RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of May 24, 2000 No. 243

About approval of Rules about procedure for modification and amendments in constituent documents of the insurance and reinsurance organizations

For the purpose of enhancement of the insurance legislation the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules about procedure for modification and amendments in constituent documents of the insurance and reinsurance organizations and to enact them after 10 days from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan.

2. To department of insurance supervision (Kurmanov Zh. B.):

1) together with Legal department (Sharipov S. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution and Rules about procedure for modification and amendments of constituent documents of the insurance and reinsurance organizations and issue of permission to their voluntary reorganization and liquidation;

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 and Rules about procedure for modification and amendments in constituent documents of the insurance and reinsurance organizations and issue of permission to their voluntary reorganization and liquidation to data of the interested divisions of central office, regional branches of National Bank of the Republic of Kazakhstan and the insurance (reinsurance) organizations.

3. To impose control of execution of this resolution on the Chairman of National Bank of the Republic of Kazakhstan Marchenko G. A.

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