The Financial Supervisory Authority proposes to change the list of insured events

Виктор Сизов Economy
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- The Financial Supervision Authority has initiated changes to the list of insured events. A bill with these amendments was submitted by the Cabinet of Ministers for consideration by the Jogorku Kenesh at the end of January.

On February 23, the parliamentary committee dealing with finance, budget, entrepreneurship, and competition development plans to discuss the proposed changes.

It is proposed to amend the law that regulates mandatory insurance of residential premises against fires and natural disasters.

According to the current version, insured events are divided into four categories:

1) fire;

2) flooding as a result of firefighting measures;

3) natural disasters of natural origin;

4) dismantling and relocating insured housing to a safe zone to prevent damage during natural disasters.

Under the new version, it is proposed to lower the threshold values for a number of natural disasters that trigger an insured event.
“strong wind”
Current standardNew standard
25 m/s20 m/s
“heavy snowfall”
Current standardNew standard
200 mm in 12 hours150 mm in 12 hours
“hail”
Current standardNew standard
hailstone diameter from 20 mmno size restrictions
“earthquake”
Current standardNew standard
6 points and above5 points and above
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