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

of November 15, 2023 No. 84

About introduction of amendments to the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of April 27, 2020 No. 50 "About approval of Rules of exchange of electronic information resources between the insurer (insured, the beneficiary) and the insurer, Rules of the notification on the conclusion of the insurance contract and requirements to contents of the notification, Requirements to the program technical means and Internet resources of the insurance (reinsurance) organization, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan providing the conclusion of insurance contracts, exchange of electronic information resources between the insurer and the insurer"

Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Bring in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of April 27, 2020 No. 50 "About approval of Rules of exchange of electronic information resources between the insurer (insured, the beneficiary) and the insurer, Rules of the notification on the conclusion of the insurance contract and requirements to contents of the notification, Requirements to the program technical means and Internet resources of the insurance (reinsurance) organization, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan providing the conclusion of insurance contracts, exchange of electronic information resources between the insurer and the insurer" (it is registered in the Register of state registration of regulatory legal acts at No. 20514) the following changes:

state heading in the following edition:

"About approval of Rules of exchange of electronic information resources between the organization for forming and maintaining the database and the insurer, the insurer and the insurer (insured, the beneficiary), Rules of the direction the organization for forming and maintaining the database of the notification on the conclusion of the insurance contract and settlement of insured events, Requirements to the program technical means and Internet resources of the insurance (reinsurance) organization, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan providing the conclusion of insurance contracts, exchange of electronic information resources between the insurer and the insurer";

to state preamble and Item 1 in the following edition:

"According to Items 3 and 4 of Article 15-2, the subitem 24) article 43 of the Law of the Republic of Kazakhstan "About insurance activity" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve:

1) Rules of exchange of electronic information resources between the organization for forming and maintaining the database and the insurer, the insurer and the insurer (insured, the beneficiary) according to appendix 1 to this resolution;

2) Rules of the direction the organization for forming and maintaining the database of the notification on the conclusion of the insurance contract and settlement of insured events according to appendix 2 to this resolution;

3) Requirements to the program technical means and Internet resources of the insurance (reinsurance) organization, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan providing the conclusion of insurance contracts, exchange of electronic information resources between the insurer and the insurer according to appendix 3 to this resolution.";

state appendix 1 in edition according to appendix 1 to this resolution;

state appendix 2 in edition according to appendix 2 to this resolution;

in Requirements to the program technical means and Internet resources of the insurance (reinsurance) organization, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan providing the conclusion of the insurance contracts, exchange of electronic information resources between the insurer and the insurer approved by the specified resolution:

state Item 1 in the following edition:

"1. These Requirements to the program technical means and Internet resources of the insurance (reinsurance) organization, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan providing the conclusion of insurance contracts, exchange of electronic information resources between the insurer and the insurer (further - Requirements) are developed according to the Law of the Republic "About insurance activity" (further - the Law) and determine requirements to the program technical means and Internet resources of the insurance (reinsurance) organization (further - the insurer) providing the conclusion of insurance contracts, exchange of electronic information resources between the insurer and the insurer.";

state Items 3 and 4 in the following edition:

"3. The insurer maintains permanent working capacity and provides smooth functioning of the program technical means and Internet resources providing the conclusion of insurance contracts and settlement of insured events, exchange of electronic information resources between the insurer (insured, who was injured the beneficiary) and the insurer.

4. Program technical means of the insurer provide:

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