Rus News Journal

The Ministry of Finance prepares amendments to the bill of insurance of shareholders

the Ministry of Finance prepares the block of amendments in the bill of obligatory insurance of responsibility of builders before shareholders which the State Duma has already considered in the first reading in spring session.

the Basic changes offered by department, are connected with expansion of tools which builders for execution of the obligations can use. In particular, they can not only form guarantee funds on the basis of specially created societies of a mutual insurance, but also to get policies of assurance of responsibility at insurers .

According to the director of department of risks of National insurance and credit agency (NSKA) Boris Sharonov, now the law on obligatory insurance in Russia can bring more harm, than advantage. According to experts, real estate cost at an early stage of building will grow to 20 %. Besides, obligatory insurance in itself does not motivate the builder honesty to build. Differently, to the builder can be more favourable to go bankrupt, than to execute the obligations to shareholders as for it before investors the society of diligent builders or the insurance company will answer.