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REPUBLICAN EXECUTIVE AUTHORITIES AND PUBLIC
CONTROL OVER THE LEGAL REGULATION OF INSURANCE
ACTIVITIES IN THE REPUBLIC OF UZBEKISTAN
A.Mirzayev
Toshkent davlat yuridik universiteti 70420129
– Atrof-muhit huquqi va
barqaror rivojlanish yo‘nalishi magistranti
Tel: +998979231010
https://doi.org/10.5281/zenodo.15674340
ARTICLE INFO
ABSTRACT
Qabul qilindi: 05-June 2025 yil
Ma’qullandi: 10-June 2025 yil
Nashr qilindi: 16-June 2025 yil
After our country gained independence, a number of
legislative acts were adopted in Uzbekistan to regulate
insurance activities. The rules on insurance are primarily
stipulated in Article 48 of the Constitution of the Republic
of Uzbekistan. According to it, the state takes measures
to develop the healthcare system, its state and non-state
forms, various types of medical insurance, and ensure the
sanitary and epidemiological well-being of the
population. This article analyzes the concept of
republican executive authorities and public control in the
legal regulation of insurance activities in the Republic of
Uzbekistan
KEY WORDS
Insurance, insurance activities,
legal
regulation,
financial
reporting, licensing, permitting.
The task of state management in the field of environmental insurance is to ensure the
formation and development of an effectively functioning market for insurance services, and
the creation of necessary conditions for the activities of insurers of various organizational and
legal forms
1
.
In accordance with Article 47 of the Law "On Insurance Activities", state regulation of
insurance activities is carried out by an authorized state div. The authorized state div
exercises a number of powers, including monitoring compliance by professional participants
of the insurance market with the legislation on insurance activities, ensuring the established
solvency standards and other requirements for their financial stability, licensing the
insurance activities of insurers (reinsurers) and insurance brokers, establishing the
procedure and conditions for the formation and placement of insurance reserve funds of
insurers (reinsurers), as well as the procedure for keeping records of such funds and drawing
up reports on them, establishing the minimum amount of insurance reserve funds,
determining the form of financial statements submitted by insurers (reinsurers) and the
annual financial report published by them, as well as the procedure and terms for their
submission and publication. So, which div is this? The Insurance Market Development
Agency under the Ministry of Finance of the Republic of Uzbekistan was the authorized state
div for insurance activities. OIn accordance with the Decree of the President of the Republic
of Uzbekistan No. PF-269 “On Measures to Implement Administrative Reforms in New
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Uzbekistan”, the tasks and functions of this agency were transferred to the Ministry of
Economy and Finance. Also, in accordance with paragraph 8 of the Resolution of the President
of the Republic of Uzbekistan No. PQ-291 “On Additional Measures for the Development of the
Capital Market” dated September 2, 2023, it was stated that the tasks, functions and powers of
the National Agency for Promising Projects and the Ministry of Economy and Finance to
regulate the capital market, including the activities of organizers of securities trading and the
Central Securities Depository, develop corporate governance, as well as exercise control over
the activities of insurance organizations, were transferred to the National Agency for
Promising Projects and it was designated as the authorized div for the implementation of
regulatory, licensing and permitting procedures in these areas. So, today the authorized div
for regulating insurance activities is the National Agency for Promising Projects.
In order to ensure the financial stability of insurance (reinsurance) organizations and
protect the legitimate interests of consumers of insurance services, insurers (reinsurers) must
comply with established prudential standards, the procedure for calculating these standards
and permissible values are determined by the authorized state div
2
.
Prudential norms include:
the minimum amount of the authorized fund (authorized capital);
the solvency margin adequacy norm;
the norm of the obligations of insurers (reinsurers) for specific risks;
the norm for the formation and placement of insurance reserves;
other prudential norms established by the authorized state div.
Future changes to prudential norms are officially announced by the authorized state
div at least one month before the implementation of these changes.
Considering that the topic of the dissertation is related to environmental insurance, we
can include the Ministry of Ecology, Environmental Protection and Climate Change among the
authorized state bodies in the field of ecology and environmental insurance. Firstly, since
environmental insurance is a process related to nature protection, the Ministry of Ecology is
directly involved in it. Secondly, environmental audits, which are one of the legal measures for
implementing environmental insurance, are also carried out by this ministry, and certificates
are issued to environmental auditors by the Ministry of Ecology.
OThe Resolution of the President of the Republic of Uzbekistan No. PQ-171 dated May
31, 2023 “On measures for the effective organization of the activities of the Ministry of
Ecology, Environmental Protection and Climate Change” establishes priority areas of the
ministry's activities, and the ministry performs a number of tasks, including monitoring the
state of the environment, identifying situations that may lead to environmental pollution,
irrational use of natural resources, and threaten the life and health of citizens, preventing,
identifying and taking effective measures to eliminate violations of legislative requirements in
the field of nature protection and rational use of natural resources, ensuring compliance with
the rights and legitimate interests of legal entities and individuals in the field of nature
protection and rational use of natural resources, and ensuring their fulfillment of obligations.
These tasks are also directly related to environmental insurance. In particular, the task of
identifying situations that may lead to environmental pollution, irrational use of natural
resources, and threaten the life and health of citizens is inextricably linked with
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environmental insurance. When such situations are identified by the ministry, the
environmental insurance institute is activated, and an environmental insurance contract is
concluded between the enterprise carrying out such activities and the insurance company.
The institution of public control is an important legal factor in ensuring the rights and
legitimate interests of citizens at every stage of development of society. Public control
develops in connection with the formation and development of civil society institutions. As
civil society develops, wider opportunities and prospects for public control appear. On the
other hand, the development of public control leads to the development of civil society
institutions. Just as developed public control is unthinkable without civil society, the
development of civil society is also unthinkable without public control.
Implementation of public control and its legal basis is provided by the Law of the
Republic of Uzbekistan "On Public Control"
3
This law regulates relations in the field of
organization and implementation of public control over the activities of state bodies and
institutions. Citizens of the Republic of Uzbekistan, citizens' self-government bodies, as well as
non-governmental non-profit organizations registered in accordance with the procedure
established by law, and the mass media are subjects of public control. Appeals and inquiries to
state bodies, participation in open board meetings of state bodies, public discussion, public
hearing, public monitoring, public expertise, public opinion research, and hearing reports and
information from officials of state bodies by citizens' self-government bodies are forms of
public control.
Referens/Foydalanilgan adabiyodlar ro‘yxati:
1. Reymers N.F. Nadejd na vjivanie chelovechestva: Kontseptualnaya ekologiya.-M.:Rossiya
molodaya. «Ekologiya», 2022
2. Anisimov A. P., Ryzhenkov A. Ya., Charkin S. A. (2019) Ekologicheskoe pravo Rossii
[Enviriomental Law of Russia], Moscow: Yurayt. Available at: https://biblio-
online.ru/bcode/431157 (accessed 1 September2019) (in Russian).
3. Федеральный закон от 14 марта 1995 г. N 33-ФЗ "Об особо охраняемых природных
территориях" (с изменениями и дополнениями)
4. Жаворонкова Н. Г., Выпханова Г. В. 2019b. Проблемы совершенствования
понятийного аппарата в сфере охраны и использования природных лечебных ресурсов,
лечебно-оздоровительных местностей и курортов. Актуальные проблемы российского
права. 4 (101): 186–194. URL: https://doi org/10.17803/1994-1471.2019.101.4.186-194
5. Крусс В. И., Вихрова В. А. 2017. Федеративные аспекты конституционализации
правовых режимов особо охраняемых природных территорий. В сб.: Шагидуллин Р. Р.,
Кадырова Х. Р. (науч. ред.)Устойчивое развитие регионов: опыт, проблемы,
перспективы. Казань: Академия наук Республики Татарстан; 640–643.
6. Fayziyev Sh.X. Teoreticheskiye problemy pravovogo obespecheniya ekologicheskoy politiki
Respubliki Uzbekistan [Theoretical problems of legal support of the environmental policy of
the Republic of Uzbekistan]. PhD thesis. Tashkent, TSUL, 2004.
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