Encyclopedia

Financial Guarantee of the Tour Operator's Liability


The financial assurance of the tour operator's liability is an insurance contract or contracts providing insurance for civil liability arising from non-performance of obligations under a contract for the implementation of a tourist product and (or) a bank guarantee or bank guarantees for performance of obligations under a contract for the implementation of a tourist product1.

  1. Federal Law No. 132-FZ of November 24, 1996 "On the Basics of Tourism Activities in the Russian Federation", as amended on March 1, 2026, Article 4.1 // Official Gazette of the Russian Federation. 1996. No. 49. Item 5491. ↩

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