of March 26, 2012 No. 130
About modification and amendments in 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 March 25, 2006 No. 77 "About approval of Rules of involuntary liquidation of the insurance (reinsurance) organizations"
According to the Law of the Republic of Kazakhstan of December 18, 2000 "About insurance activity" the Board of National Bank of the Republic of Kazakhstan DECIDES:
1. Bring in 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 March 25, 2006 No. 77 "About approval of Rules of involuntary liquidation of the insurance (reinsurance) organizations" (the following changes and the amendment registered in the Register of state registration of regulatory legal acts at No. 4257):
in Rules of involuntary liquidation of the insurance (reinsurance) organizations approved by the specified resolution:
state preamble in the following edition:
"These rules of involuntary liquidation of the insurance (reinsurance) organizations (further - Rules) determine procedure for carrying out involuntary liquidation of the insurance (reinsurance) organization.";
state Item 2 in the following edition:
"2. For the purpose of application of Rules the following concepts are used:
1) minimum price - the price below which lot is not on sale;
2) the starting price - the price with which the biddings on each lot begin and which is not lower than the estimative price of lot;
3) contingencies - costs for urgent needs unplanned by liquidation commission which size does not exceed hundred monthly settlement indicators;
4) creditor committee - the body created from among creditors of the liquidated insurance (reinsurance) organization for the purpose of ensuring interests of creditors and decision making with their participation;
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