of March 25, 2006 No. 83
About approval of Rules of calculation of the coefficients characterizing unprofitability of the insurance (reinsurance) organization
For the purpose of objective assessment of results of insurance activity and uniform approach to calculation of the financial performance characterizing efficiency of insurance business, and also for receipt of the analysis of unprofitability on all classes of insurance, possibility of forecasting of market development of insurance services and monitoring of the risks accepted by insurance companies the Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:
1. Approve the enclosed Rules of calculation of the coefficients characterizing unprofitability of the insurance (reinsurance) organization.
2. This resolution becomes effective after fourteen days from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan.
3. To department of supervision of subjects of the insurance market and other financial organizations (Karimullin A. A.):
1) together with Legal department (Baysynov M. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;
2) in ten-day time from the date of adoption of this resolution to bring this resolution to the attention of the interested divisions of the Agency, the insurance (reinsurance) organizations, actuaries, Consolidation of legal entities "Association of financiers of Kazakhstan", Public association "Society of Actuaries of Kazakhstan".
4. To department of the international relations and public relations (Pernebayev T. Sh.) take measures to the publication of this resolution in mass media of the Republic of Kazakhstan.
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The document ceased to be valid since March 16, 2016 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of December 19, 2015 No. 240