Published: 15 March 2015
Purpose. To research the place and importance of federal laws and the laws of territorial entities of the Russian Federation in the system of social risks management. Methods. The article analyzes provisions of federal laws and laws of territorial entities of the Russian Federation, enshrining the list of social risks and acting as a basis of social security (social service institution is considered). Certain ways of managing social risks, taking free drug coverage of certain categories of citizens as an example, are studied. Results. The paper states that the formalization of the main social risks and the main ways to manage them (their compensation and minimization) is currently being implemented both in the federal laws and the laws of the territorial entities of the Russian Federation. The study brought to the conclusion that, despite the significant amount of such acts, the quality of social risk management is not always high. There are both positive examples of formalization of the social security grounds and the ways to compensate them in the federal laws and laws of the territorial entities of the Russian Federation and also the negative ones. The effectiveness of social risk management highly depends on the quality of legislation. Scientific novelty. Scientific novelty lies in the analysis of laws (both federal and laws of territorial entities of the Russian Federation) with regard to secure a list of social risks with them.
