RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of March 27, 2026 No. 197

About approval of requirements to insurance by the Islamic principles (такафул), to imputed insurance and annuity insurance

For the purpose of realization of part 3 of article 82 of the Law of the Kyrgyz Republic "About insurance and insurance activity", according to articles 13, of the 17th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides:

1. Approve:

1) Regulations on insurance by the Islamic principles (такафул) according to appendix 1;

2) Regulations on the minimum requirements on imputed insurance according to appendix 2.

2. Bring in the resolution of the Cabinet of Ministers of the Kyrgyz Republic "About questions of licensing of separate types of activity" of December 14, 2023 No. 678 the following changes:

in Regulations on the licensing of separate types of activity approved by the above-stated resolution:

- add Chapter 45 with Item 295-1 of the following content:

"295-1. For receipt of appendix to the license the applicant submits the application and conditions of rules of insurance in case of availability of this license.";

- add Chapter 46 with Item 300-1 of the following content:

"300-1. For receipt of appendix to the license the applicant submits the application and conditions of rules of insurance in case of availability of this license.";

- add Chapter 47 with Item 305-1 of the following content:

"305-1. For receipt of appendix to the license the applicant submits the application and conditions of rules of insurance in case of availability of this license.";

- add Chapter 48 with Item 310-1 of the following content:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info