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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of August 27, 2018 No. 200

About approval of Rules of maintaining the register of the forbidden insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan

(as amended on 12-02-2021)

According to the Law of the Republic of Kazakhstan of December 18, 2000 "About insurance activity" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of maintaining the register of the forbidden insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan.

2. To department of regulation of the non-bank financial organizations (Kosherbayeva A. M.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of this resolution its direction in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;

4) within ten working days after state registration of this resolution submission to Legal department of data on execution of the actions provided by subitems 2), 3) of this Item and Item 3 of this resolution.

3. To management on consumer protection of financial services and external communications (Terentyev A. L.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Kurmanov Zh. B.

5. This resolution becomes effective after ten calendar days after day of its first official publication.

Chairman of National Bank

D. Akishev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of August 27, 2018 No. 200

Rules of maintaining the register of the forbidden insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan

Chapter 1. General provisions

1. These rules of maintaining the register of the forbidden insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan (further - Rules) are developed according to the Law of the Republic of Kazakhstan of December 18, 2000 "About insurance activity" (further - the Law) and determine procedure for maintaining by authorized body by regulation, control and supervision of the financial market and the financial organizations (further - authorized body) the register of the forbidden insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan (further - the register).

2. The register contains list of the forbidden insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan (further - the overcautious person).

Chapter 2. Procedure for maintaining register

3. The register is created for the purpose of exception of possibility of transfer by the insurance (reinsurance) resident organizations of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan of insurance risks in reinsurance to the overcautious persons included in the register.

4. The bases of inclusion in the register of the prohibited overcautious persons are stipulated in Item the 8th article 9 of the Law.

5. The register is kept in the Kazakh and Russian languages in electronic form in form according to appendix to Rules and is placed on official Internet resource of authorized body.

6. The authorized body makes the decision on inclusion of overcautious persons in the register:

1) independently;

2) based on the written appeal of the insurance (reinsurance) resident organization of the Republic of Kazakhstan, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan.

The data confirming availability of the facts which are the bases for inclusion in the register are attached to the written appeal of the insurance (reinsurance) resident organization of the Republic of Kazakhstan, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan.

7. The authorized body independently excludes the overcautious person from the register within 30 (thirty) working days from the date of elimination of the bases provided by the subitem 2) of part two of Item 8 of article 9 of the Law by it.

Appendix

to Rules of maintaining the register of the forbidden insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan

form

The register of the forbidden insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan

Date of inclusion in the register

Name of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan

Location (country) of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan

Basis of inclusion in the register

Note

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