supervision of insurance activities

The content and functions of insurance supervision
The activities of insurance organizations is fundamentally different from the activities of other operators, as well as to protect the property interests of individuals and entities to unforeseen circumstances, accidents and natural disasters. Thus, each case has its own individual characteristics, as in nature, and the most damage.

Application of risk in the magnitude of the damage becomes catastrophic in some cases, generating large losses of human lives and material resources.

The high proportion of the insurer from liability for the consequences of the action requires a special organization of state surveillance. The State can not stay away from the insurance business, the interests of the population and the economy as a whole. That is why the question of state supervision of the insurance business were highlighted in a separate chapter of the Law "On organization of insurance business in Russia."

The law, in particular, the roller, which the State supervision of insurance activity is carried out to comply with the requirements of the law on insurance of RF, the effective development of insurance services, protection of rights and interests of policyholders, insurers and other interested persons and the State.

In accordance with Regulation "On the Russian Federal Service for Supervision of the insurance company" Rosstrahnadzora main functions are:
• Maintaining the register of insurers and insurance associations;
• Addressing the issue of granting a license for insurance activity;
• overseeing the adequacy of insurance rates and ensure the solvency of insurers;
• establishing standards of training and placement of insurance reserves, targets and forms of insurance operations and the reporting of insurance activity;
Since 1997 - Department of Insurance Supervisors.
• Develop regulations and guidance documents
of insurance activity;
• generalization of the practice of insurance business;
• Ensure transparency of insurance activities (each, a professional who deals with insurance business, is required to publish a complete, accurate and clear information on its financial position and should check Rosstrahnadzor
reliability of the data);
• Maintaining law and order in the industry. Rosstrahnadzor case of violations of law, take administrative measures against those who act against the interests of policyholders, introduced the panel questions about the
limitation, suspension or revocation of a license to conduct insurance business.

But unfortunately, unlike the bodies of foreigners Rosstrahnadzor is not responsible for the obligations of the insurance organizations, has no right to interfere in its operations, including the application of insurance payments.

If the insurer does not comply with its obligations under contracts entered into by clients, insurers may apply to the court against the insurance company payments seguro.