Organization of insurance activities

The law on the organization of insurance business in Russia, the following organizational-legal forms of existence of insurance companies.

Insurers recognized as legal entities of any form of ownership under the laws of Russia, created for the insurance activities, it is insurance companies and mutual insurance societies. Possible legal forms for insurance companies – are stock companies and limited partnership (limited partnership).

All these forms have some common features:

1. collective ownership and management;

2. limited characteristics of the property responsible members of society and the shareholder, under which only means he risks embedded in the enterprise;

3. Each shareholder has a share of the profits distributed to dividends;

4. unified management scheme, which includes three collegiate body:

Ø General Meeting;

Ø The Board of Directors (Supervisory Board);

Ø Board.

5. each member company has in the General Meeting, the number of votes, which corresponds to its share in the authorized capital.

These forms of property differ from one another way to implement property rights owners [1].

Mutual credit societies

Allowed RF legislation.

Allied is created on a territorial basis, their differences from other insurance companies:

1. policyholder is also the co-owner, pays annual dues to the insurance fund and insurance if he makes the claim;

2. in unprofitable years, members of Allied make additional contributions to ensure the solvency of the fund;

3. Allied does not aim to profit and capital accumulation.

In addition to insurers in the insurance market operating and insurance intermediaries – is:

- insurance agents – they are employees of insurance companies entering into insurance contracts with clients. There are agents of Class “A” and subagenty [2].

- insurance brokers (brokers) – they work commissioned by clients and are looking for their insurance companies that meet all necessary requirements and upon the occurrence of damage to negotiate with the insurer, speaking on the client side, for certain fees. There may be as jur. and nat. persons.

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