Аннотация: At present, the insurance market is an integral element of the functioning of the economic systems of highly developed countries. The article is devoted to insurance, which is a priority mechanism for ensuring economic stability and security, the development of entrepreneurship and economic activity, the protection of the population from numerous risks, as well as the implementation of state social policy. In the course of the research, the author comes to the conclusion that insurance is a complex legal institution that combines the norms of various branches of law and is aimed at regulating public relations that arise in the process of organizing and implementing insurance activities.