Strelnikov, V.V. Financial and legal regulation of insurance and subject of financial law.

Abstract: Insurance is probably one of the most questionable areas within the realm of financial legal regulation. On one hand, due to absence of state monopoly in this sphere, the “public” element of this type of relation considerably lessened. On the other hand, development of both insurance relations and legislation in this sphere call for more detailed regulation in the sphere of public financial influence on insurance. The author of this article considers that the very subject of financial law is currently undergoing a change and is gaining new qualities. Due to this fact the key category of Russian financial law shall be “legal regulation of public finance”, and accordingly, insurance shall find its place within the framework of new financial law.