Warranty Case
A guarantee event is a reduction in the size of the reserve of the Russian Federation Pension and Social Insurance Fund under mandatory pension insurance below the minimum level determined in accordance with the procedure established by the Government of the Russian Federation1.
A guarantee event is the revocation of a license from an insurance company or foreign insurance company (hereinafter - insurer) to conduct voluntary life insurance, except for the revocation of the aforementioned license from the insurer on the grounds provided in subpoint 7 of paragraph 2.1 of article 32.8 or subpoint 7 of paragraph 2 of article 33.8 of the Law of the Russian Federation dated November 27, 1992, No. 4015-I "On the Organization of Insurance Activities in the Russian Federation"2.
Federal Law No. 422-FZ of December 28, 2013 "On Ensuring the Rights of Insured Persons in the System of Compulsory Pension Insurance of the Russian Federation when Forming and Investing Pension Savings Funds, Establishing and Implementing Payments from Pension Savings Funds". 2013, as amended on January 1, 2023, Article 6, paragraph 5. ↩
Federal Law No. 477-FZ of December 26, 2024 "On Ensuring the Rights under Life Insurance Contracts". 2024, as amended on January 1, 2027, Article 2, subparagraph 3. ↩