Act No. 85 / 1952 Coll.
Insurance Act
Valid
Effective from 01.01.1953
85.
Law
of 11 December 1952
insurance.
The National Assembly of the Czechoslovak Republic decided on the following Act:
General provisions.
(1) In order to enable the insurance sector, in line with the development of the national economy, to carry out its task of building socialism effectively, in particular by creating an insurance fund to compensate for the damage caused to cooperatives and local economies and citizens from random events, its activities and organisation are regulated.
(2) Insurance includes insurance and reinsurance.
Insurance.
Legal circumstances.
(1) The Czechoslovak Insurance Company ceases to be a national undertaking and is organised as a State Insurance Institute; The Institute is called the State Insurance Company.
(2) The State Insurance Company is the main administration in the Ministry of Finance and its bodies, the regional administration for Slovakia, the regional administration and inspectors.
(1) The State Insurance Company is a legal person; it shall operate according to the principles of chozasčet and shall compile a separate balance sheet.
(2) The assets which the State Insurance Corporation has in its management cannot be claimed to satisfy the State's claims. the State does not guarantee the liabilities of the State Insurance Corporation.
Activity.
(1) The State Insurance Company has an exclusive right in the territory of the Czechoslovak Republic to operate the insurance of assets and persons through compulsory and voluntary insurance.
(2) The state insurance company is involved in the collection of the provisions of the directives issued by the Ministry of Finance in agreement with the participating ministries.
(3) The exclusive right of the State Insurance Company to pursue the insurance of persons does not affect the insurance of benefits under national insurance rules and similar rules.
(1) The damage to fire, hail and others determined by the government shall be compulsorily insured:
(a) national assets in the management of the national committees and agricultural assets taken up by them under the special rules into their own management;
(b) national assets in the management of undertakings involved in the budgets of the national committees and housing assets in the national administration of those undertakings;
(c) crops, livestock and other movable goods of single agricultural cooperatives.
(2) National assets in the administration of state bodies, in so far as they are not national committees, and in the administration of national undertakings are not covered. Exceptions shall be laid down by the Government on a proposal from the Minister of Finance.
(1) The government shall determine the scope and conditions of compulsory insurance.
(2) The Government may decide to introduce other types of compulsory insurance or to extend compulsory insurance to a further range of persons. The government may also limit compulsory insurance.
The provisions on insurance of statutory liability for the operation of motor vehicles remain unaffected.
The Ministry of Finance determines which types of voluntary insurance can be operated and issues insurance conditions and rates for them.
The employees of the State Insurance Corporation are civil servants in the field of the Ministry of Finance.
Cooperation with national committees.
National committees shall cooperate with the authorities of the State Insurance Corporation, monitor their activities and assist them in carrying out their tasks.
Status.
The organisation and competence of the State Insurance Corporation, the method of its management, as well as the type and amount of its funds shall be determined by the Statute issued by the Minister of Finance after approval by the Government.
Foreign risk insurance and reinsurance.
The government, acting on a proposal from the Minister for Finance, shall adjust the insurance and reinsurance of foreign risks.
Final provisions.
(1) The state insurance company is registered as national undertakings.
(2) The entries in the public books and in the company register necessary to indicate the facts resulting from this Act shall be carried out by the courts, acting on a proposal from the State Insurance Authority, referring to that Act.
Regulations contrary to this law are repealed, in particular:
1. Act No. 190 / 1950 Coll., on Tasks and Organisation of Insurance,
2. Sections B, C, D and E of Regulation No 31 / 1896, and the provisions are amended and supplemented;
3. Regulation No 521 / 1917 establishing certain amendments to the Regulation of 5 March 1896 No 31 on the establishment, establishment and management of insurance undertakings ("insurance regulatory"),
4. Government Decree No. 238 / 1921 Coll., supplementing the rules on insurance regulations on the deposit of capital of insurance undertakings,
5. Sections B, C, D and E of Decree-Law No 307 / 1922 Coll.,
6. Act No. 147 / 1934 Coll., on the security of claims of policyholders in private insurance and on State supervision of private insurance companies,
7 Article I and II of Decree-Law No 331 / 1942 Coll.
This Act shall take effect on 1 January 1953; it shall be implemented by the Finance Minister in agreement with the participating members of the Government.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Cable v. r.
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Regulation Information
| Citation | Act No. 85 / 1952 Coll., on Insurance |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 22.12.1952 |
|---|---|
| Effective from | 01.01.1953 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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