"IS REGISTERED"
Ministry of Justice
Republic of Uzbekistan
On December 14, 2011 No. 1882-2
of November 14, 2011 No. 69
About modification of the Regulations on insurance reserves of insurers
According to the Law of the Republic of Uzbekistan "About insurance activity" (Sheets of Oliy Majlis of the Republic of Uzbekistan, 2002, N 4-5, Art. 68) and the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of October 17, 2011 N 283 "About additional measures for elimination of bureaucratic barriers and reducing the state managerial functions when implementing allowing procedures" (Collection of the legislation of the Republic of Uzbekistan, 2011, N 42, 454) I order to the Art.:
1. Make changes to the Regulations on insurance reserves of insurers approved by the order of the Minister of Finance of the Republic of Uzbekistan of November 20, 2008 N 107 (рег. N 1882 of December 15, 2008) (Collection of the legislation of the Republic of Uzbekistan, 2008, N 52, the Art. 529), according to appendix.
2. This order becomes effective after ten days from the date of its state registration in the Ministry of Justice of the Republic of Uzbekistan.
Minister R. Azimov
Appendix
to the order of the Minister of Finance of the Republic of Uzbekistan of November 14, 2011 369
1. To exclude from paragraph one of Item 6 of the word "in coordination with the State Insurance Supervision Committee".
2. Paragraphs two and third Item 26 to state in the following edition:
"Procedure for forming and use of the RPM are determined in regulations on the reserve of precautionary actions approved by the insurer.
At the same time the insurer shall determine the specific list of precautionary actions which will be financed from the RPM and to provide it for review to the State Insurance Supervision Committee".
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