Business news from Ukraine

Business news from Ukraine

Insurance associations of Ukraine support bill on reforming sphere of urban development

The Insurance Business Association together with the League of Insurance Organizations of Ukraine and the Kharkiv Union of Insurers supported the draft law “On introducing changes to certain legislative acts of Ukraine on reforming the sphere of urban planning” (No 5655) with the recommendation to adopt it at the second reading and in whole by the Supreme Council.
The relevant opinion of professional associations of insurers promulgated in an open letter, the association noted in a post on Facebook on Monday.
“The current text of the bill provides for liability insurance of authorized persons for urban planning control. Considering the international insurance and reinsurance practice, we consider it advisable to further extend such practice to performers of certain types of architectural and construction works, who take part in the creation of construction objects, namely architects, design engineers, engineers for technical supervision and the like”, – notes the General Director of the Association “Insurance Business” Vyacheslav Chernyakhovsky, whose words are contained in the message.
As reported, the bill number 5655 provides for the activities of the examination of design documentation for the construction expert organization and implementation of urban planning control at the prior conclusion of the contract of professional liability insurance, without the presence of which the activities of the expert organization and authorized person for urban planning control is impossible.

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