THE CONCEPT OF LIABILITY AND ITS INSURANCE

Authors

  • Azimjon Meliev Assistant, Department of Finance, Samarkand Institute of Economics and Service, Samarkand, Uzbekistan
  • Jakhongir Zaynalov Professor, Department of Finance, Samarkand Institute of Economics and Service, Samarkand, Uzbekistan

Keywords:

Insured, liability, financial liability, administrative liability, civil liability, losses, civil law, contract, risk.

Abstract

The article discusses the concept of liability and its insurance in accordance with current legislative acts in the Republic of Uzbekistan. An analysis of the features that have developed to date of the system of the Institute of Liability Insurance is carried out. It is noted that compensation for losses to victims must be guaranteed by the insurance company, regardless of the material or financial condition of the insured. Specific recommendations and proposals are given to improve the effectiveness of insurance and liability.

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Published

2023-12-28

How to Cite

Azimjon Meliev, & Jakhongir Zaynalov. (2023). THE CONCEPT OF LIABILITY AND ITS INSURANCE. Journal of Marketing and Emerging Economics, 3(12), 122–125. Retrieved from https://openaccessjournals.eu/index.php/jmee/article/view/2512

Issue

Vol. 3 No. 12 (2023): DECEMBER

Section

Articles