THEORETICAL BASIS OF FINANCIAL MECHANISM OF SOCIAL INSURANCE
Abstract
The article defined "financial mechanism of social insurance" as a set of elements that regulate the formation distribution, use and reserving funds state insurance funds and other institutions engaged in the provision of social security in order to prevent social risks and social security in the event of the insured event. Every single element of the financial mechanism of social insurance should be part of a whole. Moreover, each of them must operate relatively independently.
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