INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 14, 2022 No. 6236-U

About modification of the Provision of the Bank of Russia of September 4, 2015 No. 491-P

Based on Item 14 of article 4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" <1> 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 September 6, 2022 No. PSD-55):

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<1> Russian Federation Code, 2002, No. 28, Art. 2790; 2021, No. 27, Art. 5187.

1. Bring in the Provision of the Bank of Russia of September 4, 2015 No. 491-P "Industry standard of financial accounting in the insurance companies and societies of mutual insurance located in the territory of the Russian Federation" <2> following changes:

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<2> It is registered by the Ministry of Justice of the Russian Federation on October 21, 2015, registration No. 39399, with the changes made by Instructions of the Bank of Russia of September 6, 2016 No. 4130-U (it is registered by the Ministry of Justice of the Russian Federation on December 15, 2016, registration No. 44742), of August 14, 2017 No. 4496-U (it is registered by the Ministry of Justice of the Russian Federation on September 7, 2017, registration No. 48108), of August 17, 2020 No. 5533-U (it is registered by the Ministry of Justice of the Russian Federation on October 8, 2020, registration No. 60303).

1.1. The fifth Item 1.3 to state the paragraph in the following edition:

"the transactions connected with receipt of insured property and (or) its suitable remaining balance in connection with refusal of the insurer (beneficiary) of the property right to insured property in case of loss, death of this property for the purpose of obtaining from the insurer of insurance payment (insurance indemnity) in the amount of full insurance sum (further - receipt of insured property and (or) its suitable remaining balance);".

1.2. In Item 2.3:

the paragraph one to state in the following edition:

"2.3. The last calendar day of the accounting period (further - reporting date) the insurer applies the following general requirements to accounting:";

state subitem 2.3.2 in the following edition:

"2.3.2. Reflects in financial accounting write-off of insurance reserves and share of overcautious persons in the insurance reserves created for the end of the previous accounting period (accounting entry 9.2 tables 1, accounting entry 7.4.2 tables 2, accounting entry 9.1.2 tables 3, accounting entry 8.2 tables 4 appendices to this Provision).";

add with subitems 2.3.2.1 and 2.3.2.2 of the following content:

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