THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND SUPERVISION OF THE FINANCIAL MARKET AND THE FINANCIAL ORGANIZATIONS

of August 12, 2006 No. 155

About approval of Rules of participation of insured (beneficiary) in income gained by insurance company as a result of investing activities

For the purpose of realization of Item 2-2 of article 7 of the Law of the Republic of Kazakhstan "About insurance activity" 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 participation of insured (beneficiary) in income gained by insurance company as a result of investing activities.

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 (Karakulov D. Sh.):

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 it to the attention of the interested divisions of the Agency, the insurance (reinsurance) organizations, Consolidation of legal entities "The association of financiers of Kazakhstan", Public association "Society of Actuaries of Kazakhstan".

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