Law of the Russian Federation of November 27, 1992, N 4015-1 (as amended on April 1, 2022) “On the organization of insurance business in the Russian Federation” Insurers 1. Insurers – insurance companies, foreign insurance companies, mutual insurance companies. Insurance company – a legal entity established in accordance with the legislation of the Russian Federation…
Grace period The grace period for a loan is a period during which the borrower does not have to pay any loan installments. This is subject to agreement with the lender. Typically, grace periods are scheduled before the loan repayment begins. For example, up to two years of full-time university credit can be extended. Financial institutions offer…