Encyclopedia
Compensatory Payments
12) compensatory payments - payments made by the professional association of insurers in lieu of damages caused to the injured party in cases established by this Federal Law. compensatory payments - payments made in accordance with this Federal Law in cases where an insurance payment under a compulsory insurance policy or reimbursement to an insurer that has carried out direct damage compensation in accordance with the agreement on direct damage compensation concluded pursuant to Article 26.1 of this Federal Law, in lieu of an insurance payment, cannot be made;