Common use of RIGHTS AND LIABILITIES OF PARTIES Clause in Contracts

RIGHTS AND LIABILITIES OF PARTIES. 5.1. Insurer is obliged: 5.1.1. to bring Insurance Terms and Rules to attention of Insured (Insured person); 5.1.2. upon occurrence of Insured event, to make insurance payout to Insured (Insured person) or third person, who actually paid for services received by (Insured) Insured person within 15 (fifteen) business days after making decision to make payout. Insurer shall be liable for late payment of insurance payout by paying a fine to Insured (Insured person) amounted to 0.1% of outstanding amount for each day of delay; 5.1.3. not to disclose information about Insured (Insured person) and his/her property status, except in cases established by law. 5.2. Insured is obliged: 5.2.1. upon concluding Contract, to provide Insurer with all information regarding circumstances having significant impact on risk level, such as: contact with COVID-19 infected person, establishing COVID-2019 diagnosis, and shall further notify Insurer of any change in insurance risk; 5.2.2. when concluding Contract in favor of other persons (Insured persons) to obtain their consent to conclude Contract in their favor and to bring Insurance Terms and Rules to their attention; 5.2.3. to pay insurance premium in full in manner specified in this Contract; 5.2.4. upon concluding Contract to notify Insurer regarding other valid Contracts; 5.2.5. to take actions to prevent and reduce losses caused by Insured event; 5.2.6. in case of early termination of Contract to return original Contract (Insurance Certificate) to Insurer. 5.3. Insured person is obliged: 5.3.1. to notify Insurer on occurrence of event having signs of insurance one in manner and within the terms specified in Contract; 5.3.2. to follow all recommendations of Insurer; 5.3.3. to provide upon Insurer's request any information necessary to establish the occurrence of Insured event or to determine the amount of insurance payout; 5.3.4. as to the circumstances of Insured event, to relieve third parties of responsibility for non- disclosure of medical and commercial secrets related Insured (Insured person), as well as at Insurer's request to provide the latter with required powers to obtain from the third parties (doctors, Health Care Centres, other facilities that have provided services to Insured (Insured person) stipulated by terms of Contract) any information related to Insured event. 5.4. Insurer has the right: 5.4.1. to demand from Insured (Insured person) all information necessary to determine the degree of insured risk before concluding Contract; 5.4.2. to demand from Insured (Insured person) information necessary to determine circumstances of Insured event, including information constituting commercial secret, and to verify the reliability of mentioned information; 5.4.3. independently investigate the causes and circumstances of Insured event and, if necessary, to submit requests to competent authorities (facilities) for relevant documents and information; 5.4.4. to refuse to make insurance payout if there are grounds herefor stipulated by this Contract and laws of Ukraine. 5.5. Insured (Insured person) has the right: 5.5.1. to receive detailed information from Insurer on services provided by company to Insured (Insured persons); 5.5.2. to make amendments and early terminate Contract in manner stipulated by this Contract; 5.5.3. to receive services stipulated by terms of this Contract, if necessary, within the limits of Insured sum and limits on indemnification for such expenses specified in Contract; 5.5.4. to receive from Insurer the sum of insurance payout according to terms of Contract; 5.5.5. to appeal against Xxxxxxx's decision to refuse to make insurance payout in manner stipulated by law.