Mandatory Liability Insurance Contract
Mandatory liability insurance contract — the subject of mandatory liability insurance contract of an appraiser's liability when carrying out appraisal activities (hereinafter referred to as the mandatory liability insurance contract) are property interests related to the risk of the appraiser's (insured party) liability arising from obligations resulting from causing damage to the client who has concluded a contract for conducting an appraisal, and/or third parties1.
Federal Law of July 29, 1998 No. 135-FZ "On Appraisal Activities in the Russian Federation", as amended on October 1, 2019, Article 24.7 // Official Gazette of the Russian Federation. 1998. No. 31. Article 3813. ↩