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Turkmenistan adopts mandatory state insurance against accidents at work

Business Materials 28 June 2019 14:26 (UTC +04:00)

Ashgabat, Turkmenistan, June 28

By Huseyn Hasanov – Trend:

Turkmenistan has approved a regulation on mandatory state insurance of workers in industries with high-risk conditions against accidents at work and occupational diseases, Trend reports with reference to the Turkmen presidential decree.

The document was adopted in order to improve the measures being taken in this area, based on the labor and civil codes, the law of Turkmenistan “On Insurance” and other relevant legal acts.

The State Insurance Organization of Turkmenistan has a wide network in the country with over 40 branches. The organization is expanding partnerships with leading international insurance and reinsurance companies, as well as with insurance brokers.

The country has a law "On Insurance", which regulates the system of relations in the insurance market and establishes the legal, economic and organizational basis for state regulation and supervision of activities in this area.

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