STAGES OF FORMATION OF INSURANCE BUSINESS IN THE REPUBLIC OF MOLDOVA AND ITS MODERN DEVELOPMENT
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The creation of modern insurance industry will allow the state: to reduce the burden on the state budget as concerns the compensation of unexpected losses, caused by factors of different nature; to solve some problems of Social Security in the conditions of the market economy; and to attract the savings of the population and organizations in the turnover of the national economy on a long-term basis.