Penalty
Penalty — a certain amount of money established by law or contract, which the debtor is obliged to pay to the creditor in case of non-performance or improper performance of an obligation, in particular in case of delay in performance. Upon request for payment of the penalty, the creditor is not required to prove that damage has been caused to him (ceased to be in force as of 2019-03-18)1.
Penalty — in the amount of one percent of the insurance premium under the compulsory insurance contract for each day of delay, but not exceeding the amount of the insurance premium under such a contract (ceased to be in force as of 2019-03-02)2.
Civil Code of the Russian Federation № article 130, paragraph 1, edition dated 1996-02-20, article 330, paragraph 1, ceased to be in force as of 2019-03-18 // Official Gazette of the Russian Federation. 1994. № 32. Article 3301. ↩
Federal Law of April 25, 2002 No. 40-FZ "On Compulsory Insurance of Civil Liability of Vehicle Owners", as amended on January 1, 2019, Article 16-1, paragraph 4, which became ineffective from March 2, 2019 // Official Gazette of the Russian Federation. 2002. No. 18. Item 1720. ↩