“The insurance sector is growing significantly,” Hovhannes Khudoyan, Legal Advisor of “AM” Law Firm said.
Insurance is defined in Chapter 54 of the Civil Code. There is a separate legislative branch on CMTPL (Compulsory Motor Third-Party Liability).
According to Hovhannes Khudoyan, the volume of cases of life and health, property insurance in our country is not the same as it is abroad.
With the increasing of the number of le4gal relations, the number of legal disputes in court also raises. The lawyer said that it would be wrong to explain the increase of the court disputes with the legislative gaps.
