Science and Education in Karakalpakstan issn 2181-9203 Science Magazine chief editor

Conclusion 
There is another aspect of this issue related to mutual insurance, that is, in mutual insurance, 
the activities of all members are similar, good knowledge of each other allows other members to 
better assess how conscientiously this member approached the process associated with the 
occurrence of an insured event. They are well aware of the fundamental nature of such problems. 
Therefore, from time to time, as a preventive measure, all participants must jointly monitor their 
activities, be able to foresee the risk that may arise, and give recommendations on this matter to the 
property owner based on their experience, which has a good effect in reducing insurance claims. 
Thus, in mutual insurance, measures to prevent the occurrence of risk are carried out not only 

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Science and Education in Karakalpakstan. 2023 №2/1 ISSN 2181-9203 
148 
administratively, but also by the participants' own actions. In these conditions, there is no need for 
the state to take measures that are contrary to market requirements, such as the introduction of 
compulsory insurance in order to reduce damage to agriculture. [2]. 
The advantage of mutual insurance for agricultural producers is that: insurance reserves are 
directed to investments based on their interests; investment funds can be used to enrich this activity 
and main activity with new technologies. Accumulated insurance premiums can also be used for 
short-term loans. Due to insurance against a low harvest, the tax burden of an agricultural enterprise 
is reduced. Because, according to the established legislation, the funds allocated for these purposes 
are included in the cost of production and are excluded from the taxable base. For agricultural 
producers, the organization of the organizational and legal form of mutual insurance as an 
agricultural cooperative (partnership) will be favorable in all respects. The existence of special 
legislation for agricultural cooperatives (partnerships) based on membership in all other forms of 
non-profit organizations further facilitates their activities .This law clearly establishes that the 
satisfaction of the material and other needs of the participants of an agricultural cooperative is 
carried out by combining their property share contributions, on the basis of which this company is 
able to fulfill its obligations to its members. 
References: 
1. Yuldashev KM Improving the methodological foundations of mutual insurance in Uzbekistan. 
Monographs. T.: Economics 2020 
2. Kalenov K.T. Prospects for the development of insurance services in the rural community of the 
Republic of Uzbekistan. Monograph, T.: "BOOKMANY PRINT", 2023. 
3. K.KALENOV AND BASHKIRS: FINANCIAL IMPORTANCE OF INSURANCE OF 
AGRICULTURAL ENTERPRISES. Scientific journal of BAISHEV University of the Republic of 
Kazakhstan / ISSN 2706-8293 2022 №1. 
4. 
Information 
about 
the 
website 
of 
the 
Oxford 
Mutual 
Insurance 
Company: 
http: 
/www.oxfordmutual.com/