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Mutual insurance


1. Citizens and legal entities may insure their property and other property interests specified in paragraph 2 of article 929 of this Code, on a mutual basis by pooling the necessary means for this purpose through mutual insurance societies.

2. Mutual insurance societies carry out the insurance of property and other property interests of their members and are non-profit organizations.

Source: "Civil Code of the Russian Federation (Part Two)" dated 26.01.1996 No. 14-FZ (as amended on 30.11.2011) (with amendments and additions coming into force from 01.01.2012)

2. Mutual insurance is the insurance of property interests of members of a society on a mutual basis by pooling the necessary means for this purpose within the mutual insurance society.

Source: Federal Law No. 286-FZ dated 29.11.2007 "On Mutual Insurance"

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