RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN
of January 23, 2023 No. 3
About introduction of amendments to some resolutions of Board of National Bank of the Republic of Kazakhstan concerning submission of the reporting by participants of the insurance market
The board of National Bank of the Republic of Kazakhstan DECIDES:
1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 28, 2019 No. 223 "About approval of the list, forms, terms of submission of the reporting on accomplishment of prudential standard rates by the insurance (reinsurance) organization, insurance group and the Islamic insurance (reinsurance) organization and Rules of its representation" (it is registered in the Register of state registration of regulatory legal acts at No. 19701) the following changes:
state appendix 2 in edition according to appendix 1 to this resolution;
state appendix 3 in edition according to appendix 2 to this resolution;
state appendix 4 in edition according to appendix 3 to this resolution;
to state Item 6 of explanations on filling of form of administrative data of appendix 5 in the following edition:
"6. The form is filled according to requirements of Items 59, of 60, of 61, of 62, of 63, of 64 and 65 Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 304 "About establishment of normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations and limits, requirements, obligatory to observance, to the shares acquired by the insurance (reinsurance) organizations, the affiliated organizations of the insurance (reinsurance) organizations or insurance holdings (to shares in the authorized capital) legal entities, the list of bonds of the international financial institutions acquired by insurance holdings, the minimum required rating for bonds acquired by insurance holdings, and the list of rating agencies, and also the list of the financial instruments (except for shares and shares in the authorized capital) acquired by the insurance (reinsurance) organizations", registered in the Register of state registration of regulatory legal acts at No. 14794.";
state appendix 6 in edition according to appendix 4 to this resolution;
state appendix 7 in edition according to appendix 5 to this resolution;
state appendix 8 in edition according to appendix 6 to this resolution;
state appendix 9 in edition according to appendix 7 to this resolution.
2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 31, 2019 No. 275 "About approval of the list, forms, terms of submission of the reporting by the insurance (reinsurance) organization and insurance broker and Rules of its representation" (it is registered in the Register of state registration of regulatory legal acts at No. 19927) the following changes:
in Item 1:
9) to state the subitem in the following edition:
"9) report form about transactions "the return repo", repo according to appendix 9 to this resolution;";
16) to state the subitem in the following edition:
"16) report form about insurance premiums and award of the state according to appendix 16 to this resolution;";
24) to exclude the subitem;
26) to state the subitem in the following edition:
"26) report form about remaining balance on balance and off-balance sheet accounts according to appendix 26 to this resolution;";
state Items 2 and 3 in the following edition:
"2. The insurance (reinsurance) organization represents to National Bank of the Republic of Kazakhstan in electronic format monthly the reporting provided by subitems 4), 5), 6), 9), 10) and 11) of Item 1 of this resolution, in time no later than 6 (sixth) working days of the month following month under report.
3. The insurance (reinsurance) organization, the Islamic insurance (reinsurance) organization represent to National Bank of the Republic of Kazakhstan in electronic format:
1) monthly – the reporting provided by subitems 2), 3), 12), 14), 15), 16), 17), 18), 19), 22) and 25) of Item 1 of this resolution, in time no later than 6 (sixth) working days of the month following month under report.
The Islamic insurance (reinsurance) organization in addition to the reporting provided by the subitem 1) of this Item represents the reporting according to the subitem 8) of Item 1 of this resolution no later than 6 (sixth) working days of the month following month under report in time;
2) quarterly – the reporting provided by the subitem 13) of Item 1 of this resolution, in time no later than 6 (sixth) working days of the month following reporting quarter;
3) quarterly – the reporting provided by the subitem 26) of Item 1 of this resolution:
regarding table 1 – no later than 15 (fifteenth) working days of the month following reporting quarter;
regarding table 2 – no later than 6 (sixth) working days of the month following reporting quarter;
4) quarterly – the reporting provided by subitems 23), 27), 28), 29), 30), 31), 32), 33), 34), 35), 36) and 37) of Item 1 of this resolution, in time no later than 10 (tenth) working days of the month following reporting quarter;
5) annually – the reporting provided by subitems 38), 39) and 40) of Item 1 of this resolution, in time no later than 6 (sixth) working days of month, the following after accounting year;
6) annually – the reporting provided by the subitem 41) of Item 1 of this resolution within 120 (hundred twenty) calendar days upon termination of financial year.";
in appendix 1:
8) to state the subitem in the following edition:
"8) operations statement "the return repo", repo;";
15) to state the subitem in the following edition:
"15) report on insurance premiums and award of the state;";
23) to exclude the subitem;
25) to state the subitem in the following edition:
"25) the report on remaining balance on balance and off-balance sheet accounts;";
to state Item 5 of explanations on filling of form of administrative data of appendix 2 in the following edition:
"5. In columns 5 and 6 the rating and the name of rating agency according to the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2012 is specified to No. 385 "About establishment of the minimum rating for legal entities and the countries which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, branches of nonresident banks of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan, the list of the rating agencies assigning this score", registered in the Register of state registration of regulatory legal acts at No. 8318. In the absence of rating agency in columns 5 and 6 it is specified "there is no rating".";
state appendix 3 in edition according to appendix 8 to this resolution;
in the explanation on filling of form of administrative data of appendix 4:
in Item 6:
5) to state the subitem in the following edition:
"5) in columns 10 and 12 currency codes are specified according to the national qualifier of the Republic of Kazakhstan to RK 07 ISO 4217 Oil Company "Codes for representation of currencies and funds;";
12) to state the subitem in the following edition:
"12) when filling columns 22, of 23, 24 and 25 security rating on bonds, the rating of the issuer according to shares, score of the country on government securities assigned to one of rating agencies according to the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2012 No. 385 "About establishment of the minimum rating for legal entities and the countries which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, branches of nonresident banks of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan, the list of the rating agencies assigning this score", registered in the Register of state registration of regulatory legal acts No. 8318 (further - the Resolution No. 385) is reflected. In the absence of rating in columns 22, of 23, 24 and 25 it is specified "there is no rating". These columns are not filled in on government securities of the Republic of Kazakhstan;";
4) of Item 7 to state the subitem in the following edition:
"4) in columns 8 and 9 currency codes are specified according to the national qualifier of the Republic of Kazakhstan to RK 07 ISO 4217 Oil Company "Codes for representation of currencies and funds";";
3) of Item 8 to state the subitem in the following edition:
"3) in the column 6 currency codes are specified according to the national qualifier of the Republic of Kazakhstan to RK 07 ISO 4217 Oil Company "Codes for representation of currencies and funds";";
in the explanation on filling of form of administrative data of appendix 5:
4) of Item 5 to state the subitem in the following edition:
"4) in columns 11 and 14 currency codes are specified according to the national qualifier of the Republic of Kazakhstan to RK 07 ISO 4217 Oil Company "Codes for representation of currencies and funds";";
4) of Item 7 to state the subitem in the following edition:
"4) in the column 9 currency codes are specified according to the national qualifier of the Republic of Kazakhstan to RK 07 ISO 4217 Oil Company "Codes for representation of currencies and funds".";
in the explanation on filling of form of administrative data of appendix 8:
state Item 6 in the following edition:
"6. In the column 8 currency codes are specified according to the national qualifier of the Republic of Kazakhstan to RK 07 ISO 4217 Oil Company "Codes for representation of currencies and funds". On bonds the release currency, according to shares - acquisition currency is specified.";
state Items 12 and 13 in the following edition:
"12. In columns 26 and 27 the category of securities - residents of the Republic of Kazakhstan according to the official listing of stock exchange of the Republic of Kazakhstan, requirements to which are established by the Requirements to the issuers and their securities allowed to the address on the stock exchange, and also to separate categories of the official listing of stock exchange, approved by the resolution of Board of National Bank of the Republic of Kazakhstan of March 27, 2017 No. 54 "About approval of Requirements to the issuers and their securities allowed to the address on the stock exchange, and also to separate categories of the official listing of stock exchange and modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the security market", registered in the Register of state registration of regulatory legal acts at No. 15175 is specified. In the absence of category of the list of stock exchange of the Republic of Kazakhstan in columns 26 and 27 it is specified "there is no listing". These columns are not filled in on securities of nonresidents of the Republic of Kazakhstan and government securities of the Republic of Kazakhstan.
13. When filling columns 28, of 29, 30 and 31 score assigned to one of rating agencies according to the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2012 is specified to No. 385 "About establishment of the minimum rating for legal entities and the countries which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, branches of nonresident banks of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan, the list of the rating agencies assigning this score", registered in the Register of state registration of regulatory legal acts at No. 8318. In the absence of rating in columns 28, of 29, 30 and 31 it is specified "there is no rating". These columns are not filled in on government securities of the Republic of Kazakhstan.";
state appendix 9 in edition according to appendix 9 to this resolution;
state appendix 14 in edition according to appendix 10 to this resolution;
state appendix 15 in edition according to appendix 11 to this resolution;
state appendix 16 in edition according to appendix 12 to this resolution;
state appendix 18 in edition according to appendix 13 to this resolution;
state appendix 19 in edition according to appendix 14 to this resolution;
state appendix 20 in edition according to appendix 15 to this resolution;
state appendix 21 in edition according to appendix 16 to this resolution;
in the explanation on filling of form of administrative data of appendix 22:
state Items 7 and 8 in the following edition:
"7. In column 4 score assigned to one of rating agencies according to the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2012 is specified to No. 385 "About establishment of the minimum rating for legal entities and the countries which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, branches of nonresident banks of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan, the list of the rating agencies assigning this score", registered in the Register of state registration of regulatory legal acts at No. 8318. In the absence of rating in column 4 it is specified "there is no rating".
8. In column 11 the agreement currency code according to the national qualifier of the Republic of Kazakhstan is specified to RK 07 ISO 4217 Oil Company "Codes for representation of currencies and funds".";
13, 14 and 15 to state Items in the following edition:
"13. The amount of the insurance premiums transferred to residents of the Republic of Kazakhstan on the line "Insurance (Reinsurance) Organizations Residents" of column 14 corresponds to total sum of column 15 of the Table Insurance premiums and award of the state of appendix 16 of this resolution.
14. The amount of the insurance premiums transferred to nonresidents of the Republic of Kazakhstan on the line "Insurance (Reinsurance) Organizations Nonresidents" of column 14 corresponds to total sum of column 16 of the Table Insurance premiums and award of the state of appendix 16 of this resolution.
15. The total sum of the insurance premiums transferred to the reinsurance organization in column 14 corresponds to total sum of column 14 of the Table Insurance premiums and award of the state of appendix 16 of this resolution.";
state appendix 23 in edition according to appendix 17 to this resolution;
state appendix 26 in edition according to appendix 18 to this resolution;
state appendix 28 in edition according to appendix 19 to this resolution;
state appendix 29 in edition according to appendix 20 to this resolution;
state appendix 30 in edition according to appendix 21 to this resolution;
to state Item 8 of explanations on filling of form of administrative data of appendix 38 in the following edition:
"8. The total sum of insurance premiums in column 3 corresponds to the amount of the insurance premiums accepted according to insurance contracts, the Table specified in column 4 Insurance premiums and award of the state of appendix 16 of this resolution minus the expenses connected with agreement cancelation of insurance, specified in column 20 of the Table Insurance premiums and award of the state of appendix 16 of this resolution.";
state appendix 39 in edition according to appendix 22 to this resolution;
state appendix 44 in edition according to appendix 23 to this resolution.
3. To department of statistics of the financial market (Buranbayeva A. M.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:
1) together with Legal department (Kasenov A. S.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;
2) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;
3) within ten working days after state registration of this resolution submission to Legal department of data on execution of the action provided by the subitem 2) of this Item.
4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Baymagambetov A. M.
5. This resolution becomes effective since January 1, 2023 and is subject to official publication.
Chairman of National Bank of Kazakhstan
G. Pirmatov
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It is approved Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan |
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It is approved Agency of the Republic of Kazakhstan on regulation and development of the financial market |
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Appendix 1
to the Resolution of Government of the Chairman of National Bank of Kazakhstan of January 23, 2023 No. 3
Appendix 2
to the Resolution of Board of National Bank of the Republic of Kazakhstan of November 28, 2019 No. 223
The form intended for collection of administrative data
It is represented: in National Bank of the Republic of Kazakhstan
The form of administrative data is placed on Internet resource: www.nationalbank.kz
Report on accomplishment of prudential standard rates by the insurance (reinsurance) organization
Index of form of administrative data: 2-PN_M
Frequency: monthly
Accounting period: as of "____" ____________ 20 ___ years
The group of people, providing information: insurance (reinsurance) organization
Term of representation of form of administrative data: monthly no later than 6 (sixth) working days of the month following month under report
Form
Table 1. Data on accomplishment of prudential standard rates by the insurance (reinsurance) organization
|
№ |
Name of the standard rate |
Measure value |
|
1 |
2 |
3 |
|
1 |
Standard rate of sufficiency of margin of solvency (1.1/1.2) |
|
|
1.1 |
Actual margin of solvency (1.3 + 1.4 or 1.8 smallest size) (in thousands of tenges) |
|
|
1.2 |
The minimum size of margin of solvency ("400") (in thousands of tenges) |
|
|
1.3 |
Intermediate result of calculation of actual margin of solvency ("100") (in thousands of tenges) |
|
|
1.4 |
The amount included in calculation of actual margin of solvency ("200") (in thousands of tenges) |
|
|
1.5 |
Total assets taking into account their classification by quality and liquidity ("12000") (in thousands of tenges) |
|
|
1.6 |
Insurance reserves minus share of the overcautious person ("13000") (in thousands of tenges) |
|
|
1.7 |
Obligations, except for the amounts of insurance reserves ("14000") (in thousands of tenges) |
|
|
1.8 |
The actual margin of solvency calculated taking into account classification of assets by quality and liquidity (1.5 - 1.6 - 1.7) (in thousands of tenges) |
|
|
2 |
Total book value of investments into securities (taking into account transactions "the return repo"), deposits and money in one bank of the second level and affiliates of this bank, the Development bank of Kazakhstan conforming to requirements of the subitem 1) of Item 42 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 304 "About establishment of normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations and limits, requirements, obligatory to observance, to the shares acquired by the insurance (reinsurance) organizations, the affiliated organizations of the insurance (reinsurance) organizations or insurance holdings (to shares in the authorized capital) legal entities, the list of bonds of the international financial institutions acquired by insurance holdings, the minimum required rating for the bonds acquired by insurance holdings, and the list of rating agencies, and also the list of the financial instruments (except for shares and shares in the authorized capital) acquired by the insurance (reinsurance) organizations", registered in the Register of state registration of regulatory legal acts at No. 14794 (further – Standard rates): since January 1, 2023 – no more than 30 (thirty) percent from the amount of the general insurance reserves calculated according to the Requirements to forming, method of calculation of insurance reserves and their structure approved by the resolution of Board of National Bank of the Republic of Kazakhstan of January 31, 2019 No. 13, registered in the Register of state registration of regulatory legal acts at No. 18290 (further – Requirements to forming, method of calculation of insurance reserves and their structure); since January 1, 2024 – no more than 20 (twenty) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
|
|
3 |
Total book value of investments into securities (taking into account transactions "the return repo"), deposits and money in one bank of the second level and the affiliates of this bank conforming to requirements of the subitem 2) of Item 42 of Standard rates: since January 1, 2023 – no more than 20 (twenty) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure; since January 1, 2024 – no more than 15 (fifteen) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
|
|
4 |
Total book value of investments into securities (taking into account transactions "the return repo"), deposits and money in one bank of the second level and the affiliates of this bank conforming to requirements of the subitem 3) of Item 42 of Standard rates: since January 1, 2023 – no more than 20 (twenty) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure; since January 1, 2024 – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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5 |
Total book value of investments into securities (taking into account transactions "the return repo") and money in one legal entity, not being bank of the second level, except for Development bank of Kazakhstan, and affiliates of this legal entity: since January 1, 2023 – no more than 20 (twenty) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure; since January 1, 2024 – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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6 |
Total placement in the affined precious metals and metal accounts – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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7 |
The total size of loans to insurers of the insurance (reinsurance) organization performing activities for industry "life insurance" – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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8 |
Total book value of investments into the securities (taking into account transactions "the return repo") having the status state, issued by the central government of foreign state – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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9 |
Total book value of investments into securities (taking into account transactions "the return repo") international financial institution which is included into the list, stipulated in Item 39 Standard rates: since January 1, 2023 – no more than 20 (twenty) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure; since January 1, 2024 – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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10 |
Total book value of investments into the shares conforming to requirements of subitems 23) and 24) of Item 38 of Standard rates less reserve under impairment – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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11 |
Total book value of investments into shares of open and interval mutual investment funds, less reserve under impairment – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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12 |
Total book value of investments into the debt securities issued by local executive bodies of the Republic of Kazakhstan taking into account the amounts of principal debt and the added remuneration, less reserve under impairment – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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13 |
Total book value of investments into the instruments of Islamic financing conforming to requirements of subitems 25) and 26) of Item 38 of Standard rates less reserve under impairment – no more than 10 (ten) percent from the amount of the general insurance reserves calculated according to Requirements to forming, method of calculation of insurance reserves and their structure. |
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14 |
Information on accomplishment of the standard rate of sufficiency of highly liquid assets ("Yes" or "No") |
Table 2. Amount of increase in the minimum size of margin of solvency of the insurance (reinsurance) organization
(in thousands of tenges)
|
Name of the reinsurance organization |
Rating the overcautious person's assessment on the international or national scale (the standard rate of sufficiency of margin of solvency) |
The amount of the insurance premiums transferred (transferred) to reinsurance according to current agreements of reinsurance, all (in thousands of tenges) |
Percent from the amount of the insurance premiums transferred (transferred) to reinsurance according to current agreements of reinsurance |
Amount of increase in the minimum size of margin of solvency (column 3 x column 4) |
|
1 |
2 |
3 |
4 |
5 |
|
The agreements of reinsurance signed with non-resident reinsurers of the Republic of Kazakhstan, except for overcautious persons of member countries of the Agreement on the Eurasian Economic Union ratified by the Law of the Republic of Kazakhstan "About ratification of the Agreement on the Eurasian Economic Union" (further – the Agreement on EEU) | ||||
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Group 1 |
"AA-" or above |
0% |
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Group 2 |
with "And +" on "And -" |
0% |
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Group 3 |
with "BBB+" on "VVV-" |
% 0,2 |
||
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Group 4 |
with "BB+" on "VV-" |
% 0,75 |
||
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Group 5 |
with "In +" on "In -" |
% 3,8 |
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Group 6 |
below "In -" or is absent |
22% |
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The agreements of reinsurance signed with resident reinsurers of the Republic of Kazakhstan | ||||
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Group 7 |
not lower "In" or "kzBB" |
0% |
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Group 8 |
"In -", "kzBB-", "kzB+" |
% 0,2 |
||
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Group 9 |
> 1,75 |
% 0,05 |
||
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Group 10 |
> 1,5 |
% 0,1 |
||
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Group 11 |
> 1,25 |
% 0,2 |
||
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Group 12 |
> 1,1 |
% 0,5 |
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Group 13 |
|
% 3,8 |
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Group 14 |
<1,0 |
5% |
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The agreements of reinsurance signed with resident reinsurers members of the International financial center "Astana" | ||||
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The agreements of reinsurance signed from overcautious persons-countries-participating Agreements on EEU | ||||
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Group 15 |
with "BBB+" on "VVV-" |
0% |
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Group 16 |
with "BB+" on "VV-" |
% 0,2 |
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Group 17 |
with "In +" on "In -" |
% 0,5 |
||
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Group 18 |
below "In -" or is absent |
22% |
||
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Total: |
ххх |
ххх |
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1,0Table 3. Calculation of the minimum size of margin of solvency for the insurance (reinsurance) organization performing insurance activity on industry "general insurance" and the reinsurance organization performing reinsurance as exclusive type of activity
(in thousands of tenges)
|
Name of indicator |
Code of line |
Amount | |
|
1 |
2 |
3 | |
|
Calculation of the minimum size of margin of solvency with use of "method of awards" | |||
|
The insurance premiums accepted according to insurance contracts and reinsurance for the previous financial year, all (according to subitems 1), 2) and 3) Item 12 of Standard rates) |
1110 |
||
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Expense amount on payment of commission fee for insurance activity for the previous financial year |
1120 |
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The amount of the corporate income tax for the previous financial year |
1130 |
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The modified insurance premiums accepted according to insurance contracts and reinsurance for the previous financial year ("1110" – "1120" – "1130") |
1100 |
||
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The earned insurance premiums according to insurance contracts and reinsurance for the previous financial year, all (according to subitems 1), 2), 3) Item 12 of Standard rates) |
1210 |
||
|
The earned insurance premiums modified cumulative for the previous financial year ("1210" – "1120" – "1130") |
1200 |
||
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The cumulative insurance premiums accepted according to insurance contracts and reinsurance or the cumulative earned insurance premiums for further calculation (if "1100" |
1010 |
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Intermediate result And: (if "1010"> 3 500 000, then (3 500 000 x 0,++ + ("1010" – 3 500 000) x 0,16); if "1010" <3 500 000, then "1010" x 0,18) |
1020 |
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The cumulative insurance payments less the overcautious person's share in insurance payments added for the previous 3 (three) financial years ("1311" + "1312" + "1313") |
1310 |
||
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The cumulative insurance payments less the overcautious person's share in insurance payments added for the end of the previous financial year |
1311 |
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The cumulative insurance payments less the overcautious person's share in insurance payments added for the end of financial year for 1 (one) preceding the previous financial year |
1312 |
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The cumulative insurance payments less the overcautious person's share in insurance payments added for the end of financial year for 2 (two) preceding the previous financial year |
1313 |
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The cumulative insurance payments added for the previous 3 (three) financial years ("1321" + "1322" + "1323") |
1320 |
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The cumulative insurance payments added for the previous financial year |
1321 |
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The cumulative insurance payments added for the end of financial year for 1 (one) preceding the previous financial year |
1322 |
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The cumulative insurance payments added for the end of financial year for 2 (two) preceding the previous financial year |
1323 |
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Correction coefficient (if "1310" / "1320"> 0,5, then "1310" / "1320"; if "1310" / "1320" |
1300 |
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Minimum size of margin of solvency ("method of awards") ("1020" x "1300") |
1000 |
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Calculation of the minimum size of margin of solvency with use of "method of payments" | |||
|
Cumulative insurance payments |
added for the previous 3 (three) financial years (taking into account requirements of the subitem 2) Item 13 of Standard rates) ("2111" + "2112" + "2113") |
2110 |
|
|
added for the end of the previous financial year |
2111 |
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added on the end of the year, for 1 (one) preceding the previous financial year |
2112 |
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added on the end of the year, for 2 (two) preceding the previous financial year |
2113 |
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added for the previous 7 (seven) financial years for the insurance (reinsurance) organizations performing risks insurance, specified in subitems 13) and 14) of Item 3 of article 6 of the Law of the Republic of Kazakhstan "About insurance activity" (further – the Law) ("2121" +... + "2127"): |
2120 |
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added for the end of the previous financial year |
2121 |
||
|
added on the end of the year, for 1 (one) preceding the previous financial year |
2122 |
||
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added on the end of the year, for 2 (two) preceding the previous financial year |
2123 |
||
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added on the end of the year, for 3 (three) preceding the previous financial year |
2124 |
||
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added on the end of the year, for 4 (four) preceding the previous financial year |
2125 |
||
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added on the end of the year, in 5 (five) years preceding the previous financial year |
2126 |
||
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added on the end of the year, in 6 (six) years preceding the previous financial year |
2127 |
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The amount of reserve of the declared, but not settled losses for the end of the previous financial year |
2210 |
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The amount of reserve of the declared, but not settled losses for the end of financial year, for 2 (two) preceding the previous financial year |
2310 |
||
|
The amount of reserve of the declared, but not settled losses for the end of financial year, in 6 (six) years preceding the previous financial year (for the insurance (reinsurance) organizations performing risks insurance, specified in subitems 13) and 14) of Item 3 of article 6 of the Law) |
2320 |
||
|
Cumulative insurance payments for further calculation (1/3 x ("2110" + "2210" – "2310") |
2030 |
||
|
Cumulative insurance payments for further calculation (1/7 x ("2120" + "2210" - "2320"), for the insurance (reinsurance) organizations performing risks insurance, specified in subitems 13) and 14) of Item 3 of article 6 of the Law |
2031 |
||
|
Minimum size of margin of solvency ("method of payments"): (if "2030"> 2 500 000, then ((2 500 000 x 0,26 + ("2030" – 2 500 000) x 0,23) x "1300"); if "2030" <2 500 000, then "2030" x 0,26 x "1300") |
2000 |
||
|
Minimum size of margin of solvency | |||
|
Minimum size of margin of solvency ("1000" or "2000", the largest size) |
3000 |
||
|
The amount of increase in the minimum size of margin of solvency according to the insurance contracts (reinsurance) specified in Item 14 of Standard rates |
3010 |
||
|
The modified minimum size of margin of solvency for the accounting period ("3000" + "3010") |
3100 |
||
|
The minimum size of margin of solvency for the previous financial year |
4100 |
||
|
Reserve of the declared, but not settled losses minus the overcautious person's share for the end of the previous financial year |
4010 |
||
|
Reserve of the declared, but not settled losses minus the overcautious person's share for the beginning of the previous financial year |
4020 |
||
|
The minimum size of margin of solvency for the previous financial year modified on reserve coefficient (if "4010" / "4020" |
4000 |
||
|
The calculated minimum size of margin of solvency (if "4000" |
5000 |
||
|
Minimum size of guarantee fund |
6000 |
||
|
The calculated minimum size of margin of solvency ("5000" + part of the amount of the insurance premiums transferred (transferred) to reinsurance the prudential standard rates calculated according to Table 2 of this Report on accomplishment by the insurance (reinsurance) organization) |
7000 |
||
|
The minimum size of guarantee fund ("6000" + part of the amount of the insurance premiums transferred (transferred) to reinsurance the prudential standard rates calculated according to Table 2 of this Report on accomplishment by the insurance (reinsurance) organization) |
8000 |
||
|
The minimum size of margin of solvency for the accounting period ("7000" or "8000", the largest size) |
9000 |
||
|
Calculation of actual margin of solvency for the insurance (reinsurance) organizations on industry "general insurance" | |||
|
The paid authorized capital for the insurance (reinsurance) organization |
111 |
||
|
Preferred shares |
112 |
||
|
Retained income of last years and current year |
113 |
||
|
Reserve capital, Reserve of unexpected risks and Stabilization reserve |
114 |
||
|
Intangible assets, except for the software acquired for the purposes of main insurance activity (reinsurance) organization |
115 |
||
|
Uncovered loss of previous years |
116 |
||
|
Uncovered loss of the accounting period |
117 |
||
|
Investments into the authorized capital of other legal entities |
118 |
||
|
The subordinated loans granted faces which according to article 32 of the Law are the affiliated organizations of the insurance (reinsurance) organization or to persons in whom the insurance (reinsurance) organization has considerable participation |
119 |
||
|
Intermediate result And ("111" – "112" + "113" + "114" – "115" – "116" – "117" – "118" – "119") |
100 |
||
|
Subordinated debt with fixed maturity date |
201 |
||
|
Subordinated debt without fixed maturity date |
202 |
||
|
Preferred shares |
203 |
||
|
Intermediate result of B ("201" + "202" + "203") |
211 |
||
|
The amount included in calculation of actual margin of solvency: if "211"> 0, x ("100" or "400", the smallest size), then 0,5 x ("100" or "400", the smallest size); if "211" |
200 |
||
|
Actual margin of solvency ("100" + "200" or "15000", the smallest size) |
300 |
||
|
Minimum size of margin of solvency ("9000") |
400 |
||
|
Standard rate of sufficiency of margin of solvency ("300" / "400") |
500 |
||
0,5, then 0,5)Table 4. Calculation of the minimum size of margin of solvency for the insurance (reinsurance) organization performing insurance activity on industry "life insurance"
(in thousands of tenges)
|
Name of indicator |
Code of line |
Amount |
|
1 |
2 |
3 |
|
For the classes "life insurance", "annuity insurance", "life insurance within the state educational accumulative system", "pension annuity insurance" | ||
|
Life insurance contracts on death case | ||
|
The aggregate capital under risk according to life insurance contracts on death case (for up to 3 (three) years) according to which the capital under risk is not negative value ("1113" – "1111") |
1110 |
|
|
The amount of the created insurance reserves |
1111 |
|
|
Overcautious person's share in insurance reserves |
1112 |
|
|
Cumulative insurance sum according to life insurance contracts on death case |
1113 |
|
|
Overcautious person's share in insurance sum |
1114 |
|
|
The aggregate capital under risk according to life insurance contracts on death case (from 3 (three) up to 5 (five) years) according to which the capital under risk is not negative value ("1123" – "1121") |
1120 |
|
|
The amount of the created insurance reserves |
1121 |
|
|
Overcautious person's share in insurance reserves |
1122 |
|
|
Cumulative insurance sum according to life insurance contracts on death case |
1123 |
|
|
Overcautious person's share in insurance sum |
1124 |
|
|
The aggregate capital under risk according to other life insurance contracts on death case according to which the capital under risk is not negative value ("1133" – "1131") |
1130 |
|
|
The amount of the created insurance reserves |
1131 |
|
|
Overcautious person's share in insurance reserves |
1132 |
|
|
Cumulative insurance sum according to life insurance contracts on death case |
1133 |
|
|
Overcautious person's share in insurance sum |
1134 |
|
|
The capital under risk according to the life insurance contracts on death case signed for the previous financial year ("1110" + "1120" + "1130") |
1140 |
|
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