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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of March 1, 2024 No. PP-108

About complex measures for further market development of insurance services

(as amended of the Presidential decree of the Republic of Uzbekistan of 24.12.2024 No. UP-224)

For the purpose of further development of the insurance market, increase in promoting and quality of insurance services by widespread introduction of modern information technologies, and also further enhancement of regulation of this sphere:

1. Establish since September 1, 2024 procedure according to which:

registration of insurance contracts (reinsurance) and execution of insurance policies on all types of insurance by means of the Single automated information system are obligatory;

practice of execution of insurance policies on all types of insurance only in paper form is cancelled;

not execution of insurance policies by means of Single to the automated information system is the basis for recognition their invalid and is recognized single gross violation of licensed requirements and conditions of the insurer;

The national agency of perspective projects conducts the rating of insurers on quality of the rendered insurance services and publishes in mass media.

2. Approve:

"Road map" on further market development of insurance services of the Republic of Uzbekistan according to appendix No. 1;

the minimum sizes of the differentiated authorized capital of insurers according to appendix No. 2.

3. Agree with the offer of the National agency of perspective projects (further - the Agency) and Fund of guaranteeing insurance payments (further - Fund) about voluntary conveyance by Fund on balance of the Agency at book value of the Single automated information system of registration and control of turnover of all insurance policies, the Automated information system "Insurance of Vehicles of the Republic of Uzbekistan", the Single insurance portal of Uzbekistan, the Unified register of insurance policies and the Single mobile application "E-Sugurta Servis".

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