ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of July 31, 2003 No. 474

About approval of the Concept of development of the insurance market in the Kyrgyz Republic for 2003 - 2010

For the purpose of further development of insurance in the Kyrgyz Republic, ensuring insurance protection of citizens and legal entities, the Government of the Kyrgyz Republic decides:

1. Approve the enclosed Concept of development of the insurance market in the Kyrgyz Republic for 2003 - 2010.

2. To the ministries, the state committees, administrative departments, state commissions, regional public administrations, local government bodies and professional associations of insurers of the Kyrgyz Republic to be guided by the Concept approved by this resolution.

3. To impose control over the implementation of this resolution on the Ministry of Finance of the Kyrgyz Republic.

Approved by the order of the Government of the Kyrgyz Republic of July 31, 2003 No. 474

The concept of development of the insurance market in the Kyrgyz Republic for 2003 - 2010

Content

Introduction

I. Condition of the insurance market, the analysis of development and the existing problems

II. Purposes, tasks and directions of development of insurance

2.1. Policy on development of voluntary and compulsory insurance

2.2. Policy on ensuring reliability and financial stability of system of insurance

2.3. Policy on development of investing activities of insurance companies

2.4. Policy of stimulation of interest of insurance at the population, enhancement of the taxation and training

2.5. Policy on development of state regulation and supervision

2.6. Policy on development of relations with the international organizations in insurance field

III. The expected results from implementation of the concept

Introduction

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