compensation is carried out through the means of the insurance fund within the insurance organization (insurer). In insurance, the objective claim is based on the compensation of the stated damages. Generally (natural disasters) it is beyond human control and does not lead to legal liability of any citizens. In such cases, no one will be able to recover damages from anyone else, and they will be at the expense of the victim's own property.

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References

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Published

2023-10-09

How to Cite

Habibullayev Abrorjon Ahmadali’s son. (2023). Social and Economic Importance of the Formation of Insurance Relations. Middle European Scientific Bulletin, 41, 31-35. Retrieved from https://cejsr.academicjournal.io/index.php/journal/article/view/1910

Issue

Vol. 41 (2023): Middle European Scientific Bulletin

Section

Education
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