RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of June 3, 2002 No. 211

About approval of the Instruction about requirements to method of calculation of insurance insurance reserves (reinsurance) organizations of the Republic of Kazakhstan

For the purpose of implementation of the Law of the Republic of Kazakhstan "About insurance activity" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Instruction about requirements to method of calculation of insurance insurance reserves (reinsurance) organizations of the Republic of Kazakhstan.

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

3. From the date of enforcement of this resolution to declare invalid the resolution of Board of National Bank of the Republic of Kazakhstan of December 25, 1999 No. 442 "About procedure and the amount of forming of insurance reserves by the insurance and reinsurance organizations".

4. To department of banking and insurance supervision (Mekishev A. A.):

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;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution to bring it to the attention of the interested divisions of central office and territorial branches of National Bank of the Republic of Kazakhstan, actuaries and the insurance (reinsurance) organizations.

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

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info