ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF UZBEKISTAN

of July 7, 2017 No. 95

About modification and amendments in Regulations on insurance agents

According to the Law of the Republic of Uzbekistan "About insurance activity", the Regulations on the Ministry of Finance of the Republic of Uzbekistan approved by the resolution of the President of the Republic of Uzbekistan of March 18, 2017 No. PP-2847, I order:

1. Make changes and addition to the Regulations on insurance agents approved by the order of the Minister of Finance of the Republic of Uzbekistan of January 28, 2003 No. 19 (рег. No. 1213 of February 1, 2003) (The bulletin of regulations of the ministries, state committees and departments of the Republic of Uzbekistan, 2003, No. 3), according to appendix.

2. This order becomes effective from the date of its official publication.

Appendix

to the Order of the Minister of Finance of the Republic of Uzbekistan of July 7, 2017 No. 95

The changes and amendment brought in Regulations on insurance agents

1. The fifth Item 3 to state the paragraph in the following edition:

"collection from public sources, without interfering with private life of the insurer, data on risk and the insurer for the purpose of provision to the insurer of more complete information about the risks accepted from the insurer;".

2. To state paragraph two of item 4 in the following edition:

"the conclusion insurance agent of insurance contracts on behalf of the insurers who do not have the license for implementation of insurance of the corresponding type;".

3. To add Item 9 paragraph two after words of "insurance indemnity" with words of "(insurance sum)".

4. To exclude the word "official" from the paragraph of the fifth Item 10.

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