Is there a direct right of action by a Third Party against an Insurer?
Is there a direct right of action by a Third Party against an Insurer?
Yes, there is. If the sufferer wishes to use its right to insurance indemnity, it shall, at the earliest opportunity, notify the insurer of the occurrence of the insured event. As of 1 March, 2009 the Third Party will also have the right of direct claims settlement (means compensation for the damage caused to the sufferer’s property paid by the insurer having entered into a compulsory insurance contract with the suffered motor vehicle owner – the provision covers only MTPL-contracts issued by Russian insurers, is not applicable towards foreign third parties)