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

of June 25, 2007 No. 184

About establishment of the size of the initial onetime fee for payment by the insurance participating organizations of Fund of guaranteeing insurance payments

According to Item 2 of article 17-4 of the Law of the Republic of Kazakhstan of June 3, 2003 "About Fund of guaranteeing insurance payments", the Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Establish for the insurance participating organizations of Fund of guaranteeing insurance payments the amount of the initial onetime fee in the amount of percent 1,5 from the insurance premiums added for the last financial year (minus returned (subject to return) insurance premiums to insurers (reinsurers) in case of the early agreement cancelation of insurance (reinsurance) and insurance premiums added under agreements of reinsurance to the insurance (reinsurance) organizations - to residents of the Republic of Kazakhstan) by the form compulsory insurance of civil responsibility of owners of vehicles at least 150-fold size of the monthly settlement indicator established by the legislation of the Republic of Kazakhstan on the government budget for the corresponding year.

2. This resolution becomes effective since October 1, 2008.

3. To department of strategy and analysis (Bubeev M. S.):

1) together with Legal department (Baysynov M. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan to bring this resolution to the attention of the interested divisions of the Agency, Fund of guaranteeing insurance payments and Consolidation of legal entities "Association of financiers of Kazakhstan".

4. To service of the Chairman of the Agency (Zabortseva E. N.) take measures to the publication of this resolution in mass media of the Republic of Kazakhstan.

5. To impose control of execution of this resolution on the vice-chairman of the Agency Uzbekov G. N.

 

Chairman A. Dunayev

 

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