LAW OF THE REPUBLIC OF KAZAKHSTAN

of January 23, 2024 No. 54-VIII ZRK

About modification and amendments in some legal acts of the Republic of Kazakhstan concerning export credit agency and promotion of export of non-oil goods (works, services)"

Article 1. Make changes and additions to the following legal acts of the Republic of Kazakhstan:

1. In the Civil code of the Republic of Kazakhstan (Special part) of July 1, 1999:

"The legal act of the Republic of Kazakhstan for mutual insurance" shall be replaced with words 1) in part two of Article 814 of the word "the Law of the Republic of Kazakhstan "On mutual insurance" or Export credit agency of Kazakhstan according to the Law of the Republic of Kazakhstan "On regulation of trading activity";

2) Item 2 of article 830 after the word "agent" to add with words ", Export credit agency of Kazakhstan";

3) in Article 840:

to add heading after the word of "insurer" with the word of "(beneficiary)";

add with Item 5 of the following content:

"5. Can pass right to claim of the beneficiary against person responsible for the damages paid as a result of insurance to Export credit agency of Kazakhstan.".

2. In the Budget code of the Republic of Kazakhstan of December 4, 2008:

Subitem 73-2) of Item 1 of Article 3 to state 1) in the following edition:

"73-2) obligation guaranteed by the state on export support - the amount for certain date of outstanding agreement obligations of insurance and to the guarantees provided with the state guarantee of the Republic of Kazakhstan on export support on which the Export credit agency of Kazakhstan does not perform insurance and warranty payments;";

2) in Item 1 of Article 225-1:

"the national company performing functions on export support" shall be replaced with words words "Export credit agency of Kazakhstan";

words "agreements of guarantee," shall be replaced with words "agreements of guarantee on export support";

after the words "on insurance" to add with the words "and to warranty";

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