Insurer
Insurance contracts may be concluded by legal entities that have permits (licenses) to conduct insurance of the relevant type.
The requirements that insurance organizations must meet, the procedure for licensing their activities and the implementation of state supervision over these activities are determined by insurance laws.
Source: "Civil Code of the Russian Federation (Part Two)" from 26.01.1996 No. 14-FZ (version as of 30.11.2011) (with amendments and additions coming into force on 01.01.2012)
1. Insurers - legal entities established in accordance with the legislation of the Russian Federation for conducting insurance, reinsurance, mutual insurance and having obtained licenses in the manner prescribed by this Law
Source: Law of Russia dated 27.11.1992 No. 4015-1 (version as of 30.11.2011) "On the Organization of Insurance Activities in the Russian Federation" (with amendments and additions coming into force on 01.01.2012)