With the issue of dishonored checks occupying the agenda of commercial life for many years, this situation has become even more unbearable with the pandemic. Since the solutions made by the legislator are always of a temporary nature, no contribution could be made to the solution of the problem in question. It would be a more correct approach to take permanent and preventive measures related to the issue. In this context, the idea of establishing an “Insurance Fund for Bad Checks”, which was put forward in 2012 but not emphasized enough, may be a way out of the problem of dishonored checks. This fund should initially be established through state-sponsored programs. After a certain period of time, the role of state support should be reduced and an insurance premium should be introduced at the stage of issuing the check. It will be necessary to collect certain percentages of the incomes obtained from these insurance premiums in a pool to finance the said fund. The establishment and healthy functioning of the dishonored checks insurance fund will be possible by updating the insurance legislation.