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THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of September 23, 2024 No. 74

About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of August 27, 2018 No. 203 "About approval of Rules and features of implementation of activities for reinsurance, and also insurance (reinsurance) pool"

Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of August 27, 2018 No. 203 "About approval of Rules and features of implementation of activities for reinsurance, and also insurance (reinsurance) pool" (it is registered in the Register of state registration of regulatory legal acts at No. 17460) the following changes and amendments:

in the Rules and features of implementation of activities for reinsurance, and also insurance (reinsurance) pool approved by the specified resolution:

state Item 1 in the following edition:

"1. These rules and features of implementation of activities for reinsurance, and also insurance (reinsurance) pool (further - Rules) are developed according to the Law of the Republic of Kazakhstan "About insurance activity" and determine procedure and features of implementation of activities for reinsurance, and also insurance (reinsurance) pool.";

add with Item 12-1 of the following content:

"12-1. (Reinsurance) pool is created by Strakhova in form of business of particular partnership based on cooperation agreement of the insurance (reinsurance) organizations of the participants jointly performing insurance activity on separate class, type of insurance or certain insurance risk (further - cooperation agreement).";

13, of 14, of 15, 16 and 17 to state Items in the following edition:

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