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Ministry of Justice

Russian Federation

On September 9, 2015 No. 38865

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of July 28, 2015 No. 3743-U

About procedure of payments insurance company of normative ratio of own means (capital) and undertaken obligations

(as amended on 02-07-2021)

This Instruction based on article 25 of the Law of the Russian Federation of November 27, 1992 No. 4015-1 "About the organization of insurance case in the Russian Federation" (Sheets of the Congress of People's Deputies of the Russian Federation and the Supreme Council of the Russian Federation, 1993, No. 2, Art. 56; Russian Federation Code, 1998, No. 1, Art. 4; 1999, No. 47, Art. 5622; 2002, No. 12, Art. 1093; No. 18, Art. 1721; 2003, No. 50, Art. 4855, Art. 4858; 2004, No. 30, Art. 3085; 2005, No. 10, Art. 760; No. 30, Art. 3101, Art. 3115; 2007, No. 22, Art. 2563; No. 46, Art. 5552; No. 49, Art. 6048; 2009, No. 44, Art. 5172; 2010, No. 17, Art. 1988; No. 31, Art. 4195; No. 49, Art. 6409; 2011, No. 30, Art. 4584; No. 49, Art. 7040; 2012, No. 53, Art. 7592; 2013, No. 26, Art. 3207; No. 30, Art. 4067; No. 52, Art. 6975; 2014, No. 23, Art. 2934; No. 30, Art. 4224; No. 45, Art. 6154; 2015, No. 10, Art. 1409; No. 27, of the Art. 4001) (further - the Law of the Russian Federation "About the organization of insurance case in the Russian Federation") establishes procedure of payments insurance company of normative ratio of own means (capital) and undertaken obligations (including determines the indicators used for such calculation).

1. This Instruction does not extend to medical insurance companies regarding transactions on compulsory medical insurance.

2. The normative ratio of own means (capital) and undertaken obligations (further - normative ratio) is calculated insurance company as the relation of the actual size of margin of solvency to the normative size of margin of solvency and reflects sufficiency of own means (capital) of insurance company.

The actual size of margin of solvency of insurance company shall not be less normative size of margin of solvency of the specified insurance company.

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