Encyclopedia

Material circumstances


Material circumstances - at least those circumstances specifically stated by the insurer in the standard insurance contract form (insurance policy) or in its written request (ceased to be in force as of 2018-07-29)1.

Material circumstances - material circumstances include changes in product or geographical boundaries of the goods market, composition of sellers or buyers, loss by an economic entity of a dominant position2.

  1. Civil Code of the Russian Federation (Part Two) dated 26.01.1996 No. 14-FZ, as amended on 1996-08-12, Art. 944, para. 1, ceased to be in force as of 2018-07-29 // RSZ RF. 1996. No. 5. Art. 410. ↩

  2. Federal Law dated 26.07.2006 No. 135-FZ "On Protection of Competition", as amended on 2019-07-18, Art. 33, para. 11 // RSZ RF. 2006. No. 31. Art. 3434. ↩