forms of insurance

Along with the classification of insurance by industry sub-sectors and types of isolated forms of insurance.

In accordance with the Civil Code and st.927 Clause 2 of Article 3 of the law "On organization of insurance business in the Russian Federation," differentiates between two forms of insurance: compulsory and voluntary. If we are talking about the division of insurance for public and private, here is a selection criterion for ownership of the insurance organization. If an organization is owned by private persons (legal and / or physical), then it has carried out include insurance to private insurance. If the insurance company is owned by the State, such insurance, in accordance with the historical tradition in this country, called the state. However, remember that the current Civil Code Art. 969 determines the state insurance as compulsory insurance, which is carried out with funds specifically allocated for its implementation from the appropriate budget to ministries and other federal government bodies, which act as insurers. Therefore, meeting the term 'public insurance' in local publications, it must be remembered that in Russia today the term is used with different meanings