AGREEMENT OF STATE MEMBERS OF EURASIAN ECONOMIC COMMUNITY

of September 30, 2004

 About exchange of information between bodies of insurance supervision and regulation of insurance activity of state members of EurAsEC

The Ministry of Finance of the Republic of Belarus, Agency on regulation and supervision of financial market and financial organizations of the Republic of Kazakhstan, the Ministry of Finance of the Kyrgyz Republic, Federal Service for Insurance Supervision of the Russian Federation, the State insurance supervision under the Ministry of Finance of the Republic of Tajikistan which are hereinafter referred to as with the Parties

in view of the increasing internationalization of financial activities, need of strengthening of mutual cooperation and mutual consultations for the purpose of assistance to execution of the assigned tasks;

in view of importance of ensuring compliance and execution of the laws and other regulatory legal acts regulating the markets of insurance services in state members of EurAsEC;

expressing intention to reach broad interaction for the purpose of contribution to execution of supervising functions;

recognizing need of transparency of implementation of insurance supervision and ensuring the best knowledge of insurers of work of insurance companies;

agreed as follows:

Article 1

For the purpose of this agreement:

"exchange of information" - the transfer and receipt of information performed between bodies of insurance supervision and regulation of insurance activity of state members of EurAsEC;

"person" - physical person or legal entity.

Article 2

1. The parties render each other, according to the legislation of their states, every possible assistance performed by them their control and supervising functions and harmonization of legislations of the state members of EurAsEC regulating activities in the markets of insurance services.

According to this Agreement the required Party provides access to the requesting Party which is available at its order of information.

2. In assistance to the Party it can be refused case:

a) if execution of request contradicts the state sovereignty, safety, economic interests of the required Party;

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