Article 927. Voluntary and compulsory insurance.
1. Insurance is carried out on the basis of property or personal insurance contracts concluded by a citizen or a legal entity (insurer) with an insurance organization (insurer). A personal insurance contract is a public contract (Article 426). 2 in accordance with the rules of this chapter. For insurers, the conclusion of insurance contracts on the conditions proposed by the policyholder is not mandatory. 3. The law may provide for cases of compulsory life insurance, health and property of citizens at the expense of funds provided from the relevant budget (compulsory state insurance).
References to other articles of chapter 48. Insurance: