Features of the Functioning of the Current System of Russian Insurance Legislation

Insurance is the most important area in public life both for the economy as a whole and for each individual in particular. In order to improve the functioning of this system, it is necessary to maintain an optimal balance between the level of regulation of insurance legislation and the rapidly changing conditions of society's development. The author, based on the analysis of the NPA, proves that it cannot be called optimal. The main purpose of the article is to identify the legislative parameters of the functioning of such a system, based on the existing relationship between the provisions of the Civil Code of the Russian Federation, basic and specialized laws and by-laws, which will identify its specifics and determine the directions of harmonization. The study identifies the gap in the above-mentioned legal acts and the conflict of law norms, which concerns not only individual concepts (terms), but also the regulation of individual elements of the constituent legal relations. Based on the research conducted by experts in the field of jurisprudence, the author comes to the conclusion that it is necessary to systematize legal norms and bring them to uniformity, which is especially important in the digital era of society's development and supports proposals to combine them in the Insurance Code.