It was noted that the bill to supplement article 40 of the Law “On Physical Culture and Sport” (re insuring the competition participants) (Reg. No. 0950, second reading) is now considered by the Committee.  

 

The document provides that life and health insurance of the competitors is the binding condition for holding of a sports competition. Organizers of the sports competition shall provide life and health insurance of the competitors.

 

It was stressed during the discussion that some heads of sports federations doubt the relevance of adopting the bill in the version offered, as this could lead to significant increase of sports competition costs.

 

By results of consideration, the Committee resolved to hold the hearingsImprovement of legislative provision of life and health insurance of sportsmen who participate in competitionsto give the floor to representatives of leading sports organizations, insurance companies, academics, and other specialists for elaboration of balanced proposals to the bill.

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