Encyclopedia

Guarantee Payment


A guarantee payment is a payment of a monetary amount from the fund for securing rights under life insurance contracts upon the occurrence of a guaranteed event to a person who has the right to receive payments under a life insurance contract1.

  1. Federal Law No. 477-FZ dated December 26, 2024 "On Securing Rights under Life Insurance Contracts". 2024, as amended on January 1, 2027, Article 2, paragraph 2. ↩

Laws with commentary

Codes and federal laws