The Insurer shall. 3.1.1. provide the Insurance Policy to the Insured to confirm the insurance carried out and also, provide the Insured with relevant application to carry out desired insurance; 3.1.2. receive the Insured’s application on occurrence of insured event for consideration; 3.1.3. draw up an insurance report on insured event and determine the amount of the insurance indemnification; 3.1.4. to pay out the insurance indemnification within 3 (three) working days upon the signature by the parties of the Insurance Act drawn up on the basis of the receipt of all the documents required for indemnification according to the procedure and terms and conditions provided hereunder, except for the cases when the corresponding deadline is provided for the particular event and if the damage is incurred through unlawful actions taken by the third party, theft, burglary, robbery (or attempt thereof), insurance indemnification shall be paid within 2 (two) calendar months after receipt of all the documents necessary for payment of the insurance indemnification and upon the signature by the parties of the Insurance Act. The Insurer shall reserve the right to postpone the decision to pay out the insurance indemnification in case when in relation to the fact of occurrence of the insured event the criminal proceedings are instituted against Insured, Authorized Driver (Beneficiary) or his/her representative; 3.1.5. If the lawsuit due to the occurrence of the event between the Insured and the aggrieved is in process the Insurer shall pay out the indemnification – within 3 (three) working days upon submitting of the effective court decision (on the indemnification of damages inflicted to third party/parties by the Insured /Authorized Driver) to the Inuerer. 3.1.6. perform the duties herein with due diligence.
Appears in 3 contracts
Samples: Motor Insurance Agreement, Motor Insurance Agreement, Motor Insurance Agreement
