of July 23, 1998 No. 96
About the organization of insurance in the Kyrgyz Republic
Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on June 30, 1998
The insurance activity is organization activity, having the license, on rendering to physical persons and legal entities for award of services which subject are the certain obligations of the insurer caused by the agreement in case of approach of unknown event, with distribution of risk among large number of persons. subject to the similar risk estimated on the basis of the principle of calculation of large numbers.
1. This Law establishes the basic principles of state regulation of insurance activity.
2. This Law does not extend to the national social insurance. Other types of compulsory insurance and mutual insurance, and also the insurance contract which conditions and procedure are regulated by the Civil code of the Kyrgyz Republic and the laws adopted on its basis.
3. In the Kyrgyz Republic the insurance activity according to the Islamic principles of insurance can be performed. Features of legal regulation of insurance activity according to the Islamic principles of insurance are established by the laws and acts of the Cabinet of Ministers of the Kyrgyz Republic adopted according to them.
For the purpose of this Law the following concepts are applied:
the insurer - the citizen or the legal entity who signed the insurance contract with insurance company (insurer);
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The document ceased to be valid since November 3, 2025 according to article 82 of the Law of the Kyrgyz Republic of April 29, 2025 No. 89.