ISSUES OF IMPROVING THE SYSTEM OF COMPENSATION PAYMENTS UNDER COMPULSORY CIVIL LIABILITY INSURANCE
DOI:
https://doi.org/10.47390/SPR1342V5I1Y2025N17Keywords:
vehicles, civil liability, compulsory insurance, economic efficiency, development of the insurance market, road traffic accidents, financial stability.Abstract
This article is dedicated to the economic significance of the system for ensuring the civil liability of vehicle owners and its regulatory issues. It provides an in-depth analysis of the current state of the insurance sector, existing problems, and their economic implications. The norms related to this type of insurance in the Civil Code of the Republic of Uzbekistan and the legislation of foreign countries are compared, focusing on their impact on economic efficiency. The article highlights the effects of the liability insurance system for vehicle owners on the economy, including reducing the costs of mitigating road traffic accident consequences, ensuring financial stability, and contributing to the development of the insurance market. Additionally, proposals and recommendations are provided to optimize the relationship between the insured and the insurer from an economic perspective. This research aims to enhance economic efficiency in the insurance sector, improve the regulatory legal framework, and further strengthen the insurance system's contribution to economic stability.
References
1. Laws of the Republic of Uzbekistan. (2008). Law on compulsory insurance of civil liability of owners of vehicles. Tashkent.
2. Civil Code of the Republic of Uzbekistan. (1996). Tashkent.
3. Karimov, A. (2020). Sug‘urta tizimidagi zamonaviy muammolar va ularni hal qilish yo‘llari. Iqtisodiyot va innovatsiyalar jurnali, 3, 45-52.
4. OECD. (2017). Guidelines on Insurance and Private Pensions. Paris: OECD Publishing.
5. Xalqaro sug‘urta tadqiqotlari to‘plami. (2021). Transport sug‘urtasi va moliyaviy barqarorlik. London: International Insurance Research.
6. Niyozov, R. (2018). Sug‘urta kompaniyalari faoliyatining huquqiy asoslari. Toshkent: TDIU nashriyoti.
7. O‘zbekiston Respublikasi Prezidentining qarori. (2019). Sug‘urta sohasini rivojlantirish bo‘yicha chora-tadbirlar. Toshkent.
8. Anderson, K., & Smith, P. (2019). Economic impact of motor insurance claims and settlements. Journal of Insurance Studies, 25(4), 112-128.
9. World Bank. (2020). Insurance and Financial Risk Management in Developing Countries. Washington, DC: World Bank Publications.
10. Azizov, Sh. (2021). O‘zbekistonda sug‘urta jarayonlarini avtomatlashtirish istiqbollari. Toshkent moliya instituti ilmiy axborotnomasi, 4, 58-65.
11. Akhmedov, . K. (2024). Analysis of Issues in Improving the Compensation Payment Mechanism under Compulsory Insurance for Civil Liability of Vehicle Owners: Uzbekistan and Global Experiences. American Journal of Economics and Business Management, 7(12), 1322–1330. https://doi.org/10.31150/ajebm.v7i12.3107.
12. Martseniuk, O. (2022). Current Trends And Problems Of The Market Of Civil Liability Insurance Of Vehicle Owners And Ways To Solve It. Publishing House “Baltija Publishing”.
13. Billah, M. M. (2011). The role of insurance in providing adequate compensation and in reducing pollution incidents: the case of the international oil pollution liability regime. Pace Envtl. L. Rev., 29, 42.
14. Kobilzhonova, S. F. (2024). Ways to improve the mechanism of property insurance in the Republic of Uzbekistan. International Journal of Economic Integration and Regional Competitiveness, 1(1), 9-20.
