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LAW OF UKRAINE

of November 22, 2023 No. 3497-IX

About introduction of amendments to the Law of Ukraine "About financial mechanisms of stimulation of export activities" concerning investment insurance in Ukraine from war risks

The Verkhovna Rada of Ukraine decides:

I. Introduce in the Law of Ukraine "About financial mechanisms of stimulation of export activities" (Sheets of the Verkhovna Rada of Ukraine, 2017, No. 4, Art. 43 with the following changes) the following changes:

1. The second Article 1 to state part in the following edition:

"2. The terms "responsible actuary", "reinsurance", "overcautious person", "insurer", "insurance", "insurance risk", "insured event", "insurance sum", "insurance payment", "insurance rate", "insurance premium" are used in this law in the values given in the Law of Ukraine "About insurance".

The terms "goodwill", "measures of early intervention", "essential participation", "head", "комплаенс", "conflict of interest", "structure of property of the legal entity", "affiliate", "related person", "internal control system", "financial institution" are used in this Law in the values given in the Law of Ukraine "About financial services and finance companies".

2. The second articles 2 after paragraph one to add part with the new paragraph of the following content:

"EKA performs activities for insurance according to requirements of the Law of Ukraine "About insurance" taking into account the features established by this Law".

With respect thereto to consider paragraph two the paragraph third.

3. In Article 3 part two:

Item 1 after the words "from the government budget" to add 1) with the words "or from other sources provided by the law";

To add 2) with item 4 of the following content:

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