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The Bank of Russia required insurers to provide clients with a key information document of no more than three pages before signing a voluntary insurance agreement, Frank Media writes. It must specify risks, exclusions from coverage, payment procedures and conditions for returning premiums. If the company does not disclose the required information or does so incorrectly, the customer can cancel the policy with a refund within seven working days, provided that an event with signs of an insurance case did not occur before.

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Кролик с Неглинной · · Source

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The Bank of Russia required insurers to provide clients with a key information document of no more than three pages before signing a voluntary insurance agreement, Frank Media writes. It must specify risks, exclusions from coverage, payment procedures and conditions for returning premiums. If the company does not disclose the required information or does so incorrectly, the customer can cancel the policy with a refund within seven working days, provided that an event with signs of an insurance case did not occur before.

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