Article (8) Financial Guarantee and Insurance
1.The operator shall be committed to offer or keep the insurance and guarantees provided by the Authority in regard of the liability on nuclear damages.
2.For the purposes of issuing a license for the operation of a nuclear facility, the operator thereof shall keep the insurance or offer another financial guarantee until the amount of 450 million SDRs or the amount determined by the Authority according to the provisions of Paragraph 2 of Article 5 from the Decree by Law hereof, in order to cover the liability on a single nuclear accident, provided that such other insurance or guarantee shall meet the form and provisions adopted by the Authority.
3.The operator may obtain such insurance or financial guarantee from any sources adopted by the Authority whether from inside or outside the State.
4.The provisions of the Decree by Law hereof shall meet the priority of disbursing the due reimbursement in the claims of a decease case or personal injury stipulated in Paragraph 2 of Article 8 from Vienna Convention of 1997.
5.If the operator was unable to exhaust all the efforts from obtaining the insurance coverage or any part thereof stipulated in Paragraph 2 of Article 2 hereof, the Authority may resolve the insurance stipulated by virtue of the provisions of the Decree hereof by a Law that is not provided in the local or international insurance market, or to resolve that the insurance coverage is not provided or suspended momentarily. In all events, the risks covered by virtue of the insurance coverage shall become directly covered by the State until the maximum stipulated in Paragraph 1 or 2 of Article 5 from the Law hereof as the case may be, until the Authority announces the availability of insurance coverage and granting the concerned parties a grace period that shall be determined by the Authority solely in order to obtain such insurances.