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Essence and Significance of Insurance Fund under Market Economy Conditions

Author (s)

Khodjayeva M. I. Djabarov G. N.


The article dwells on the essence and significance of insurance fund under market economy conditions. The authors substantiate a necessity of its creation and also an introduction of compulsory insurance in agriculture, thus unforeseen pernicious influence of nature over the process of production can be obviated and regular social reproduction be guaranteed. There are singled out three forms of insurance fund organization - self-insurance (decentralized form), centralized form of insurance fund formation at the expense of common state sources and proper insurance clearly reflecting the meaning of this very word; the gyst  of all the three being disclosed. It is well-grounded that insurance fund is created for compensation of damage inflicted by natural calamities, therefore, it can’t be utilized as a fund for accumulation and it isn’t. A necessity of insurance foundation launching and its use under market economy conditions of Tajikistan is canvassed.


market economy, insurance fund, forms of organization, agricultural production, compulsory insurance, damage compensation, natural calamity


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2.    Grishchenko N. B. Foundations of Insurance Activity. – Barnaul: Publishing-house of Altay University, 2001. – 274 pp.

3.    Shevchenko O. Yu. Insurance. – Omsk, 2016. – 197 pp.

4.    Razumovskaya Ye. L., Fomenko V. V. Insurance Business. – Yekaterinburg: Humanities University, 2016. – 346 pp.

5.    Gvozdenko A. A. Insurance. – M.: TK Velbi, “Prospect” publishing-house, 2006. – 464 pp.

6.    Accounting Reports of Tajikistan Republic State Insurance Inspectorate for 2000-2017.

Statistical Accounting Reports of TR Ministry of Agriculture for 2010-2017.

Publication date

Monday, 22 April 2019

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