ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of August 26, 2014 No. 485

About modification and amendments in some decisions of the Government of the Kyrgyz Republic

For the purpose of enhancement of licensed authorization system of the Kyrgyz Republic, according to article 33 of the Law of the Kyrgyz Republic "About licensed authorization system in the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Bring in the order of the Government of the Kyrgyz Republic "About approval of the Regulations on procedure of payments of standard rates of contributions to insurance (technical) reserves of insurance companies of the Kyrgyz Republic" of August 5, 2009 No. 500 the following change:

in Regulations on procedure of payments of standard rates of contributions to insurance (technical) reserves of insurance companies of the Kyrgyz Republic", approved by the above-stated resolution:

- state Item 7 in the following edition:

"7. Insurance (technical) reserves are created by insurance company separately on types of insurance, stipulated by the legislation the Kyrgyz Republic.".

2. Bring in the order of the Government of the Kyrgyz Republic "About approval of regulations on the organization of insurance by the Islamic principles (такафул) and about the securities issued by the Islamic principles of financing (сукук)" of September 12, 2009 No. 578 the following changes:

in Regulations on the organization of insurance by the Islamic principles (такафул), approved by the above-stated resolution:

- in Item 5 of the word "special permission (license)" to replace with the word "license";

- in the subitem 21 of Item 6 of the word "permission (license)" to replace with the word "license";

- Item 23 in paragraph six to "response" to replace the word with the word to "cancellation";

- in the name of Chapter 8 of the word "or response" to exclude;

- state Item 39 in the following edition:

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