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 December 27, 2004 No. 374

About approval of Rules about increase in the amount of regular insurance payments during operation of agreements of annuity based on the actuarial conclusion and requirements to its content

For the purpose of enhancement of the regulatory legal acts regulating activities of the insurance companies performing activities in industry "life insurance", Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Approve the enclosed Rules about increase in the amount of regular insurance payments during operation of agreements of annuity based on the actuarial conclusion and requirements to its content.

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

3. To department of supervision of subjects of the insurance market and other financial organizations (Karimullin A. A.):

1) together with Legal department (Baysynov M. 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 to bring this resolution to the attention of the interested divisions of the Agency, the insurance (reinsurance) organizations.

4. To provide to department on ensuring activities of the Agency (Nesipbayev R. R.) the publication of this resolution in mass media of the Republic of Kazakhstan.

5. To impose control of execution of this resolution on the vice-chairman of the Agency Dosmukametov K. M.

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