The insurance activity is the activity related to civil-law relations on protection and ensuring valuable interests of both physical, and legal entities in case of certain events (insured accidents) the result of which is causing to the insurant significant material damage. The monetary indemnity is paid by the insurer (usually an insurance company) from the fund created at the expense of insurance premiums – insurance contributions. Legislative regulation of insurance activity in the Russian Federation is based on the Civil Code of the Russian Federation, the Federal Law of 27.11.1992 № 4015-1 "On the organization of insurance sector in the Russian Federation" and Federal laws on special types of insurance (the Federal Law of 29.11.2010 № 326-FZ "On compulsory health insurance in the Russian Federation"; The Federal Law of 25.04.2002 № 40-FZ "On compulsory motor TPL insurance" (hereinafter – the Law on CMTPL) and others).

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