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

of September 25, 2004 No. 274

About approval of Rules of issue by the insurance company performing activities for accumulative insurance, loans to the insurers and calculation of the redemption amount, and also procedure and conditions of provision of services by the branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan performing activities for accumulative insurance, for issue by the insurance nonresident organization of the Republic of Kazakhstan of loans to the insurers

(as amended on 09-04-2025)

For the purpose of enhancement of the regulatory legal acts regulating activities of the insurance companies performing activities in industry "life insurance", Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Approve the enclosed Rules of issue by the insurance company performing activities for accumulative insurance, loans to the insurers and calculation of the redemption amount and also procedure and conditions of provision of services by the branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan performing activities for accumulative insurance, for issue by the insurance nonresident organization of the Republic of Kazakhstan of loans to the insurers.

2. This resolution becomes effective after fourteen days from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan.

3. To department of supervision of subjects of the insurance market and other financial organizations (Karimullin A. A.):

1) together with Legal department (Baysynov M. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan to bring this resolution to the attention of the interested divisions of the Agency, the insurance (reinsurance) organizations.

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