Minimum insurance amount under the compulsory insurance policy of the insolvency administrator's liability – definition and meaning of "Minimum insurance amount under the compulsory insurance policy of the insolvency administrator's liability"

The minimum insurance amount under the compulsory insurance policy for the liability of a bankruptcy administrator is three million rubles per year¹.

Federal Law No. 195-FZ dated July 19, 2009, "On Amending Certain Legislative Acts of the Russian Federation" dated July 19, 2009, as amended on December 29, 2015, Article 3, subpara. 7 // RSZ RF. 2009. No. 29. Art. 3632. ↩