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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 24, 2012 No. 54

About approval of Rules of issue of permission to voluntary reorganization of the insurance (reinsurance) organization (insurance holding) or refusal in issue of the specified permission

(as amended on 20-10-2022)

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 issue of permission to voluntary reorganization of the insurance (reinsurance) organization (insurance holding) or refusal in issue of the specified permission.

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan according to appendix to this resolution.

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

Chairman of National Bank

G. Marchenko

Appendix

to the Resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 54

The list of the regulatory legal acts of the Republic of Kazakhstan recognized invalid

2. The resolution of Board of National Bank of the Republic of Kazakhstan of December 29, 2002 No. 525 "About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of March 3, 2001 No. 54 "About approval of Rules of voluntary reorganization of the insurance (reinsurance) organization", registered in the Ministry of Justice of the Republic of Kazakhstan at No. 1475" (registered in the Register of state registration of regulatory legal acts at No. 2145).

3. The subitem 4) Item 1 of 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 October 25, 2004 No. 304 "About modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation and supervision of the financial market and the financial organizations" (registered in the Register of state registration of regulatory legal acts at No. 3236).

4. Item 1 of the List of the changes and additions made to some regulatory legal acts of the Republic of Kazakhstan, the Board of the Agency of the Republic of Kazakhstan approved by the resolution on regulation and supervision of the financial market and the financial organizations of the December 27, 2010 No. 184 "About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan" (registered in the Register of state registration of regulatory legal acts at No. 6766, published in 2011 in the Collection of acts of the central executive and other central state bodies of the Republic of Kazakhstan No. 7).

 

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 54

Rules of issue of permission to voluntary reorganization of the insurance (reinsurance) organization (insurance holding) or refusal in issue of the specified permission

Chapter 1. General provisions

1. These rules of issue of permission to voluntary reorganization of the insurance (reinsurance) organization (insurance holding) or refusal in issue of the specified permission (further - Rules) are developed according to Articles 66 and 73 of the Administrative procedural Procedure Code of the Republic of Kazakhstan, article 62 of the Law of the Republic of Kazakhstan "About insurance activity" (further - the Law), the laws of the Republic of Kazakhstan "About the state services", "About permissions and notifications" and "About the electronic document and the digital signature" and determine procedure for issue by authorized body by regulation, control and supervision of the financial market and the financial organizations (further - authorized body) permissions to voluntary reorganization of the insurance (reinsurance) organization (insurance holding) or refusal in issue of the specified permission.

1-1. Information on the made changes and (or) additions in Rules is placed on official Internet resource of authorized body and goes to the operator of information and communication infrastructure "the electronic government."

Chapter 2. Approval procedure on voluntary reorganization of the insurance (reinsurance) organization (insurance holding) or refusal in issue of the specified permission

2. The insurance (reinsurance) organization (insurance holding) (further – the applicant) provides in authorized body the petition on receipt of permission to carrying out voluntary reorganization of the insurance (reinsurance) organization (insurance holding) (further – the petition) in form according to appendix 1 to Rules in electronic form through the web portal of "the electronic government" www.egov.kz (further – the portal), with application of documents, the main requirements to rendering the state service "Issue of Permission to Voluntary Reorganization of the Insurance (Reinsurance) Organization and Insurance Holding" specified in the List (further – the state service).

The list of the documents necessary for rendering the state service is provided in the List of the main requirements to rendering the state service "Issue of Permission to Voluntary Reorganization of the Insurance (Reinsurance) Organization and Insurance Holding" according to appendix 2 to Rules.

In case of the direction the applicant of the petition through the portal in "private office" automatically displays the status about acceptance of request for rendering the state service with indication of date and time of receipt of result.

3. Conditions, form, procedure and terms of voluntary reorganization are specified by the applicant in the actions plan on carrying out reorganization (further - the actions plan).

4. In the actions plan the sizes and the procedure of obligation fulfillment of voluntarily reorganized applicant before insurers and other creditors are reflected.

5. Information on course of execution of the actions plan is submitted the applicant in authorized body within two working days after the expiration of completion dates of the actions specified in it.

6. Permission to reorganization of the insurance (reinsurance) organization is issued in case of observance by the applicant of the following conditions which accomplishment is established by the actions plan:

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