SUBJECT OF THE CONTRACT OF PROFESSIONAL LIABILITY INSURANCE OF THE NOTARY

Abstract

Abstract. Market reforms in the national economy have affected the insurance system, which is now actively developing, playing an important role in ensuring the financial and economic security of civil relations and helping to reduce the burden of the national financial system through compensation payments. The need for insurance in today’s social and business environment is beyond any doubt, as it is the most convenient and flexible tool for quick compensation of losses and damages arising in various areas of life. The state insurance system that existed in our country during the socialist era did not provide for insurance of such numerous and diverse risks as we have today and was limited to a small number of individuals. The development and emergence of new, socially significant types of professional activities is associated with the introduction of insurance of civil liability for the quality of goods, results of work performed and services rendered, which caused damage to consumers and other third parties. The legal nature of professional liability insurance remains unexplored and controversial in civil law. The issue of the existence of gaps in legislation and the lack of judicial practice is not sufficiently developed in science, and this creates a wide field for a comprehensive study of professional liability insurance.