Amendments to the insurance legislation have come into force

In 2016 amendments have come into force made by the Federal Laws of the RF of 14.12.2015 №374-FL «On amendments to the Federal Law «On compulsory medical insurance in the RF» and certain legislative acts of the RF»; of 30.12.2015 №432-FL «On amendments to the article 25 of the RF Law «On organization of insurance system in the RF» and the Federal Law «On compulsory medical insurance in the RF»; of 09.03.2016 №55-FL «Оn amendments to the articles 48 and 13 of the Federal Law « On compulsory medical insurance in case of temporary incapacity to work and in case of maternity»»; of 09.03.2016 №56-FL «On amendments to the Federal Law «On compulsory insurance of civil responsibility of hazardous facility owner for causing of harm in consequence of incident on hazardous facility».

Adopted amendments make significant changes to the insurance legislation.

In particular, regulations to the amount of the share capital of insurance medical companies are hardened. Since January 1, 2017 the share capital must be not less than 120 mln RUB. The year 2016 is oriented to accomplish this regulation. Besides, insurance medical companies are again obliged to form reserve fund that must be used for financing of medical staff education, purchase and repair of medical equipment.

If the company is in process of bankruptcy, Social insurance Fund pays benefit to employees – the list of similar cases is updated.

The system of insurance agents responsible for fulfillment of medical treatment regulations come into use. This function is delegated on the insurance company, and conditions are provided in contract between compulsory medical insurance fund and insurance medical organizations.

Participation interest of the Social insurance Fund is increased up to 60% in the financing program of medical workers coming for work to the countryside.

The companies managing multi-dwelling units are obliged to insure hazardous facilities. An organization providing works on maintenance, capital repair and modernization of hazardous facilities or an organization exploiting hazardous facility must be responsible for insurance.

The list of insurance cases is significantly completed and amount of the insurance payouts for physical and legal entities are increased, in certain cases to 2 mln RUB.

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