INSURANCE AS A MEANS OF PROTECTION OF CONSUMER RIGHTS AND JUDICIALPRECEDENT

Insurance can be considered as a means of protecting consumer rights.Emphasis on consumer rights corresponds to the principle of justice, and the development of the consumer market contributes to sustainable development, which is what any welfare state strives for.The essence of insurance, the formulation of its concept and role in the protection of consumer rights are revealed.In the conditions of modern state formation, insurance is an important and necessary type of activity that ensures general economic stability, development of all economic spheres, effective protection against numerous natural, man-made and other risks.Its development becomes one of the directions of state social policy.The full development of the insurance market gives a noticeable impetus to the growth of the national economy, as insurance contributes to the effective redistribution of the country's financial resources.As for the social orientation of court decisions, judicial practice, court precedent, the most important area for measuring this orientation is insurance itself. .It should be noted that recently the level of scientific and methodological work of the Supreme Court has significantly increased, especially in the person of its chambers, the motivation of court decisions made by it has improved, and how actively the judges of the Supreme Court apply European experience in the preparation of court decisions, increasingly turning to precedent practice.All this can be confirmed by reference to procedural documents, which combine the traditional classical approaches adopted by him from the Supreme Court of Ukraine with new, progressive directions of judicial practice development.Key words.Insurance, the principle of justice,