INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of February 22, 2017 No. 4298-U

About procedure for investment of own means (capital) for the insurer and the list of the assets permitted for investment

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, Art. 3946, Art. 4001; No. 29, Art. 4357, Art. 4385; No. 48, Art. 6715; 2016, №1, of Art. 52; No. 22, Art. 3094; No. 26, Art. 3863, Art. 3891; No. 27, the Art. 4225, the Art. 4294, the Art. 4296) (further - the Law of the Russian Federation "About the organization of insurance case in the Russian Federation") and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of February 20, 2017 No. 4) establish the list of the assets permitted for investment and the procedure for investment of own means (capital) for the insurer providing requirements to issuers of securities and (or) issues of securities depending on the assigned credit scores, inclusion in quoted lists by organizers of trade in the security market to structure of assets in which placement of part of own means (capital) of insurers is allowed (including the requirements providing most permitted percent of cost of each asset type or group of assets from the size of own means (capital) of the insurer or their part).

1. The total cost of assets in which own means (capital) of the insurer are invested shall be equal to the total size of own means (capital) of the insurer.

2. The asset cost in which own means (capital) of the insurer are invested is determined for calculating date in assessment by accounting data if other is not established by the legislation of the Russian Federation.

By bank inquiries of Russia or its territorial offices information on assets in which own means (capital) of the insurer are invested allowing to check fulfillment of requirements of this Instruction, is determined for the date specified in requests. If for confirmation of accomplishment of structural ratios on the specified request it is impossible to calculate any of the indicators necessary for such calculation, it is accepted equal to its size for the next date on which it is possible to calculate it.

3. Investment of own means (capital) of the insurer into asset (part of asset) in which means of insurance reserves are invested is not allowed.

4. Assets in which own means (capital) of the insurer are invested in the amount of specified in Item 5 of this Instruction, cannot be pledge subject.

5. Own means (capital) of the insurer (except the medical insurance companies performing only compulsory medical insurance) in the amount of the greatest of two indicators - the minimum size of the authorized capital established by the Law of the Russian Federation "About the organization of insurance case in the Russian Federation" or the normative size of margin of solvency calculated according to the procedure, No. 3743-U established by the Instruction of the Bank of Russia of July 28, 2015 "About procedure of payments by insurance company of normative ratio of own means (capital) and undertaken obligations", the registered Ministry of Justice of the Russian Federation on September 9, 2015 No. 38865, on March 2, 2017 No. 45826, on August 1, 2017 No. 47610 (further - the Instruction of the Bank of Russia No. 3743-U), - are invested in the asset types specified in Item 6 of this Instruction taking into account the requirements established in Item 7 of this Instruction.

Own means (capital) of the medical insurance company performing only compulsory medical insurance are invested in the asset types specified in Item 6 of this Instruction taking into account the requirements established in Item 7 of this Instruction in the amount of the minimum authorized capital established by the Law of the Russian Federation "About the organization of insurance case in the Russian Federation".

6. Insurers invest own means (capital) in the amount of, specified in Item 5 of this Instruction, in the following asset types taking into account the requirements specified in Item 7 of this Instruction.

6.1. Government securities of the Russian Federation and securities on which obligation fulfillment is guaranteed by the Russian Federation (including by guaranteeing obligation fulfillment, following from the bank guarantees and (or) guarantees providing obligation fulfillment, following from the specified securities).

6.2. Government securities of subjects of the Russian Federation.

6.3. Municipal securities.

6.4. Shares.

6.5. The bonds which are not relating to the securities specified in subitems 6.1 - 6.3, 6.10 this Item.

6.6. The money placed in the deposits including certified by deposit certificates.

6.7. Remaining balance on the depersonalized metal accounts.

6.8. Real estate: buildings, residential and non-residential premises, parcels of land.

6.9. Money on bank accounts.

6.10. Bonds with mortgage covering.

6.11. Not overdue receivables of legal entities and physical persons (including individual entrepreneurs).

6.12. Receivables of insurers which resulted from calculations for direct indemnification in accordance with the legislation of the Russian Federation about obligatory civil liability insurance of owners of vehicles.

6.13. Deferred tax assets.

6.14. Receivables on taxes and fees (including advance payments and overpayment on them).

6.15. Receivables according to the income which is receivable (added) percentage (coupon, discount and to another) on the assets specified in subitems 6.1 - 6.7, 6.9, 6.10 these Items.

6.16. The debt of partners to the insurer resulting from the conclusion the insurer of the repurchase agreements determined by article 51.3 of the Federal Law of April 22, 1996 No. 39-FZ "About the security market" (The Russian Federation Code, 1996, No. 17, Art. 1918; 2001, No. 33, Art. 3424; 2002, No. 52, Art. 5141; 2004, No. 27, Art. 2711; No. 31, Art. 3225; 2005, No. 11, Art. 900; No. 25, Art. 2426; 2006, No. 1, Art. 5; No. 2, Art. 172; No. 17, Art. 1780; No. 31, Art. 3437; No. 43, Art. 4412; 2007, No. 1, Art. 45; No. 18, Art. 2117; No. 22, Art. 2563; No. 41, Art. 4845; No. 50, Art. 6247; 2008; No. 52, Art. 6221; 2009, No. 1, Art. 28; No. 18, Art. 2154; No. 23, Art. 2770; No. 29, Art. 3642; No. 48, Art. 5731; No. 52, Art. 6428; 2010, No. 17, Art. 1988; No. 31, Art. 4193; No. 41, Art. 5193; 2011, No. 7, Art. 905; No. 23, Art. 3262; No. 29, Art. 4291; No. 48, Art. 6728; No. 49, Art. 7040; No. 50, Art. 7357; 2012, No. 25, Art. 3269; No. 31, Art. 4334; No. 53, Art. 7607; 2013, No. 26, Art. 3207; No. 30, Art. 4043, Art. 4082, Art. 4084; No. 51, Art. 6699; No. 52, Art. 6985; 2014, No. 30, Art. 4219; 2015, No. 1, Art. 13; No. 14, Art. 2022; No. 27, Art. 4001; No. 29, Art. 4348, Art. 4357; 2016, No. 1, Art. 50, Art. 81; No. 27, Art. 4225).

7. Assets in which own means (capital) of the insurer are invested in the amount of specified in Item 5 of this Instruction, shall conform to the following requirements.

7.1. The securities specified in subitems 6. 2, 6.3, 6.5 of Item 6 of this Instruction, belonging to the assets which are in the territory of the Russian Federation shall correspond to one of the following requirements:

the issuer (release) of security or the guarantor (guarantor) on such securities has credit rating not lower than the level, the Bank of Russia established by the Board of directors;

securities are included in the quoted list of the first (highest) level at least by one organizer of trade in the security market in the Russian Federation (the Russian exchange).

The paragraph the fourth ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 03.09.2018 No. 4897-U

7.2. The securities specified in subitem 6.5 of Item 6 of this Instruction, which are not relating to the assets which are in the territory of the Russian Federation (except for the securities issued by international financial institutions), shall correspond to one of the following requirements:

the issuer (release) of security or the guarantor (guarantor) on such securities has credit rating not lower than the level, the Bank of Russia established by the Board of directors;

securities are included (or concerning securities the procedure of listing) in the quoted list of the first (highest) level at least one organizer of trade in the security market in the Russian Federation (the Russian exchange) or in the list of sheets (lists, the markets, segments) of the foreign exchanges established by the Provision of the Bank of Russia of February 24, 2016 No. 534-P "About the admission of securities to the organized biddings", the registered Ministry of Justice of the Russian Federation on April 28, 2016 No. 41964, on January 24, 2017 No. 45369 (further - the Provision of the Bank of Russia No. 534-P is begun), in case of inclusion in which securities can join in the first (highest) quoted list of the Russian exchanges.

7.3. The securities issued by international financial institutions shall be included in the Lombard list of the Bank of Russia according to the Instruction of the Bank of Russia of August 10, 2012 No. 2861-U "About the list of the securities entering the Lombard list of the Bank of Russia", the registered Ministry of Justice of the Russian Federation on September 26, 2012 No. 25541, on May 8, 2013 No. 28350, on November 14, 2014 No. 34697, on December 11, 2014 No. 35134, on January 16, 2015 No. 35560 (further - the Instruction of the Bank of Russia No. 2861-U).

7.4. The securities specified in subitem 6.4 of Item 6 of this Instruction shall conform to the following requirements.

7.4.1. The securities relating to the assets which are in the territory of the Russian Federation shall be included in the quoted list of the first (highest) level at least by one organizer of trade in the security market in the Russian Federation (the Russian exchange).

7.4.2. The securities which are not relating to the assets which are in the territory of the Russian Federation shall be included (or concerning securities the procedure of listing is begun) in the quoted list of the first (highest) level at least by one organizer of trade in the security market in the Russian Federation (the Russian exchange) or in the list of sheets (lists, the markets, segments) of the foreign exchanges established by the Provision of the Bank of Russia No. 534-P, in case of inclusion in which securities can join in the first (highest) quoted list of the Russian exchanges.

7.5. The assets specified in subitems 6. 6, 6.7, 6.9 of Item 6 of this Instruction, shall be placed in the credit institutions having credit ratings is not lower than the level established by the Board of directors of the Bank of Russia.

Paragraph two of ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 03.09.2018 No. 4897-U

7.6. The assets specified in subitem 6.8 of Item 6 of this Instruction shall conform to the following requirements.

7.6.1. Market value of real estate object shall be confirmed by the independent appraiser with frequency at least once a year in accordance with the legislation of the Russian Federation.

7.6.2. Own means (capital) of the insurer are invested in real estate objects at the cost which is not exceeding their market value.

7.6.3. The following restrictions (encumbrances) are not imposed on real estate object:

arrest;

prohibition on sale or other alienation;

rent of the real estate which is in individual or common ownership of citizens of the Russian Federation.

7.6.4. The property right of the insurer to real estate objects shall be registered in accordance with the legislation of the Russian Federation.

7.7. The assets specified in subitem 6.10 of Item 6 of this Instruction shall conform at the same time to the requirements established by paragraphs second and third this subitem and at least than one of the requirements established by paragraphs the fourth - the sixth this subitem:

objects of construction in progress shall not be part of mortgage covering;

the size of mortgage covering on date of issue shall more than by one and a half times to exceed the amount of obligations on payment of nominal value of release (except for bonds with mortgage covering which issuer is the credit institution);

the issuer (release) of security has credit rating not lower than the level, the Bank of Russia established by the Board of directors;

securities are included in the quoted list of the first (highest) level at least by one organizer of trade in the security market in the Russian Federation (the Russian exchange);

obligation fulfillment of the issuer on issue of securities in full or is partially provided with the state guarantees of the Russian Federation or the solidary guarantee of "Agency for housing mortgage lending" joint-stock company.

7.8. Concerning receivables of insurers specified in subitem 6.12 of Item 6 of this Instruction, the size of receivables in which own means (capital) of the insurer are invested shall be determined by one of the following formulas:

                                                                                               DZOSAGO = (DZ - KZ) on condition of ST = 0,

                                                                                       DZOSAGO = (DZ - KZ) - ST under condition (DZ - KZ)> ST,

where:

DZOSAGO - receivables of insurers which resulted from calculations for direct indemnification in accordance with the legislation of the Russian Federation about obligatory civil liability insurance of owners of vehicles in which own means (capital) of the insurer are invested;

DZ - receivables of insurers which resulted from calculations for direct indemnification in accordance with the legislation of the Russian Federation about obligatory civil liability insurance of owners of vehicles;

KZ - the accounts payable which resulted from settlings with insurers on direct indemnification in accordance with the legislation of the Russian Federation about obligatory civil liability insurance of owners of vehicles;

ST - insurance reserve for compensation for expenses on implementation of insurance payments and direct indemnification in subsequent periods (the stabilization reserve on obligatory civil liability insurance of owners of vehicles created according to the Provision of the Bank of Russia No. 558-P.

If DZOSAGO indicator size less 0, that for the purpose of calculation it is accepted equal 0.

7.9. The deferred tax assets specified in subitem 6.13 of Item 6 of this Instruction shall not be deferred tax assets on the tax losses postponed for the future and shall be reduced by the amount of deferred tax liabilities. Own means (capital) of the insurer are invested in difference between the amount of the postponed assets and the amount of deferred tax liabilities in the amount which is not exceeding the income tax which is actually paid by the insurer for the last four quarters.

7.10. Receivables on taxes and fees (including advance payments and overpayment on them) specified in subitem 6.14 of Item 6 of this Instruction shall be reduced by the accounts payable amount on taxes and fees.

7.11. Own means (capital) of the insurer are invested in receivables on receivable (added) percentage (coupon, discount and to another) to the income on the assets specified in subitems 6.1 - 6.7, 6.9, 6.10 Items 6 of this Instruction if it is not overdue and own means (capital) of the insurer in the amount of, specified in Item 5 of this Instruction, or means of insurance reserves are invested in the specified assets.

7.12. The assets specified in subitems 6.1 - 6.5, 6.8, 6.10 Items 6 of this Instruction in which own means (capital) of the insurer are invested in the amount of specified in Item 5 of this Instruction, shall be completely paid by the insurer money, and there shall be no debt of the insurer on their payment.

Requirements of this Item on payment of assets by money do not extend to the assets acquired by the conclusion of the transactions made at the organized biddings and on assets, the rights for which are acquired on a grant basis.

7.13. The assets specified in subitem 6.16 of Item 6 of this Instruction shall conform at the same time to the requirements established by paragraphs the second - the fourth this subitem, and at least than one of the requirements established by paragraphs the fifth and sixth this subitem:

the debt is connected with execution of requirements and agreement obligations of repo;

the debt of partners does not exceed the total cost of the securities received by the insurer as a result of execution of requirements and agreement obligations of repo;

the partner according to the repurchase agreement signed with the insurer is the central partner or the professional participant of the security market;

the partner according to the repurchase agreement signed with the insurer has credit rating not lower than the level, the Bank of Russia established by the Board of directors;

the securities received by the insurer as a result of execution of requirements and agreement obligations of repo meet requirements of subitems 7.1 - 7.4, 7.7, 7.14 Items 7 of this Instruction.

7.14. Own means (capital) of the insurer shall not be invested in the following asset types:

securities at the time of which acquisition it was known that concerning their issuers sanitation is performed or insolvency proceeding (observation, external management, bankruptcy proceedings) in accordance with the legislation of the Russian Federation about insolvency (bankruptcy) is entered or such procedure was applied to their issuers during two previous years;

securities concerning which their sales agreement (or other agreement providing their alienation) in the future is signed (except for repurchase agreements);

the paragraph the fourth ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 09.01.2018 No. 4682-U

the securities reflected in accounting (financial) records of the insurer as received on the transactions made on returnable basis;

receivables of persons concerning whom sanitation is performed or are entered insolvency proceeding (observation, external management, bankruptcy proceedings) in accordance with the legislation of the Russian Federation about insolvency (bankruptcy);

earth of agricultural purpose;

the parcels of land for individual housing construction;

assets which it is seized;

the assets received according to loan agreements and (or) credit agreements and (or) acquired by the insurer at the expense of the means received according to current agreements of loan and (or) credit agreements (except for the agreements of the subordinated loans provided by the Law of the Russian Federation "About the organization of insurance case in the Russian Federation", included in calculation of normative ratio of own means (capital) of the insurer and undertaken obligations);

subordinated bonds;

subordinated deposits.

7.15. Receivables specified in subitem 6.11 of Item 6 of this Instruction shall not include debt of shareholders (participants) on fees in the authorized capital.

8. For the purpose of this Instruction the assets which are in the territory of the Russian Federation are the following assets.

8.1. Government securities of the Russian Federation and securities on which obligation fulfillment is guaranteed by the Russian Federation (including by guaranteeing obligation fulfillment, following from the bank guarantees and (or) guarantees providing obligation fulfillment, following from the specified securities).

8.2. Government securities of subjects of the Russian Federation.

8.3. Municipal securities.

8.4. Other securities specified in subitems 6. 4, 6.5, 6.10 Item 6 of this Instruction, issued (issued) by residents of the Russian Federation.

8.5. Money on accounts, and also the money placed in the deposits including certified by deposit certificates and also remaining balance on the depersonalized metal accounts in the credit institutions which are residents of the Russian Federation.

8.6. The real estate located in the territory of the Russian Federation.

8.7. Not overdue receivables of legal entities and physical persons (including individual entrepreneurs) - residents of the Russian Federation.

8.8. Receivables of insurers which resulted from calculations for direct indemnification in accordance with the legislation of the Russian Federation about obligatory civil liability insurance of owners of vehicles.

8.9. The deferred tax assets which arose from the transactions performed in the territory of the Russian Federation.

8.10. Receivables on taxes and fees (including advance payments and overpayment on them).

8.11. Receivables according to the income which is receivable (added) percentage (coupon, discount and to another) on the assets specified in subitems 6.1 - 6.3 Items 6 of this Instruction.

8.12. Receivables on receivable (added) percentage (coupon, discount and to another) to the income on the assets specified in subitems 6.4 - 6.7, 6.9 and 6.10 of Item 6 of this Instruction, debtor (the issuer or bank respectively) which are resident of the Russian Federation.

8.13. The debt of the partners who are residents of the Russian Federation, to the insurer, resulting from the conclusion the insurer of repurchase agreements.

9. In case of the conclusion the insurer of repurchase agreements according to which at the same time received asset meets requirements of this Instruction and the asset given by the insurer to the seller or the buyer according to the repurchase agreement does not meet requirements of this Instruction, for the purpose of this Instruction the size of own means (capital) of the insurer specified in Item 5 of this Instruction increases by aggregate value of the received assets.

10. Assets in which own means (capital) of the insurer are invested shall meet the requirements providing most permitted percent of cost of each asset type or group of assets from the size of own means (capital) of the insurer or their part, specified in appendix to this Instruction (further - requirements to structure of assets).

The total asset cost in which own means (capital) of the insurer are invested in the amount of specified in Item 5 of this Instruction, shall meet the requirements providing most permitted percent of cost of each asset type or group of assets from the size of the indicator specified in Item 5 of this Instruction. The insurer invests own means (capital) in the amount of, specified in Item 5 of this Instruction, in the assets listed in Item 6 of this Instruction and meeting requirements of this Instruction, but not specified in structural ratios without structural ratios.

The total asset cost in which own means (capital) of the insurer are invested in the amount of exceeding specified in Item 5 of this Instruction, shall meet the requirements providing most permitted percent of cost of each asset type or group of assets from the size exceeding specified in Item 5 of this Instruction. The insurer invests own means (capital) in the amount of, exceeding specified in Item 5 of this Instruction, in the assets taking into account requirements of Item 11 of this Instruction which are not specified in structural ratios without structural ratios.

The extreme sizes of the permitted percent provided by the lines of structural ratios limiting most permitted percent of cost of each asset type or group of assets with part from the size specified in Item 5 of this Instruction are not applied in case of the investment of own means (capital) of the insurer in the amount of exceeding specified in Item 5 of this Instruction.

11. The insurer has the right to invest own means (capital) in the amount of, exceeding specified in Item 5 of this Instruction, in any assets, except for the following:

bills of exchange of physical persons and legal entities;

securities at the time of which acquisition it was known that concerning their issuers sanitation is performed or insolvency proceeding (observation, external management, bankruptcy proceedings) in accordance with the legislation of the Russian Federation about insolvency (bankruptcy) is entered or such procedure was applied to their issuers during two previous years;

securities concerning which their sales agreement is signed (or other agreement providing their alienation) in the future (except for securities concerning which the repurchase agreement is signed);

the paragraph the fifth ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 09.01.2018 No. 4682-U

the securities reflected in accounting (financial) records of the insurer as received on the transactions made on returnable basis;

receivables of persons concerning whom sanitation is performed or are entered insolvency proceeding (observation, external management, bankruptcy proceedings) in accordance with the legislation of the Russian Federation about insolvency (bankruptcy);

receivables of insurers, overcautious persons, reinsurers, insurers (except for receivables of insurers which resulted from calculations for direct indemnification in accordance with the legislation of the Russian Federation about obligatory civil liability insurance of owners of vehicles) and insurance agents on transactions of insurance, joint insurance and reinsurance;

share of overcautious persons in insurance reserves;

depot of awards on the risks accepted in reinsurance;

loans to insurers according to life insurance contracts;

the loans issued to physical persons;

debt of shareholders (participants) on fees in the authorized capital;

intangible assets;

receivables delayed more than for 30 calendar days;

deferred tax asset on the tax losses postponed for the future;

subordinated bonds;

subordinated deposits;

subordinated loans.

12. The relation of borrowed funds of the insurer (the attracted loans and loans including made by issue of bills of exchange, release and sale of bonds and also the accounts payable which resulted from the conclusion of repurchase agreements) to own means (capital) of the insurer shall not exceed 30 percent.

13. For the purposes of compliance of assets to requirements of this Instruction levels (border of levels) of ratings and feature of their application are established by the Board of directors of the Bank of Russia.

14. Investment of own means (capital) can be performed by the insurer independently, and also by transfer to trust management to the managing companies which are residents of the Russian Federation.

By transfer to trust management of own means (capital) of the insurer the requirements provided by this Instruction shall be fulfilled.

15. This Instruction becomes effective after 10 days after day of its official publication.

16. Insurers need to give structure and structure of assets in which own means (capital) of the insurer, are invested in compliance with this Instruction within 20 calendar days from the date of entry into force of this Instruction.

17. Own means (capital) of the insurer can be invested in the assets specified in subitem 6.4 of Item 6 of this Instruction, not conforming to requirements of subitem 7.4 of Item 7 of this Instruction, till July 1, 2017 if own means (capital) of the insurer or means of insurance reserves were invested by the insurer in these assets about day of entry into force of this Instruction.

18. Ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 03.09.2018 No. 4897-U

19. From the date of entry into force of this Instruction to recognize invalid:

Instruction of the Bank of Russia of November 16, 2014 No. 3445-U "About procedure for investment of own means (capital) for the insurer and the list of the assets permitted for investment", registered by the Ministry of Justice of the Russian Federation on December 22, 2014 No. 35295;

Instruction of the Bank of Russia of March 9, 2016 No. 3974-U "About modification of the Instruction of the Bank of Russia of November 16, 2014 No. 3445-U "About procedure for investment of own means (capital) for the insurer and the list of the assets permitted for investment", registered by the Ministry of Justice of the Russian Federation on April 4, 2016 No. 41658.

Appendix

to the Instruction of the Bank of Russia of February 22, 2017 No. 4298-U "About procedure for investment of own means (capital) for the insurer and the list of the assets permitted for investment"

Requirements to structure of assets

 

№ of payment order	Asset types in which own means (capital) of the insurer are invested	The limiting permitted percent
1	2	3
1	Cost of government securities of subjects of the Russian Federation and municipal securities	No more than 45% of the size specified in Item 5 of this Instruction
2	Cost of government securities of one subject of the Russian Federation	No more than 40% of the size specified in Item 5 of this Instruction
3	Cost of municipal securities of one local government body	No more than 40% of the size specified in Item 5 of this Instruction
4	Maximum amount of the money placed in deposits, including certified by deposit certificates and also remaining balance on the depersonalized metal accounts in credit institutions	No more than 60% of the size specified in Item 5 of this Instruction
5	The cash amount, placed in the deposits including certified by deposit certificates, and also remaining balance on the depersonalized metal accounts in the credit institutions having credit rating is not lower than the upper bound of the level established by the Board of directors of the Bank of Russia	No more than 60% of the size specified in Item 5 of this Instruction
6	The cash amount, placed in the deposits including certified by deposit certificates, and also remaining balance on the depersonalized metal accounts in the credit institutions having credit rating is not lower than the lower bound, but below the upper bound of the level established by the Board of directors of the Bank of Russia	No more than 50% of the size specified in Item 5 of this Instruction
7	Maximum amount of the money placed in deposits, including certified by deposit certificates and also remaining balance on the depersonalized metal accounts in one credit institution	No more than 25% of the size specified in Item 5 of this Instruction
8	Share value	No more than 20% of the size specified in Item 5 of this Instruction
9	Bond value (except government securities of the Russian Federation and securities on which obligation fulfillment is guaranteed by the Russian Federation (including by guaranteeing obligation fulfillment, following from the bank guarantees and (or) guarantees providing obligation fulfillment, following from the specified securities), government securities of subjects of the Russian Federation, municipal securities and mortgage securities)	No more than 45% of the size specified in Item 5 of this Instruction
10	Voided according to the Instruction of the Central bank of the Russian Federation of 03.09.2018 No. 4897-U
11	Real estate value	No more than 40% of the size specified in Item 5 of this Instruction
12	Cost of one real estate object	No more than 25% of the size specified in Item 5 of this Instruction
13	Total bond value with mortgage covering	No more than 25% of the size specified in Item 5 of this Instruction
14	The maximum bond value with mortgage covering, conforming to the requirement of the paragraph of the fourth or fifth subitem 7.7 of Item 7 of this Instruction	No more than 10% of the size specified in Item 5 of this Instruction
15	The maximum bond value with mortgage covering, conforming to the requirement of the paragraph of the sixth subitem 7.7 of Item 7 of this Instruction	No more than 25% of the size specified in Item 5 of this Instruction
16	Bond value with mortgage covering, conforming to the requirement of the paragraph of the sixth subitem 7.7 of Item 7 of this Instruction, within one release	No more than 20% of the size specified in Item 5 of this Instruction
17	Bond value with mortgage covering, to conforming requirement of the paragraph of the sixth subitem 7.7 of Item 7 of this Instruction, one initial creditor for obligations according to which monetary claims are pledge subject of bonds with mortgage covering	No more than 20% of the size specified in Item 5 of this Instruction
18	Total asset cost, specified in subitems 6. 11, 6.16 Items 6 of this Instruction	No more than 15% of the size specified in Item 5 of this Instruction
19	Total asset cost in which own means (capital) of the insurer are invested, not relating to being in the territory of the Russian Federation	No more than 35% of the size specified in Item 5 of this Instruction
20	The securities issued by international financial institutions and included in the Lombard list of the Bank of Russia according to the Instruction of the Bank of Russia No. 2861-U	No more than 20% of the size specified in Item 5 of this Instruction
21	The total cost of the securities specified in subitems 6. 4, 6.5, 6.10 Item 6 of this Instruction issued (issued, emitted) one legal entity	No more than 10% of the size specified in Item 5 of this Instruction
22	The cost of the securities issued (issued, emitted) one credit institution, the money placed in deposits, including certified by deposit certificates and also remaining balance on the depersonalized metal accounts and the money which is on accounts in the same credit institution	No more than 40% of the size specified in Item 5 of this Instruction
23	Total asset cost, specified in subitems 6.2 - 6.5, 6.10, 6.11, 6.15 Items 6 of this Instruction issued (issued, emitted and others) the parties connected with the insurer, and the assets specified in subitems 6. 6, 6.7, 6.9 of Item 6 of this Instruction, placed (being) on the accounts linked with the insurer of the parties	No more than 25% of the size specified in Item 5 of this Instruction
24	Loan amount, provided to subsidiaries and affiliates	No more than 15% of the amount of assets in which own means (capital) of the insurer are invested in the amount of, exceeding specified in Item 5 of this Instruction
25	Loan amount, provided to legal entities, except specified in line 24 of this table	No more than 5% of the amount of assets in which own means (capital) of the insurer are invested in the amount of, exceeding specified in Item 5 of this Instruction
26	Voided according to the Instruction of the Central bank of the Russian Federation of 03.09.2018 No. 4897-U

 

 

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